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In its most recent financial quarter Barnes and Noble’s Nook business saw a 50.4% decrease in revenue and 58.2% decrease in device sales over the previous year. In fact, in today’s statement announcing the company’s 2014 third fiscal quarter results, the CEO states a new Nook Color is still in the works. Michael P. Huseby, Chief Executive Officer of Barnes Noble Incorporated, said “The Company is actively engaged in discussions with several world-class hardware partners related to device development as well as content packaging and distribution. As a result, we plan to launch a new NOOK color device in early fiscal 2015.”

“Barnes & Noble Nook Sales Are Down 50% But A New Nook Color Is Coming This Year” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

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