It has been revealed today via Barnes & Noble’s Fiscal 2014 Third Quarter Financial Results that the company is currently in discussions with hardware manufacturers to develop a next-generation NOOK e-reader/tablet device that will be equipped with a color screen.
It has been revealed today by Barnes & Noble that their new next-generation NOOK is expected to be launched early in the company’s next fiscal year, which could be any time after April 27th, 2014.
Decline in Current NOOK Sales
The third quarter financial results published today by Barnes & Noble also indicate that the current NOOK devices have seen a significant decrease in sales. Specifically, NOOK hardware sales dropped 58.2 percent to $100 million, while content sales fell just 26.5 percent to $57 million. This decline in hardware sales could be attributed to several factors, including increased competition from other e-reader and tablet manufacturers, as well as the rapid advancement of technology that has left older NOOK models less appealing to consumers.
Despite the drop in hardware sales, digital e-books seem to have maintained a more stable performance when compared to last year. This suggests that while consumers may be moving away from older NOOK devices, they are still interested in digital reading content. This trend underscores the importance of Barnes & Noble’s strategy to innovate and release a new, more advanced NOOK device that can better compete in the current market.
Anticipation for the New Color NOOK
Unfortunately, no other information or specifications about the new color NOOK e-reader/tablet device have been divulged at the current time. However, the anticipation for this new device is building, especially among loyal NOOK users and digital reading enthusiasts. The introduction of a color screen is expected to enhance the reading experience, making it more versatile for various types of content, including magazines, children’s books, and graphic novels.
The move to develop a next-generation NOOK with a color screen aligns with the broader industry trend of integrating more advanced display technologies into e-readers and tablets. For example, Amazon’s Kindle Fire series and Apple’s iPad have set high standards for color display and multimedia capabilities. By incorporating a color screen, Barnes & Noble aims to position the new NOOK as a competitive alternative to these popular devices.
Moreover, the collaboration with hardware manufacturers suggests that Barnes & Noble is committed to leveraging the latest technological advancements to create a high-quality product. This could potentially include features such as higher resolution displays, improved battery life, and enhanced connectivity options, which are critical for modern e-readers and tablets.
As soon as more information comes to light, we will, as always, keep you updated on developments. For more information on the new results published today by B&N, jump over to the website for details.
Source: Liliputing
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