Barnes & Noble Misses With $2.2B In Revenue, Loss Of $0.18 Per Share, Nook Revenue Down 26% YOY

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Barnes & Noble has reported Q3 2013 earnings for the fiscal three-month period ending January 31, with a loss of $0.18 per share on quarterly revenues of $2.2 billion. That’s down 8.8 percent from the same period last year, when B&N reported gains of $0.71 per share.

Net losses in Q3 totaled $6.1 million, a clear drop from net earnings of $52 million a year ago.

Analysts predicted revenues of $2.4 billion, and an EPS of $.54. Last quarter saw revenues of $1.9 billion and losses of $0.04 per share.

Q3 has been a messy one for the retailer, which started out as a college text book store. The holiday period, which is usually a sure spike for retailers, left Barnes & Noble with a 10.9 percent sales decrease on B&N retail and BN.com from the same time last year. B&N blames this on declining Nook hardware sales at its retail locations.

Reports are floating around that Barnes & Noble may spin out its Nook hardware business, or perhaps focus its OEM vision on partnerships with Microsoft.

Barnes & Noble denies the reports, with CEO William Lynch stating today that the company is adjusting the Nook strategy and righting the segment’s cost structure. But based on the widening losses compared to Barnes & Noble’s glory days, a drastic change could be needed.

The Nook segment had revenues of $311 million during the nine-week period ending December 29, which was a 12.6 percent decrease from last year’s holiday Nook sales. All in all, Q3 saw a 26 percent YOY drop in Nook retail.

Barnes & Noble announced on January 28 that it would shutter nearly 1/3 of its retail stores, bringing its total number of locations from 689 to between 450 and 500 over the next decade.

Luckily, digital content sales rose 13.1 percent over that same nine-week holiday period, indicating that a departure from hardware and a focus on digital products could be the saving grace for the company.

The company also said on Valentine’s Day that it expected the Nook business to post an increased full-year loss, exceeding the $262 million loss seen in fiscal 2012. Though, B&N also expected losses to be less than $3 billion.

BlackBerry exec allegedly confirms a new BB10 tablet will launch in 2013 (update: not true)

BlackBerry exec allegedly confirms a new BlackBerry 10 tablet will launch in 2013

The company formerly known as RIM is currently rolling out two devices running the new BlackBerry 10 OS, and apparently that’s not all it’s got in store for 2013. Know Your Mobile India reportedly heard from the Head of Developer Relations for Asia Pacific at BlackBerry, during the recent Z10 launch in India, that a “BB10 tablet is definitely coming later this year.” We already knew that BB10 was to be shoehorned onto the PlayBook, and the same exec confirmed that it’s still in the works, so your old slate won’t be left with outdated software when this new hardware arrives. We’ve reached out to BlackBerry for confirmation or comment, and will update you when we hear back.

Update: Well, that was quick! The exec mentioned above has told us he was misquoted, and that BlackBerry has no immediate plans for a new tablet, instead focusing fully on the Z10 and Q10 for now. Sorry, folks — no PlayBook 2 for you.

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Via: Unwired View

Source: Know Your Mobile India

Nook leads decline as Barnes & Noble Q3 2013 revenue down 8.8 percent to $2.2 billion

Barnes & Noble revenue down 88 percent over last year to $22 billion

Currently the subject of many a rumor, Barnes & Noble just announced its quarterly results for Q3 2013 (its current fiscal quarter), showing what many expected: revenue is down almost 9 percent over last year to $2.2 billion, with gross earnings showing a precipitous 63 percent decline to $55.5 million. Despite well regarded (and priced) tablets, Nook business took one of the biggest hits, taking in only $316 million compared to $427 million over last year, a decline of nearly 26 percent. The company recently denied innuendo that it might be stepping away from Nook hardware altogether, but said in today’s statement that it’ll be “calibrating its business model” to look at reducing costs in the segment. However, with other expenses considered, the company has dropped $47 million so far this year, compared to a loss of only $11 million at the same time last year — a trend which the Amazon competitor will need to put the brakes on, one way or the other.

