Barnes & Noble Nook business up 140 percent
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E-readers have taken off over the last year. The Kindle by Amazon has sold extremely well (sales numbers have not been released) and Barnes and Noble are doing extremely well with their version, the Nook, as well. In fact, while their overall store sales fell 3%, their Nook hardware and software sales have boomed to over 140% in the same period. Even so, Amazon is claiming to own up to 80% of the e-reader share which may be inflated as Apple is in there somewhere with their iBooks app.
But the company’s Nook operation, led by its Nook Color, changed everything for Barnes & Noble. The company reported that its Nook business, which includes hardware and digital-content sales, grew 140 percent during the period to $277 million.
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