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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