Nook Sales Down 20%, But More Are Coming

The bad news for the Nook continues to flow, but Barnes & Noble doesn’t seem to care. According to the company, the Nook’s revenue declined more than 20% to $153 million, and overall the company reported a net loss of $87 million. The bookseller said that the Nook revenue loses were due to “lower unit selling volume” as well as dwindling ebook sales. But the company is going to bulk up its line regardless, and stick with the Nook for the time being; their goal is to release one new Nook device by the holiday season. Whether it’s enough to bring the widely-regarded failure of a product back into relevancy will be important to watch.