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Old 01-04-2013, 12:54 PM   #52
fjtorres
Grand Sorcerer
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Join Date: May 2009
Location: 26 kly from Sgr A*
Device: PRS-T1, KT, PB701/IQ, K2, PB360, BeBook One, Axim51v, TC1000
Quote:
Originally Posted by cassidym View Post
Similar article about B&N and the Nook in today's NY Times http://mediadecoder.blogs.nytimes.co...ef=todayspaper
Ouch!

Quote:
In a note to clients, S&P Capital IQ said, “We think this portends greater market share losses for the Nook over the medium term” and downgraded its recommendation on Barnes & Noble stock from hold to sell. Barclays said in a note that the Nook’s precipitous decline was “quite concerning” and “below even our modest expectations.”
Even cheerleader Shatzkin sees big trouble:
Quote:
“They are not selling the devices, they are not selling books and traffic is down,” said Mike Shatzkin, the founder and chief executive of Idea Logical, a consultant to publishers. “I’m looking for an optimistic sign and not seeing one. It is concerning.”
One bit of interesting news in there:

Quote:
The declining retail numbers were also troubling when viewed in the context of a rise in sales among independent booksellers. The American Booksellers Association, which has not yet released official holiday sales, estimated Thursday that its members’ sales would be up about 8 percent over last year.
It seems that, for a change, Indies are eating B&N's lunch.
That suggests yet another problem for B&N: that the format changes and Nook emphasis in the bookstores might be driving B&M pbook buyers elsewhere.
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