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Nook Sales Flat, Digital Content Sales Up

Barnes & Noble reported Nook revenues at $192 million for the first quarter in its fiscal 2013 year, which is up only 1 percent from the same period last year. Device sales declined during the quarter.

Check it out: “Device sales declined for the quarter due to lower average selling prices and production scaling issues surrounding the popular newly launched GlowLight product resulting in unmet demand.┬áNOOK EBITDA losses increased by $6 million, from a loss of $51 million to a loss of $57 million, as a result of product markdowns on the recently announced NOOK price adjustments, as well as continued investments in the NOOK business.”

While device sales are slowing, the company saw a spike in digital content sales which increased 46 percent during the quarter. This includes sales from eBooks, digital magazines and apps.

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