Quote:
Originally Posted by Nate the great
They ripped you off, yes. Congrats.
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It's publicly available info so they are not ripping me off.
Just thought they would write a more accurate article.
Quote:
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In 2011 the company lost 209 million, in 2012 they lost 261 million and in 2013 they increased the losses to 475 million.
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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?
NOOK
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.