Wednesday, June 20, 2012

Barnes & Noble Posts Loss; Nook Device Sales Fall -

Big challenges for B&N -- before the next wave of Kindle devices arrives
"Barnes & Noble said that it continued to maintain its healthy e-book market share in the U.S. of 25% to 30% during the quarter. But Nook device sales declined in the fourth quarter in part because of higher third-party retailer returns and lower average selling prices. Overall, the digital business reported a loss, before interest, taxes, depreciation and amortization of $77 million for the quarter, widening from the loss of $47 million in the year-earlier quarter.
Although Barnes & Noble earlier projected $1.5 billion in gross digital sales for the full year ended April 28, it reported only $1.3 billion—a $200 million shortfall."
Barnes & Noble Posts Loss; Nook Device Sales Fall - "
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