Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 14 February 2013 10:35

Barnes and Noble loses cash on Nook

Written by Nick Farrell



Amazon rules supreme

Barnes & Noble has warned that its Nook business will post an increased full-year loss in fiscal 2013, indicating that the bookstore chain can’t really do e-books.

Barnes & Noble said it expects an earnings loss at the Nook business to exceed the $262 million loss recorded in fiscal 2012. Nook revenue this year is expected to be less than $3 billion, the company said in a statement. Barnes & Noble shares fell four percent on the back of the news, which seems to indicate that Amazon will be a winner of any publishing wars.

Until now Nook has been a revenue-driver since its launch in 2009, but product development and marketing costs have spiked and it has been more costly to chase Amazon. The company also reported weak holiday sales for the Nook in January as it sold fewer e-readers and tablets at its own stores.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments