Originally Posted by Nate the great
They ripped you off, yes. Congrats.
It's publicly available info so they are not ripping me off.
Just thought they would write a more accurate article.
In 2011 the company lost 209 million, in 2012 they lost 261 million and in 2013 they increased the losses to 475 million.
2011 fiscal year (ending on April 30 2011) is different from in 2011
With the new info added that was just released yesterday.
Year ending April 30 2010 NOOK EBITA: ?
Year ending April 30 2011 NOOK EBITA: (209 million USD) ---fiscal year 2011
Year ending April 30 2012 NOOK EBITA: (261 million USD) ---fiscal year 2012
Year ending April 30 2013 NOOK EBITA: (475 million USD) ---fiscal year 2013
Quarter ending on July 27, 2013 NOOK EBITA: (55 million USD)
Quarter ending on October 26, 2013 NOOK EBITA (45 million USD)
Quarter ending on January 25, 2014 NOOK EBITA (62 million USD)
With 1 more quarter to go, fiscal year 2014 is at 55+45+62 = (162 million)
Here's the Nook dilemma:
Without new tablets/ereaders to sell, their ebook sales decreases.
But if they make more tablets/ereaders, they will just lose more money.
Is there anyway for B&N to fix this problem?
The NOOK segment (including digital content, devices and accessories) had revenues of $157 million for the quarter, decreasing 50.4% from a year ago. Device and accessories sales were $100 million for the quarter, a decrease of 58.2% from a year ago, due to lower unit selling volume and lower average selling prices. Digital content sales were $57 million for the quarter, a decline of 26.5% compared to a year ago, due primarily to lower device unit sales.
Their digital content sales (mostly ebooks) dropped 26.5% due primarily to lower Nook devices sales.