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Suddenly it seems that no one wants to be in the e-reader business
Barnes & Noble announced plans this week to spin off a company built around its Nook e-reader after revenues for its Nook business fell 22% versus the previous year. Sales for the 2014 fiscal year fell 35%
While Amazon doesn't break out sales for its Kindle e-readers, it's in the process of launching its first smartphone. The company has a lot of reasons for this, but the fact that more and more people are reading ebooks on their phones is likely a factor.
Amazon's announcement was also seen as an admission that growth in the tablet market was slowing down. IDC projects that the global tablet market will grow just 12.1% this year, compared to 51.8% last year Read more...
More about Amazon, Kindle, E Reader, Barnes Noble, and Nook
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