Barnes and Noble has just released their latest quarterly figures and things are looking fairly bleak. The NOOK segment (including digital content, devices and accessories) had revenues of $70 million for the quarter, decreasing 54.3% from a year ago. Device and accessories sales were $18 million for the quarter, a decrease of 78.6% from a year ago, due to lower unit selling volume. Digital content sales were $52 million for the quarter, a decline of 24.2% compared to a year ago, due primarily to lower device unit sales.
One of the big reasons why Nook has declined so much over the last few months was primarily due to the summer months and people not making big investments in technology. Things may pickup for the seminal holiday season with he release of the brand new Samsung Galaxy Tab 4 Nook tablet.
Barnes and Noble is continuing its quest to officially separate the Nook division from their core bookstore business. This would make it easier for for an eventual sale. In a statement they said “In an effort to optimize the structure of the separation, the Company has been exploring various options and is in discussions with its NOOK Media partners to potentially restructure existing agreements; and with potential third-party partners. Such discussions could affect the structure and timing of the separation.”