B&N Reports Nook Revenues Are Flat On The Year, Expects To Close $300M Partnership With Microsoft This Fall

Barnes & Noble just released its 2013 first quarter financial results. The company's Nook business continues to hold strong, accounting for 13% of its revenues last quarter. That's at the same level from last year. Despite what the company's CEO says below, the Nook business was essentially stagnant last quarter. B&N stated in the financial release that Nook device sales declined over the last quarter, noting lower average selling prices and production scaling issues for the Glowlight model as the chief causes. Nook revenues are flat on the year, with the company reporting $192M versus last year's Q1 $191M. That said, digital content sales -- digital books, digital newsstand and apps -- increased 46% during the last quarter.

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