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Barnes & Noble (BKS) warns it expects FY13 (ends in April) Nook Media revenue to be below...

Barnes & Noble (BKS) warns it expects FY13 (ends in April) Nook Media revenue to be below prior guidance of $3B. Also, the division's EBITDA loss is now expected to be above FY12 levels - prior guidance was for a comparable loss. Last month, BKS reported a 12.6% Y/Y drop in Nook division sales for the holiday season, and IDC estimated the company's Q4 tablet share fell nearly 60% Y/Y to a mere 1.9%. Shares -4.2% AH. FQ3 results are due on Feb. 28.
Comments (2)
  • Nice products, though the content is a bit too locked down for many end users. There is also much more competition in the tablet space.
    13 Feb 2013, 09:54 PM Reply Like
  • BN can not compete successfully with Amazon, Apple and other tablet makers. Their physical store footprint days are indeed numbered. If they are lucky, they'll survive as an online company.
    13 Feb 2013, 11:53 PM Reply Like
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