So, print is dead, eh?
While reading an August 14, 2012 Wall Street Journal article about Barnes & Noble's financial prospect, I came across this interesting passage.
"B&N has effectively used its bookstores, which are profitable [emphasis mine] to fineance the Nook. But that isn't sustainable. Financial realities suggest B&N will be nable to stay in hardware business in the long term withouth te help from better financed partners."
Given how profitable e-books have been for Amazon and Apple, the world's largest bookstore chain would be foolish not to try to capitalize on the e-book boom. But, at the same time, the passage suggests that the conventional wisdom - that brick-and-mortar bookstores are going the way of video stores - may not be such a sure thing after all.
"B&N has effectively used its bookstores, which are profitable [emphasis mine] to fineance the Nook. But that isn't sustainable. Financial realities suggest B&N will be nable to stay in hardware business in the long term withouth te help from better financed partners."
Given how profitable e-books have been for Amazon and Apple, the world's largest bookstore chain would be foolish not to try to capitalize on the e-book boom. But, at the same time, the passage suggests that the conventional wisdom - that brick-and-mortar bookstores are going the way of video stores - may not be such a sure thing after all.