Gear Diary Barnes and Noble Announces the NOOK Simple Touch with Glow Light photo

Well, you have to hand it to Barnes and Noble. They know how to turn heads, especially with the timing of their hardware releases. All day, the discussion has been about what the agency model settlement will do to B&N. Until Barnes and Noble announced their new “NOOK Simple Touch with Glow Light”, aka a front-lit eInk device!

From B&N:

New York, New York – April 12, 2012 – Barnes & Noble, Inc. (NYSE: BKS), the leading retailer of content, digital media and educational products, today introduced NOOK Simple Touch with GlowLight, the world’s first E Ink device with patent-pending lighting technology that eliminates the number-one problem couples have in bed – having their sleep interrupted, or being prevented from falling asleep, when their partner reads with the light on. With a soft, adjustable glow, GlowLight gives bedtime readers just the right amount of light for reading, without disturbing a sleepy spouse. Like having two Readers in one, the first and only Reader designed to let E Ink customers read in the dark is equally amazing at the beach, with a paper-like reading experience, even in the bright sun. This revolutionary device is the first to combine the most advanced and fastest E Ink display with a precise infrared touchscreen, built-in anti-glare screen for reading in any lit environment, and an evenly distributed and adjustable light for reading in the dark. NOOK Simple Touch with GlowLight is also the lightest NOOK ever, with a long-lasting battery for over one month of reading on a single charge, with the light on. Customers can pre-order the newest addition to the award-winning NOOK portfolio immediately for just $139 at www.nook.com and in Barnes & Noble stores. NOOK Simple Touch with GlowLight will be in stores and homes starting in early May, a perfect gift for Mother’s Day, Father’s Day and graduations.

This is exciting for a few reasons. One, it scoops Amazon, who is also rumored to be working on a similar front-lit screen. Two, it eliminates the biggest complaint about eInk screens, which is that they are hard to read in low light (just like regular books). Now you can pick up an eInk device with a backlight for $140…that is just jaw dropping. Consider that the original Kindle cost $399 and the original NOOK came out at $259. For less than either of those first-gen devices, you can now own a smaller, touchscreen, BACKLIT device!

Did not having a light keep you from buying a NOOK? Are you excited to see this “Glow Light”? Did anyone else have a toy glow worm as a child and immediately jump from “glow light” to “beloved childhood toy”? Check out the full B&N press release here, and then let us know in the comments!

 

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Carly has been a gadget fiend for a long time, going back to her first PDA (a Palm M100). She quickly went from researching what PDA to buy to following tech news closely and keeping up with the latest and greatest stuff. She loves writing about ebooks because they combine her two favorite activities; reading anything and everything, and talking about fun new tech toys. What could be better?
  • Ewgous

    Their pronouncement was pretty much drowned out by the din of their falling stock. The consensus is that B&N is pretty much on the road to nowhere with the end of agency.

    • http://www.geardiary.com Carly Z

      Which is a bit odd to me. Yes, B&N succeeded because the timing worked out that the NOOK was released as the agency model was appearing.
      But B&N goes back a long time with a lot of customers, and it is really shaky logic to point to them and claim their entire nook line would have failed if amazon undercut them by a few dollars. That totally ignores their entire customer base and loyalty.
      Sent from my iPad

      • gous

        “Which is a bit odd to me.”

        It might be due to their inability to make any profits online. Let’s take the last all important holiday quarter. All quotes from the Wall Strret Journal article of February 22nd:

        ‘ Barnes & Noble  Inc.’s latest quarterly results tell a tale of two businesses, with sharply improved profits from its consumer book stores being more than offset by rising investment costs in its digital business.’
        …’Barnes  & Noble’s digital business reported a loss, before interest, taxes, depreciation and amortization, of $93.7 million, widening from the loss of $50.5 million a year earlier… Earnings before interest, taxes, depreciation and amortization at the consumer stores rose 16.5% to of $206.9 million in the quarter.’

        Note that for BN.com online, sales were up 32% year-over-year, while losses were up 85% year-over-year to a record-smashing $94 million. All this while selling Big 6 titles with a built in margin of 30 percent!

        Nor are these losses due to selling pbooks online, since by their own admission they also saw a drop in sales of physical products online in that quarter – in itself a highly disturbing sign.

        Goldman Sachs has just lowered its target price from $15 to $14 on Barnes & Noble, and their comments justifying that decision sums it up:

        “We see risk to BKS from two sources: (1) Lower book prices could reduce
        gross margin in the ebook business, impeding an already precarious
        model (EBITDA losses through our forecast horizon). (2) Hastening the
        migration of book sales online, and away from the physical channel
        which, despite its secular challenges, is generating all of the firm’s
        free cash flow, and, in our view, most of its value.”

        Put another way: B&N’s supposed dinosaur stores are generating all the profits, while the whole NOOK side of things is an albatross threatening to capsize an already leaking ship.

        • http://www.geardiary.com Carly Z

          Gotcha. So the demise of agency just exposes an existing weakness in how they structure their business. And the concern is that they will need to eat further into an already margin-poor area of their business.
          That makes more sense. I will look into that a bit further…good stuff. Appreciate the explanation!



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