NEW YORK (AP) — Barnes & Noble is teaming up with Samsung to develop Nook tablets, the book seller said Thursday, as it focuses on its Nook software.
Barnes & Noble spent years investing heavily in its Nook e-book reader and e-book library, but they struggled to be profitable. And in December the chain said it was evaluating the future of its tablets. Still it offered a new non-tablet e-book reader during the holiday season.
The New York company has been trying to turn itself around as competition from discount stores and online retailers toughens, and as consumers shift away from traditional books to digital formats.
In its most recent quarter, Barnes & Noble reported a third-quarter profit as cost cuts at its Nook unit and elsewhere helped offset declining revenue across all of its businesses.
CEO Michael Huseby said at the time in a call with analysts that the company is trying to create better ways to package physical and digital content, calling the digital side "vital to our mission."
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