Dive summary:
- Barnes & Noble has announced it will cease production of Nook HD and Nook HD+ tablets after losing out to fierce competition from Apple, Google and Amazon.
- In the last fiscal year, B & N reported a loss of $475 in the Nook business and a 34 percent drop in sales in the last quarter.
- The book store chain will continue to produce black and white e-readers.
From the article:
"As Barnes & Noble tries to sell its Nook Media subsidiary, comprised of Nook and its college bookstore chain, this retreat from the tablet market might be a roadblock. In May, rumors circulated that Microsoft was interested in buying out Nook."