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Barnes & Noble’s Nook business falls more than 32%

nook tabletBarnes & Noble’s Nook business continues to battle in its competitors with Amazon, with revenues within the phase declining more than 32 p.c within the firm’s most up-to-date quarter, according to numbers released this morning.

The corporate mentioned income in its Nook business, together with Nook gadgets and e-books, was $109 million within the quarter ended Oct. 26, in contrast with more than $160 million a 12 months in the past. Gross sales of Nook tablets, e-readers and equipment took the most important hit, falling more than 41 p.c to $51 million for the quarter.

Barnes & Noble final 12 months introduced in Microsoft as an investor and at one level thought-about spinning off the Nook business, though that plan has since been canceled amid broader turmoil on the bookseller. The corporate has mentioned it’s reconsidering the way forward for its Nook pill business and focusing for now on customary e-readers.

General revenues at Barnes & Noble, together with gross sales on the firm’s bodily shops, fell 8 p.c to $1.7 billion within the quarter, and earnings earlier than sure fees elevated 13.7 p.c to $76 million.

Barnes & Noble earlier this week announced the expanded availability of its Nook app for Microsoft’s Home windows 8.1 working system to more international locations around the globe. Microsoft invested $300 million for a 17.6 p.c stake within the Nook business, however outcomes from the partnership between the businesses have been minimal.

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