Quote:
Originally Posted by gbm
If the 7 million active subscribers is accurate, the question is why would B&N sell Nook Media LLC.
bernie
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You think so?
ebook user penetration in the US has been measured at around 25% of the population, in a country with ~320Million inhabitants that means something like 80 million ebook readers.
Those 7 million active users means B&N has less than 10% market share. Or about a third of what they've been bragging.
7 million active users would be fabulous for Sweden and good for Canada but it's on the low side for the US. Definitely not worth an extra $1B on top of the $300-pllus million MS has already sunk into Nook.
Edit: Kobo has 12million registered users.
http://business.financialpost.com/20..._lsa=2ed4-9181
That is globally and Kobo is small in the US but the context is clear; *if* those numbers are true, there is a lot less to Nook than B&N has been pretending.