Tag - Borders
Those who attempt to visit Borders.com on Friday will be redirected to a special Barnes & Noble's web page. The Borders Twitter and Facebook accounts were also seemingly taken over. Visitors are greeted by a message from B&N CEO William Lynch, asking that they give B&N a chance to be their bookstore. The Facebook page apologizes for Borders' closing and invites visitors to join the B&N Facebook page.
Kobo's eReader Touch Edition is now available at Best Buy stores, with Kobo specialists in place at stores to demonstrate the devices to would-be buyers. The $130 device will also show up in other retail stores before year's end.
Kobo reached out to assuage readers in the wake of Borders' eventual death with promises that devices like the eReader Touch Edition and book purchases would carry over. The e-book firm had already been moving customers over from the Borders-specific accounts over to Kobo's own. Readers should have access to all the same books but also stay more current on apps and features.
Borders on Monday night said it would effectively shut down as it planned to liquidate its business. Following unsuccessful tries at selling itself following its Chapter 11 bankruptcy, the company planned to sell all 399 of its stores and their assets to two liquidation companies, Gordon Brothers and Hilco. The clearout would start as soon as Friday with the entire process wrapped up by September.
Kobo and Best Buy on Thursday partnered to sell the Kobo Wireless eReader in Best Buy stores and on the retailers web sites for the first time. Also, to mark Mother's Day, the device will be on sale for $100 before returning to its regular $130 price tag on May 14. The device was only available through Borders stores before this announcement.
The Association of American Publishers said late Thursday that e-books had surged and established a foothold as the most popular format for reading in the US. Results from February saw e-book sales triple from just a year ago to $90.3 million. The jump made it the most popular format for books in the US, outpacing paper in every category the AAP covers.
Barnes & Noble in posting results for its most recent quarter late Tuesday claimed to have gained market share for e-books in the US. The company claimed to have moved from its usual fifth of the market to 25 percent. It tied the success to that of the Nook and noted that it was selling twice as many e-books as any paper books online.
Last week's unofficial report of the Borders Group's near bankruptcy status is now official, as the company detailed its plans. The company has filed a petition for reorganization relief under Chapter 11 after the authorization of its board of directors. The deal will secure commitment for $505 million in debtor-in-possession financing from GE Capital, Restructuring Finance.
Borders' financial troubles in the e-book era could come to a head early next week after a leak has revealed it's close to bankruptcy. The bookseller is now believed to be filing a non-permanent Chapter 11 bankruptcy as soon as Monday or Tuesday. Its plan would see it get debtor-in-possession financial backing during the bankruptcy of as much as $450 million from Bank of America or GE, but it would also close 200 of its existing 674 stores, the WSJ sources behind the leak said.
Borders has been delaying payments to book publishers in signs that it may be one of the first major victims of e-books. Early reports from Publishers Marketplace on Friday said it was putting off the payments to help refinance its debt but also wasn't certain that the plan would be effective. It might have to break its existing credit deals early into 2011 after facing a "liquidity shortfall," it said.
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Cirrus creates Lightning-headphone dev kit
Apple supplier Cirrus Logic has introduced a MFi-compliant new development kit for companies interested in using Cirrus' chips to create Lightning-based headphones, which -- regardless of whether rumors about Apple dropping the analog headphone jack in its iPhone this fall -- can offer advantages to music-loving iOS device users. The kit mentions some of the advantages of an all-digital headset or headphone connector, including higher-bitrate support, a more customizable experience, and support for power and data transfer into headphone hardware. Several companies already make Lightning headphones, and Apple has supported the concept since June 2014. http://bit.ly/29giiZj
Apple Store app offers Procreate Pocket
The Apple Store app for iPhone, which periodically rewards users with free app gifts, is now offering the iPhone "Pocket" version of drawing app Procreate for those who have the free Apple Store app until July 28. Users who have redeemed the offer by navigating to the "Stores" tab of the app and swiping past the "iPhone Upgrade Program" banner to the "Procreate" banner have noted that only the limited Pocket (iPhone) version of the app is available free, even if the Apple Store app is installed and the offer redeemed on an iPad. The Pocket version currently sells for $3 on the iOS App Store. [32.4MB]
Porsche adds CarPlay to 2017 Panamera
Porsche has added a fifth model of vehicle to its CarPlay-supported lineup, announcing that the 2017 Panamera -- which will arrive in the US in January -- will include Apple's infotainment technology, and be seen on a giant 12.3-inch touchscreen as part of an all-new Porsche Communication Management system. The luxury sedan starts at $99,900 for the 4S model, and scales up to the Panamera Turbo, which sells for $146,900. Other vehicles that currently support CarPlay include the 2016 911 and the 2017 models of Macan, 718 Boxster, and 718 Cayman. The company did not mention support for Google's corresponding Android Auto in its announcement. http://bit.ly/295ZQ94
Apple employees testing wheelchair features
New features included in the forthcoming watchOS 3 are being tested by Apple retail store employees, including a new activity-tracking feature that has been designed with wheelchair users in mind. The move is slightly unusual in that, while retail employees have previously been used to test pre-release versions of OS X and iOS, this marks the first time they've been included in the otherwise developer-only watchOS betas. The company is said to have gone to great lengths to modify the activity tracker for wheelchair users, including changing the "time to stand" notification to "time to roll" and including two wheelchair-centric workout apps. http://bit.ly/2955JDa
SanDisk reveals two 256GB microSDXC cards
SanDisk has introduced two 256GB microSDXC cards. Arriving in August for $150, the Ultra microSDXC UHS-I Premium Edition card offers transfer speeds of up to 95MB/s for reading data. The Extreme microSDXC UHS-I card can read at a fast 100MB/s and write at up to 90MB/s, and will be shipping sometime in the fourth quarter for $200. http://bit.ly/294Q1If
Apple's third-quarter results due July 26
Apple has advised it will be issuing its third-quarter results on July 26, with a conference call to answer investor and analyst queries about the earnings set to take place later that day. The stream of the call will go live at 2pm PT (5pm ET) via Apple's investor site, with the results themselves expected to be released roughly 30 minutes before the call commences. Apple's guidance for the quarter put revenue at between $41 billion and $43 billion. http://apple.co/1oi1Pbm
Twitter stickers slowly roll out to users
Twitter has introduced "stickers," allowing users to add extra graphical elements to their photos before uploading them to the micro-blogging service. A library of hundreds of accessories, props, and emoji will be available to use as stickers, which can be resized, rotated, and placed anywhere on the photograph. Images with stickers will also become searchable with viewers able to select a sticker to see how others use the same graphic in their own posts. Twitter advises stickers will be rolling out to users over the next few weeks, and will work on both the mobile apps and through the browser. http://bit.ly/29bbwUE