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Thursday, 6 September 2012 - Kobo to launch new tablet device, more compact e-reader |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Breakingviews Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Bill Clinton basks in spotlight, gives rousing defense of Obama | 3:38am EDT Analysis: Clinton shows he is Obama's most valuable weapon 2:17am EDT Powerful quake hits Costa Rica, two dead | 05 Sep 2012 Judge upholds Arizona "show-your-papers" measure in mixed ruling 1:17am EDT REFILE-UPDATE 1-Bank manager kidnapped, forced to rob Los Angeles bank 05 Sep 2012 Discussed 155 Exclusive: Pentagon threatens legal action over bin Laden book 132 Romney tells voters to move on from Obama disappointment 81 Obama, Democrats to make their case as convention opens Sponsored Links Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption  Profile: Bill Clinton Former President Bill Clinton will speak at the Democratic National Convention.  Slideshow  Inside Quebec A look inside Canada's French-speaking province.  Slideshow  Kobo to launch new tablet device, more compact e-reader Tweet Share this Email Print Related News New Windows phones from Nokia disappoint investors Wed, Sep 5 2012 Amazon and Epix strike movie deal; Netflix shares drop Tue, Sep 4 2012 From smart to genius: will design define future gadgets? Fri, Aug 31 2012 Exclusive: Amazon teams with Nokia, snubs Google for maps - sources Thu, Aug 30 2012 Amazon says Kindle Fire has sold out Thu, Aug 30 2012 Analysis & Opinion Fifty shades of pop porn Related Topics Tech » Media » iPad » By Euan Rocha TORONTO | Thu Sep 6, 2012 1:20am EDT TORONTO (Reuters) - Kobo is launching a new tablet device and a more compact e-reader as it seeks to expand its market share and battle with Apple Inc and Amazon.com Inc in the ultra-competitive mobile device marketplace. Toronto-based Kobo, owned by Rakuten Inc, Japan's top e-commerce operator, will launch the new devices in the next two months, as Amazon -- the world's largest Internet retailer -- reportedly prepares to unveil a new tablet, along with an update of its popular Kindle e-reader. Kobo, which has e-reading applications for the iPad, iPhone, BlackBerry and other devices, will name its tablet device 'Kobo Arc'. It will come in an 8 gigabyte version priced at $200 and a 16 gigabyte version priced at $250, Chief Executive Mike Serbinis said in an interview. The 7-inch Android-based devices will come with high definition displays, front-facing cameras and 1.5 gigahertz dual-core processors. The company is also launching a new e-reader dubbed the 'Kobo Mini', a pocket-sized 5-inch device which will come with an e-ink touchscreen and 2 gigabytes of storage. Books, newspapers and magazines can be downloaded onto the $80 device via a wi-fi or micro USB connection. Kobo is also launching an improved version of its flagship e-reader that will be called the 'Kobo Glo', a new 6-inch e-ink touchscreen device that will come with an adjustable front light. The Kobo Glo, priced at $130, also comes with 2 GB of memory and the option to expand this capacity by using a micro SD card. "The devices will start hitting shelves in early October. Mini and Glo - the two devices that are e-ink readers will come out first," Serbinis said. "The Kobo Arc, our new Android-based tablet, will come out in November." The devices will all be unveiled at an event in Toronto on Thursday. TOUGH BATTLE Kobo is competing for market share against devices from technology giants like Amazon, Apple and Google Inc. Apple's iPad is the current gold-standard in the crowded tablet arena, and the firm is expected to soon unveil the long-awaited iPad mini. While Apple and Amazon use their online heft to sell their products and huge amounts of multimedia content, Kobo's rapid growth has been built by forming partnerships with local retailers in different countries, where it has focused on bibliophiles. "There are players in the market -- Amazon being one of them -- that have Apple envy and they are going after this general purpose tablet market. We remain focused on the book lover and are really making a bet on the book lover," said Serbinis. "It is certainly the road less traveled, but what we have proven having just crossed over 10 million readers across the world in a matter of 32 months is that we have a great solution for those book lovers." Unlike its bigger rivals, Kobo positions itself as the local option for users in every market in which it operates, by partnering with local bookstores that often market the device as their very own e-reading platform. The company suffered a major setback in the crucial U.S. market last year after Borders, its bookstore partner in the United States, went bankrupt. In a bid to revive growth in the U.S., Kobo last month announced that it has joined forces with the American Booksellers Association, which comprises nearly 2,000 independent stores. Serbinis said the company, which currently has market share in the low single digits in the e-book segment in the United States, is targeting market share of over 20 percent in the country. "Our overall objective is to be No. 1 in the world. That may sound preposterous today, but it sounded a lot more preposterous two and a half years ago when we first started. We have proven that we can be No. 1, as we are here in Canada or in France," he said. "It is going to take some time, but we are in this for the long haul." (Reporting by Euan Rocha; Editing by Daniel Magnowski) Tech Media iPad Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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