Barnes & Noble Nook Sales Are Down 50% But A New Nook Color Is Coming This Year

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Barnes & Noble Nook Sales Are Down 50% But A New Nook Color Is Coming This Year

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Barnes & Noble Nook Sales Are Down 50% But A New Nook Color Is Coming This Year

by Wochit 0:48 mins

Barnes & Noble Nook Sales Are Down 50% But A New Nook Color Is Coming This Year

by Wochit 0:48 mins

In its most recent financial quarter Barnes and Noble’s Nook business saw a 50.4% decrease in revenue and 58.2% decrease in device sales over the previous year. In fact, in today’s statement announcing the company’s 2014 third fiscal quarter results, the CEO states a new Nook Color is still in the works. Michael P. Huseby, Chief Executive Officer of Barnes Noble Incorporated, said “The Company is actively engaged in discussions with several world-class hardware partners related to device development as well as content packaging and distribution. As a result, we plan to launch a new NOOK color device in early fiscal 2015.”

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