Barnes and Noble e-reader and e-book sales down 31.9%
- 8 years ago
Barnes and Noble has just released their latest financial results and the news is dire.
The bookseller has reported that Nook e-reader, tablet and e-book sales have fallen 31.9% from the same period last year.
What is most disturbing is that in the past they reported hardware and digital sales separately, but are now combining the figures.
The entire Nook division managed to generate $43.5 million dollars and this was primarily due to less people buying e-books.
NOOK EBITDA losses of $21.3 million declined $15.1 million versus the prior year as the company continues to reduce expenses.
One of the reasons why Nook e-book sales are down is because the only new hardware that the company has consistently released are tablets.
The bookseller has reported that Nook e-reader, tablet and e-book sales have fallen 31.9% from the same period last year.
What is most disturbing is that in the past they reported hardware and digital sales separately, but are now combining the figures.
The entire Nook division managed to generate $43.5 million dollars and this was primarily due to less people buying e-books.
NOOK EBITDA losses of $21.3 million declined $15.1 million versus the prior year as the company continues to reduce expenses.
One of the reasons why Nook e-book sales are down is because the only new hardware that the company has consistently released are tablets.