Sunday, October 26, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Panasonic to Offload Sanyo's North America TV Business
Google's Pichai to Become Head of Product at Google: report
Internet Explorer 11 Toolkit Allows Enterprise Admins "Spy" On Their Employees
FCC Says Airwave Auction To Delay Until 2016
HP Broadens Moonshot Portfolio With Intel-powered Models
Microsoft To Keep Nokia Brand For Low-end Smartphones
LG Introduces Its First Octa-Core Application Processor
Cloud and Surface 3 Drive Microsoft's Revenue
Active Discussions
Copied dvd's say blank in computer only
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
 Home > News > PC Parts > Barnes ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, February 26, 2014
Barnes & Noble Reports Weak Nook Sales, But Says New Device Coming


Barnes & Noble's Nook division has a rough fiscal third quarter but the bookseller hopes to reverse the decline with the launch of a new Nook device.

The company reported on Wednesday that the Nook division saw sales drop 50.4 percent in the fiscal third quarter ended January 25, from $316 million last year to $156.9 million this time around. Nook business saw an improvement in its earnings, jumping 67.5 percent from a loss of $190.4 million in last year's third fiscal quarter to a loss of $61.8 million during its most recent period.

Sales of tablets and e-readers returned $100 million to the company during the period, dropping 58.2 percent compared to the prior year. Digital content sales were down 26.5 percent.

However, newly appointed CEO Michael P. Huseby said the company is committed to its e-readers and taking steps to reverse the sales decline.

"The company is actively engaged in discussions with several world-class hardware partners related to device development as well as content packaging and distribution," said Huseby in a statement. "As a result, we plan to launch a new NOOK color device in early fiscal 2015."

Looking ahead, Barnes & Noble indicated that it reduced staff levels in the Nook business just after the quarter ended and that "these ongoing efforts may involve additional actions."




Previous
Next
Millions Of Stolen Credentials Available For Sale        All News        Smartphone Growth Expected to Slow by 2017
Thermaltake Introduces New Toughpower Gold Series Power Supply Units     PC Parts News      Apricorn Unveils Crush Resistant Encrypted SSD

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung's Nook Tablet Now Available With Large Screen
Samsung and Barnes & Noble Introduce Samsung Galaxy Tab 4 NOOK
Barnes & Noble, Samsung To unveil Galaxy Tab 4 Nook on August 20
Barnes & Noble to Separate Retail and NOOK Media Businesses
Samsung and Barnes & Noble to Create Co-Branded Tablets
New Nook GlowLight e-reader Available For $119
New Lower Prices for NOOK HD and NOOK HD+ Tablets in the UK
Barnes & Noble Exits The Tablet Market
Special Mother's Day Prices For NOOK Tablets
B&N Adds Google Play App Store to its Nook HD Tablets
Barnes & Noble Offers Free NOOK Simple Touch With Every NOOK HD+ Tablet
New Studio Partnerships For NOOK Video

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .