Barnes & Noble says a new tablet is coming, while Nook revenue falls
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Barnes & Noble says a new tablet is coming, while Nook revenue falls

nook tabletThe Nook could also be down, however Barnes & Noble says it isn’t out of the e-reader combat simply but.

In response to statements by firm CEO Michael Huseby made within the firm’s quarterly earnings release, Barnes & Noble is trying to companion with one other {hardware} producer to be able to create the subsequent technology of its tablet.

“The Firm is actively engaged in discussions with a number of world-class {hardware} companions associated to system growth in addition to content material packaging and distribution,” he stated.

Previously, Barnes & Noble selected to make the Nook itself, however the division was not too long ago struck with across-the-board layoffs that put 190 workers – 26 p.c of the Nook crew – out of labor.

Huseby clearly hopes that the new {hardware} will assist revitalize the Nook enterprise, which noticed system and equipment gross sales lower greater than 58 p.c from the year-ago quarter. Barnes & Noble stated that the Nook underperformed partly as a result of the corporate didn’t launch any new {hardware} merchandise in time for the vacations, which contributed to its weak gross sales.

In 2012, Microsoft paid $300 million for a 17.6 p.c stake in B&N’s Nook enterprise.

General, the corporate noticed its revenues decline 10.3 p.c year-over-year, although it reported a meager revenue of $63.2 million. Wall Avenue appears to be cautiously optimistic concerning the e book vendor’s probabilities, with shares of Barnes & Noble up greater than 4 p.c in buying and selling in the present day.

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