Barnes & Noble wants to offer more tablets after bad quarterly report

Barnes & Noble wants to offer more tablets after bad quarterly report
Recently, we heard a rumor that Barnes & Noble could be "moving away" from the Nook hardware, and the newest quarterly report from B&N is showing exactly why the company may be looking for a new direction. It was predicted to be a bad quarter for Barnes & Noble, and that's exactly what the company got. 

The company reported $2.2 billion in revenue, which marked an 8.8% decrease year-on-year. Digital sales were up almost 7%, but overall retail sales were down, and ultimately it added up to a net loss of $6.1 million. Nook sales were especially bad, with revenue from the Nook down 26% compared to Q4 of 2011. 

But, the company isn't looking to abandon Nook. On the topic, B&N said:
Given that stated desire to simply move away from Nook e-readers in favor of putting more resources into the Android-forked Nook tablets, it looks like Nook fans needn't worry too much.

source: B&N via The Verge


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