There’s no sugarcoating it: Nook took a big hit over this past holiday season.
Overall, the division’s revenue was off 60% versus a year prior. And Nook also was down over the holidays in 2012, creating a disturbing trend for the viability of the bookseller’s digital business.
The company blamed the decrease on lower device sales as Barnes & Noble didn’t come out with a new tablet this year and instead sold discounted versions of last year’s stock. Digital content sales were also down – due to lower device sales, the company said.
With a new CEO, one who has experience “unlocking shareholder value” (read: selling companies), it’s not unfair to wonder if Nook will be around in its present form next year at this time.
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The rest of the day’s top news:
Huseby Brought in to Break up Barnes & Noble? (DBW)
According to one astute analysis, Michael Huseby may have been brought in to help sell Barnes & Noble.
Author Survey Data: Authors Prefer Publishers (DBW)
The first bit of data to be made public in our 2014 Digital Book World and Writer’s Digest Author Survey: When it comes to publishing their next book, more authors are interested in using a traditional publisher than in self-publishing. More.
Worldwide, Ebooks Keep Growing (DBW)
While there’s some evidence that ebook adoption has slowed in the U.S., abroad it’s still ramping up. The CEO of ePubDirect, one of the largest distributors of ebooks in Europe, shares data exclusively with Digital Book World.
Russia’s Growing Ebook Market (Pub Perspectives)
Russia’s ebook market continues to grow. In 2013, for instance, Russia showed 25% quarter-over-quarter growth in the third quarter. Editors’ Note: This article states that at $16.12 million, the Russian ebook market is now the third-largest in the world. Something about that is wrong – either the $16.12 million or the “third-largest.” We have emailed the editors of Publishing Perspectives to gain some clarity.
ABA Partners With NetGalley to Bring Digital Galleys to Indie Bookstores (DBW)
A new partnership between the American Booksellers Association and NetGalley will give certain indie bookstores access to digital galleys.
Crowdsourcing a Best-Seller (Salon)
The next challenge for big data? Using the masses to crowdsource a fiction best-seller.
Best-Selling E-Singles (Talking New Media)
High Heat by Lee Child (Penguin Random House) topped the list of fiction e-single best-sellers. It hit Digital Book World’s Ebook Best-Seller list on several occasions in 2013.
An EVEN Smaller E-Reader (The Digital Reader)
Yesterday we brought you word of super-small, super-light Alcatel MagicFlip. Today, an even smaller e-reader: Gajah’s tiny e-ink screen that can be added to any Bluetooth-enabled Android smartphone. Trend?
Ingram Spark Offers More to Attract Indie Authors (The Book Designer)
The print-on-demand service aimed at small and indie publishers is now offering more levels of discounting designed to attract indie authors.
Your Business, Your Career, the Future of Publishing (DBW)
Why Digital Book World editorial director Jeremy Greenfield thinks you should go to Digital Book World 2014 – even if he is biased!
Only three days left to register!