Barnes & Noble conceded Tuesday it cannot compete head-to-head with the iPad and the Kindle Fire.
Reporting a big loss at its Nook e-reader division that dragged down the company’s fourth-quarter results, Barnes & Noble said it would no longer make its own color tablets. Instead, it will work with third parties, which will make the devices in exchange for co-branding opportunities.
The announcement is essentially Barnes & Noble’s white flag, though it will still make and sell the black-and-white versions of the Nook.
— Staff and wire reports