Originally posted on Gigaom:
It appears that there were not many Nooks under Christmas trees this year. Barnes & Noble's beleaguered line of Nook tablets and e-readers had a terrible fourth quarter. On Thursday, the company announced that Nook revenue was down 55 percent from the year-ago period.
Nook revenue doesn't just include Nook hardware - it also includes digital content and accessories. Device and accessory sales were down a whopping 68 percent from last year to $56 million in the most recent quarter. Sales of ebooks and digital audiobooks (only) dropped 25 percent to $27.4 million.
In 2014, [company]Barnes & Noble[/company] changed its Nook hardware strategy. Previously, Nooks were unique Android-based tablets that were specifically designed for Barnes & Noble. But the Nook launched last year was merely a re-branded and slightly skinned version of one of Samsung's Galaxy Tab tablets, which allow users to install the Kindle app as well as other apps for...
View original 102 more words
