Barnes & Noble unveils $199 Nook Tablet

The Nook Tablet has eight gigabytes of memory
US bookseller Barnes & Noble unveiled a new version of its Nook tablet computer Tuesday, a device with the same $199 price tag as Amazon's Kindle Fire.

US bookseller Barnes & Noble unveiled a new version of its Nook tablet computer Tuesday, a device with the same $199 price tag as Amazon's Kindle Fire.

The seven-inch (17.78-centimeter) also has eight gigabytes of memory like the tablet released by online retail giant Amazon in November.

Apple's cheapest iPad costs $499. Barnes & Noble released a $249 Nook Tablet with 16 gigabytes of memory in November.

Barnes & Noble also said it was slashing the price of its Nook Color electronic book reader to $169 from the current $199.

The New York-based also announced its fiscal third-quarter results on Tuesday.

The company said its net profit fell to $52 million in the quarter compared to $60.6 million in the same quarter a year ago. Revenue was up five percent at $2.4 billion in the quarter which ended on January 28.

"Our physical book sales at our stores increased more than four percent over last year," Barnes & Noble chief executive William Lynch said in a statement.

"Our Nook digital content business continues to grow rapidly," Lynch added. "According to some of the largest US publishers, we maintained or slightly gained share in the e-book market during the third quarter."

Barnes & Noble said sales of digital content and Nook tablets and e-readers rose 38 percent during the quarter to $542 million.


Explore further

Barnes & Noble's unveils $249 Nook Tablet

(c) 2012 AFP

Citation: Barnes & Noble unveils $199 Nook Tablet (2012, February 21) retrieved 20 November 2019 from https://phys.org/news/2012-02-barnes-noble-unveils-nook-tablet.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
0 shares

Feedback to editors

User comments