Barnes & Noble released their FY2010 financial reports today. Income is up (good), they posted a small loss (not so good), and here's the kicker:
"In fact, in just a brief 12 months since we launched the Barnes and Noble ebookstore, our share of the digital market already exceeds our share of the retail book market," said William Lynch, chief executive officer of Barnes & Noble, Inc.
I'm not surprised. When it comes to paper, B&N is getting their buts handed to them by internet retailers like Amazon. B&N can't cut prices or increase in-store selection to match Amazon. But when it comes to ebooks, B&N is on a level playing field.