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Source: Barnes & Noble

Japan approves worldwide sale of robot exoskeletons

Ever wondered how it feels like to wear a robotic suit on your daily walkabout? Japan, a country where robots rule (all right, I am saying that with extreme liberty. Robots do not “rule” there per se, but rather, the proliferation of robots in everyday life as well as culture is extremely well known), might soon help fuel an explosion of “robo mania” of sorts, by approving a new robot exoskeleton suit for a global rollout sometime down the road.

What you see above is a robot suit that is known as the “Hybrid Assistive Limb”, or rather, HAL for short, which has been specially developed to help and assist both the elderly and disabled to get around, and the mission to spread the wonders of HAL around the world has been aided by the receipt of its global safety certificate in Japan yesterday, which means a worldwide rollout is on the cards.

The Hybrid Assistive Limb comes across as a power-assisted pair of legs that were developed by Japanese robot manufacturer Cyberdyne (good thing it is not a company known as Skynet!), and Cyberdyne has quite a proven track record for robotic assistance tools, where they have come up with somewhat similar robot arms in the past, too.

A quality assurance body in Japan issued the certificate that was based on a draft version of an international safety standard where personal robots are concerned, and a full certificate for the finished product is tipped to be approved later The HAL holds the honor of being the first nursing-care robot that was certified under the draft standard, according to a ministry official. HAL is powered by batteries, where it is capable of detecting muscle impulses in order to anticipate and support the user’s body movements.

You cannot buy one off the shelf just yet though, as it remains on lease (some 330 of them) across 150 hospitals, welfare and other facilities in Japan since 2010, where it costs $1,950 thereabouts to rent a suit for the entire year.

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[ Japan approves worldwide sale of robot exoskeletons copyright by Coolest Gadgets ]

Sony teases social aspects of PlayStation 4 with new screenshots

Sony went official with the announcement for the PlayStation 4 earlier this month. During the announcement, Sony promised that the device would have cloud services that bring “everything everywhere.” One of the big aspects of that everything everywhere is Remote Play and other features that allow players to take over for you in the middle of the game.

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We also know that the PlayStation for will be able to stream games using technology Sony acquired in their purchase of Gaikai. Today Sony has offered up a couple screenshots highlighting social aspects of the new PlayStation 4. The screenshots are of various parts from the console’s user interface.

While some of these screenshots were seen during the launch event, there are a couple that show the mobile interface between the console and devices like your smartphone. One of the social interfaces, which you can see here, shows a screen that reminds me a lot of YouTube where it appears user can share video recordings during their play sessions.

The PlayStation 4 screenshots also show the interface where you can share individual screenshots, video clips, or broadcast live video. That last selection will be popular with gamers who like to attract an audience.

[via Engadget]


Sony teases social aspects of PlayStation 4 with new screenshots is written by Shane McGlaun & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Vimeo announces ‘Looks’ feature, now lets users add visual effects to videos

Vimeo announces 'Looks' feature, now lets users add visual effects to videos

Whether it was inspired by the recent Instagram craze or not, Vimeo’s new “Looks” have a pretty good chance of being welcomed with open arms (and eyes) by the video creators on its well-known platform. In partnership with Vivoom, the company announced today that it’s bringing over 500 visual effects to the service as part of its Enhancer toolbox, giving folks the ability to easily add some flavor to their own video productions straight from a web browser. Furthermore, Vimeo’s made it possible to preview these filters in real-time, as well as letting them be somewhat customizable by implementing various editing options, such as trimming and adjusting the intensity of each one. Vimeo also says the novel feature will be able to make recommendations based on “technical analysis of the user’s video and social data,” — in other words, the more you use it, the more likely it is to learn your very own visual preferences.

