HASLOO BLOG
 

Thursday, November 29, 2012

Barnes & Noble reports Q2 2013 earnings: digital content sales up 38%, Nook unit rakes $160 million

0 comments


Barnes & Noble reports Q2 2013 earnings: digital content sales up 38%, Nook unit rakes $160 million
Nov 29th 2012, 14:24

Barnes & Noble reports Q2 2013 earnings digital content sales up 38%, Nook unit rakes $160 million
Barnes & Noble's Nook unit didn't have its greatest quarter. The $160 million in revenue the new Microsoft-backed spin off raked in was slightly better than last year's $152 million, but still a significant drop from $220 million. In a sign of the growing ubiquity of e-readers however, digital content sales were up 38 percent while the units overall revenue was up just 6 percent. Of course the Nook is still losing money, having cut $51 million from the company's bottom line. If you step outside of the digital realm things are looking slightly better for the book purveyor, as profits were up to $65 million -- a 15.6 percent increase over the same time period last year. As we enter the holiday season things should start to look up for B&N and there were good signs during the four day shop-stravaganza from Black Friday to Cyber Monday as sales of Nook hardware doubled from last year. For all the fun financial details hit up the source.
Continue reading Barnes & Noble reports Q2 2013 earnings: digital content sales up 38%, Nook unit rakes $160 million


No comments:

Post a Comment

About the Author

Image result for mario garcia philippines

Written by Hasloo Network staff.