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Barnes & Noble (BKS -20.3%) is exiting the tablet market and will focus its hardware efforts...

Barnes & Noble (BKS -20.3%) is exiting the tablet market and will focus its hardware efforts on e-readers, the book retailer announces in tandem with its bleak FQ4 results and FY14 guidance. With B&N's tablet share having cratered and the Nook division reporting $133M in inventory charges for FQ4, the decision isn't hard to fathom. B&N says it will "continue to offer its existing inventory" of Nook tablets through the holiday season, and will seek out partners to make B&N-branded tablets. Amazon (AMZN) must be pleased, given the overlap between the Nook HD and Kindle Fire's targeted customers, and the fact B&N remains a top e-book competitor.
Comments (4)
  • B&N has been Amazon'd. Another bites the dust. The timing of B&N's announcement is important because Amazon has new devices in the works. Scary for Amazon's competition.
    25 Jun 2013, 02:40 PM Reply Like
  • Stories like this almost justifies $AMZN P/E. They are in the business of putting others out of business. Still not brave enough to bite though.
    25 Jun 2013, 04:52 PM Reply Like
  • It's hard to see getting in at this valuation, but I've been wrong about this stock (Amazon) in the past.
    25 Jun 2013, 06:28 PM Reply Like
  • AMZN stock is being propped and supported by Wall Street. This 19 year old company LOSES money, where Barnes and Noble at least makes money. When there is no other competition, AMZN will put the screws to the prices.

     

    As for me, I won't give them AMZN one penny of mine. If I shop online, I shop directly at B&N, or directly at any other retailer site. I want the profits going to companies that actually provide jobs and support local communities, such as B&N does. Imagine the world with no book stores to go into. Only AMZN....cause that is where we are headed if people don't wise up and change their shopping habits. AMZN is capitalizing on laziness and greed and Wall Street is helping them get it done.
    26 Jun 2013, 05:21 PM Reply Like
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