Thanks to Vivoom’s 16-year experience in the video effects field, Vimeo tells us it only expects the current Looks selection to grow and deliver more of the “highest quality effects,” adding that the main goal is for each and every user to “find what’s best for their personal needs.” Speaking of which, all Vimeo account holders can play with the new Looks at no cost for the next 90 days, although the company wasn’t quite clear as to what we can expect after that period comes to an end.

Update: Vimeo has reached out to let us know that following the 90-day trial, the Looks will cost 99 cents each.

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Source: Vimeo

ZenAwake iOS App Gently Wakes You from Your Slumber

Waking up has always been a difficult process for me, and I have to say that I haven’t found an easy way to wake up until now. The only real workaround is to get a good night’s rest. That being said, if  you have the same difficulty getting out of bed as I do, there’s an app for that!

zen awake alarm ios app

The ZenAwake app tries to wake you up in a gentler way than traditional alarm clocks, by starting the wake-up process 10 minutes before you’ve set your alarm. It starts as a gentle chime that increases in frequency over time. This is supposed to wake you up gradually, instead of just jarring you awake like most alarms.

The app uses The Golden Ratio to gradually increase the frequency of its chimes, which they claim will help wake you up more naturally. It’s definitely something people should try, especially if you’re very grumpy in the mornings like me.

The ZenAwake app is available for $1.99 at the iTunes app store and it seems like they are developing an Android version as well.

Apple’s iTunes U smashes one billion downloads milestone

Apple’s iTunes U has seen over one billion downloads of free educational content, the company has announced today, with some schools seeing courses with quarter-million registrations and 60m individual downloads. Revealed a little over a year ago, iTunes U offers free educational material and related content from universities, colleges, schools, K-12 districts, and private courses to the iPad.

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According to Apple, more than 1,200 universities and colleges are involved, along with 1,200 K-12 schools and districts, and over 2,500 public and private courses are sharing materials through iTunes U. Some of the courses have been incredibly popular: an Ohio State University general chemistry course saw over 100,000 enrolments, for instance, though the system has also allowed more esoteric courses to flourish.

More than 60-percent of the iTunes U app downloads are happening outside of the US, it’s revealed, and there are now over 75,000 educational apps in the App Store, and more than 10,000 Multi-Touch books created with iBooks Author. That free tool, revealed alongside iTunes U last year, allows for the simple creation of interactive textbooks and other content, though they can only be shared in their complete form through Apple’s own stores.

The push to provide more iTunes U content hasn’t been an entirely altruistic one for Apple, which has seen renewed interest in schools and colleges providing iPads for their students. Mansfield Independent School District in Texas, for instance, bought over 10,000 of the tablets, for high school students and faculty.

There’s more on iTunes U in our hands-on, and you can find a preview of the iPad content available here.


Apple’s iTunes U smashes one billion downloads milestone is written by Chris Davies & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

iTunes U content downloads pass the one billion mark

iTunes U hits the one billion download mark

Apple completely revamped its iTunes U app last year to include full course materials and it looks like that work is paying off, as the company just trumpeted its billionth content download. Over 250,000 students are enrolled in the service, which now boasts “thousands” of iTunes U learning materials, according to Cupertino. The company added that 60 percent of those downloads came from outside the US, with educators in 30 different countries — like recent additions Brazil and Turkey — able to create content. OHU prof “Dr. Fus” Stoltzfus said that students using his materials range from students around the world to retirees, so if you’ve been thinking of a knowledge upgrade, you’ve got no excuse. For more, check the PR after the break.

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Another Reason To Be an Astronaut: You Get To Hang With This Adorable Zero G Robot

Robots aren’t only taking over our duties as factory workers and amusement park guides. They’re also slowly taking over our cool jobs too, like on the International Space Station, where Kibo will serve to entertain Japanese astronaut Koichi Wakata with inspirational tweets from earth—and also look adorable floating around in zero gravity. More »