Quote:
Originally Posted by rcentros
Just curious where you got this figure.
I figured Nooks where on the way out but, apparently, the new CEO sees (at least) the possibility of making money with them. Maybe he's seeing something you an I aren't seeing. (For example, maybe Nook book sales have jumped with the Covid isolation.)
|
Their last full year financial statement.
The $92m full year number for hardware and software combined.
https://www.bloomberg.com/press-rele...ancial-results
From before the lockdowns, yes, but the lockdowns aren't boosting low single digits into even Kobo territory.
Remember, the BPHs get about 15-20% of their gross revenues from ebooks, so just their ebook sales add up $1-2B. And Nook's share is... barely noticeable.
ebooks are big business and Nook isn't.
What Daunt is seeing is that even a dead cat bounces higher.
Nothing can make it lower, short of closing Nook.
It's got to do better even if all they do is reassure people they're not closing.