Friday, September 28, 2012

News Report #3


News Report #3
“Barnes & Noble unveils its first hi-definition tablets”
Phil Wahba
9/26/2012

Barnes & Nobel has released its first hi-definition tablets. According to analysts, these new tablets will keep Barnes & Nobel “in the fight with Amazon.com Inc., Apple Inc. and Google Inc.-for now.” Microsoft has agreed to invest $605 million in the Nook e-reader over the next five years.  While this new e-reader is an improvement from past e-readers, it will be difficult for Barnes & Nobel to continue to unleash new products because the corporation is financially smaller than others (even with the help from Microsoft).This new tablet is lighter and thinner for easy readability compared to its rivals, like the I-Pad. Barnes & Nobel is in constant competition with Amazon’s e-reader devices. And currently, Amazon holds 60% of the U.S e-book market. According to Forrester’s Epps, Barnes & Nobel is trying to transition its established clientele “onto the digital platform.” These new hi-definition tablets allow each member of a family to create their own home page and tailor preferences. The tablet also possesses controls to block children from inappropriate content. Because the majority of Barnes & Nobel’s customer base read books and magazines, the tablet features new page-turning technologies and increased image resolution.

I have never owned an e-reading device, but my mother loves the Kindle e-readers. She would be interested in these new features that the Kindle lacks. Barnes & Nobel created a smart and sensible e-reader for families. As opposed to everyone having their own e-reader, it can be shared by family members, while still keeping each person’s settings intact. I think that Barnes & Nobel is going in the right direction, realizing that people are moving to digital reading, with its ideas of how to keep its customers and gain new ones. Even though the company is pursuing new and improved ideas and technologies with its e-readers, the fact that their financial means are not limitless, Barnes & Nobel will still be competing with companies that have infinite means. It is hard to predict what will eventually become of Barnes & Nobel, but unless they can dramatically increase their profits while maintaining their customer base, I predict they will share the same end as Borders: bankruptcy.    

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