Barnes & Noble's Q2 earnings reveal Nook to be a $220 million business, Nook Tablet said to be fastest-selling yet

Barnes & Noble's second quarter earnings weren't all good news for the company -- it reported a net loss of $6.6 million and an ever-so-slight dip in total sales from $1.90 billion to $1.89 billion -- but it did have a fair bit to boast about on the technology side of things. Sales on its B&N.com website increased 17 percent year-over-year, totaling $206 million for the quarter, and the value of the company's Nook business (including devices and content) now stands at $220 million, up a full 85 percent. The company also revealed that its new Nook Tablet has been the fastest-selling Nook device to date, although it's not providing any specific sales numbers, noting only that it expects to sell "millions of devices" during its third quarter. Additional figures can be found at the source link below.

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Barnes & Noble's Q2 earnings reveal Nook to be a $220 million business, Nook Tablet said to be fastest-selling yet originally appeared on Engadget on Thu, 01 Dec 2011 14:06:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2011/12/01/barnes-and-nobles-q2-earnings-reveal-nook-to-be-a-220-million-bu/

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