Barnes & Noble Might Do Away With the Nook

Barnes & Noble Might Do Away With the NookFlickr image via buyalex

Barnes & Noble is shifting its focus away from e-reading devices to licensing content with other tablet producers, according to a New York Times report cited by Mashable. 

Blame a holiday sales slump: Despite rave reviews from the tech world, "the chain announced earlier this month that it expected its Nook business to generate less than $3 billion in revenues and post a greater loss in the 2013 fiscal year than the $262 million loss recorded in 2012," wrote Todd Wasserman. 

The news comes as B&N looks to shut down about 30% of its stores over the next decade. 

[via Mashable]

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Tags: nook, barnes-and-noble, e-reading, e-reading-device
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