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Barnes & Noble Reports Weak Nook Sales, But Says New Device Coming

Posted at 6:49AM Thursday 27 Feb 2014

Barnes & Noble's Nook division has a rough fiscal third quarter but the bookseller hopes to reverse the decline with the launch of a new Nook device.

The company reported on Wednesday that the Nook division saw sales drop 50.4 percent in the fiscal third quarter ended January 25, from $316 million last year to $156.9 million this time around.

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