Target is discontinuing sales of all Amazon Kindle e-Readers and the Kindle Fire by May 13 2012. The company has already suspended all online listings for Amazon devices. The Kindle Fire accounts for most of Target's sales in the tablet department, which sold out nationwide on Black Friday 2011. The reason why they are not selling them anymore? A conflict of interest with … [Read more...] about Target Will Suspend Sales of Amazon Kindle e-Readers by May 13th
Business News and Statistics
Simon & Schuster Digital Revenue Increases by 64% in Q1
Simon & Schuster announced their first quarter results today and their digital division has seen growth by almost 64%. The fast growing segment of ebooks now accounts for over 26% of their entire revenue stream.Publishing revenues for the first quarter of 2012 increased 14% to $176 million from $155 million for the same prior-year period, reflecting strong growth in the … [Read more...] about Simon & Schuster Digital Revenue Increases by 64% in Q1
Kyobo Mirasol e-Reader Now Available in Canada and the USA
The Kyobo Mirasol e-reader has finally made the long trek from South Korea to North America. This is the first ebook reader on the market that utilizes the new Mirasol Color e-paper technology. Utilizing Android 2.3, it allows you to install your own apps and download new ones from the Amazon App Store.The New Kyobo Mirasol e-Reader has only been around for a few short … [Read more...] about Kyobo Mirasol e-Reader Now Available in Canada and the USA
New Barnes and Noble Nook to Ship with NFC
Barnes and Noble is in the midst of developing new versions of their Nook e-Readers that have a Near-Field-Communication chip in them. This will allow for greater synergy between their e-readers and books in the retail stores.William Lynch, the CEO of Barnes and Noble, dropped a bombshell in an interview with Fortune today. "We're going to start embedding NFC chips into our … [Read more...] about New Barnes and Noble Nook to Ship with NFC
Onyx Boox to Use New LG e-Paper Technology
Back in March, LG revealed new e-paper that should give e-ink Holdings a run for their money. One company that is interested in using this technology is Onyx, who is well known for their BOOX series of e-readers. Their new device using Plastic Paper will be launching sometime this month.The new e-Paper by LG features a inch XGA display with a resolution of 1024 x 768 pixels … [Read more...] about Onyx Boox to Use New LG e-Paper Technology
Angry Birds Space Sets Mobile Download Milestone
Rovio has announced that its latest iteration of their Angry Birds franchise has hit an unparalleled number of downloads. It seems that Angry Birds Space has set a new record as the most downloaded mobile game of all time. It has reached over 50 million downloads since it was released last month.Many people who have stuck with our fowl weather friends since the first … [Read more...] about Angry Birds Space Sets Mobile Download Milestone
Books-A-Million Receives Offer to Take Company Private
Books-A-Million Inc received a proposal from the Anderson family, who controls over 53% of the company, to take it private today. Recently displaced CEO Clyde Anderson made an offer of $3.05 per share in cash for Books-A-Million, which has a premium of 20 percent. This would value the entire company at $48.8 million.Books-a-Million became the United States' second-largest … [Read more...] about Books-A-Million Receives Offer to Take Company Private
Scholastic Updates Earnings with Success of the Hunger Games
Scholastic announced today that its second quarter earnings are going to be higher than anticipated due to the success of the Hunger Games Trilogy. Even more people are buying the books because the film adaptation did so well in movie theaters.Many different companies actively market the digital and print editions of the Hunger Games. Being a young adult book, it tends to … [Read more...] about Scholastic Updates Earnings with Success of the Hunger Games
Microsoft Invests 300 Million in Barnes and Noble Nook Division
Microsoft today has invested 300 million dollars into Barnes and Noble to create a new subsidiary called Newco. This will accelerate deployment of the Nook ebook ecosystem into Windows 8.The essence of this deal is to tap into college and university textbooks that Barnes and Noble offers under its Nook Study banner. These textbooks will be available for purchase in the … [Read more...] about Microsoft Invests 300 Million in Barnes and Noble Nook Division
Macmillan Imprint TOR to Abandon DRM
Macmillan USA is taking the first steps to abandon Digital Rights Management on its Science-Fiction imprint TOR. This bold move will occur by July of this year and finally allow users to transfer books to different devices without the need for Adobe Digital Editions or other software. The one main thing that DRM prevents is the resale of purchased books and the donation of … [Read more...] about Macmillan Imprint TOR to Abandon DRM
Pearson Publishing Experiences 3% Growth
Pearson Publishing has reported quarterly results today and the company has seen 3% growth on its extensive portfolio. The Financial Times and Penguin both fall under the Pearson banner. The most successful ventures for the company continues to be the educational market that nets 60% of its total revenue. The Financial Times also has seen robust sales even though advertising … [Read more...] about Pearson Publishing Experiences 3% Growth
Vietnam Opens Up Their First e-Reader and eBook Store
Phuong Nam Cultural Joint Stock Corporation's ebook store has opened in Saigon and is the first of its kind in that country. The company has opened a 500-square-meter store in floor B2 in the Vincom Shopping Mall in District 1, where it sells e-readers, tablets, ebooks, accessories, and apps.There are not many books to start but Phuong Nam says more will be added in the … [Read more...] about Vietnam Opens Up Their First e-Reader and eBook Store
e-Ink Holdings Reports First Quarterly Loss in 2 Years
E-Ink Holdings reported their first loss for the first time in ten consecutive financial quarters. The company has reported that they are in the red 26 million dollars and cited the "inventory adjustment" of its clients. Its entire revenue stream is down over 67% from this time last year.It is not surprising that e-Ink is reporting a loss in the first quarter because no new … [Read more...] about e-Ink Holdings Reports First Quarterly Loss in 2 Years
Amazon Kindle Fire takes 54% of the Android Market
The Amazon Kindle Fire is growing in popularity and now controls 54% of the entire Android market segment. Its rivals such as the Samsung Galaxy Tab and Motorola Xoom are seeing diminished returns.The Kindle Fire has seen tremendous market growth since it launched last November. During its first quarter it garnered 29% of all Android sales. In January it increased its lead … [Read more...] about Amazon Kindle Fire takes 54% of the Android Market