This week, representatives from Barnes & Noble announced intentions to keep production of Nook HD tablet series with full-color displays, as well as readiness to release at least one new model for the Christmas vacation. The company will continue to develop tablets and devices for reading electronic books.
In the past quarter Nook Media revenue decreased by 20% and losses decreased to $ 55 million as the company as a whole has reduced its revenue by 8.5% to $ 1.33 billion, and net loss for the year increased to $ 39.8 million up to $ 87 million Barnes & Noble representatives said the company is looking for innovative ways to sell digital content to its customers, as well as exploring the possibility of entering new markets.