Barnes and Noble Posts Big Nook Loss

During the fourth quarter of fiscal year 2013, Barnes and Noble as a company suffered a net loss of $118.6 million, which is more than double what it lost in 2012. The Nook business, however, took an especially big hit, to the tune of $56 million this year alone, representing a 34% drop from Q4 2012. Device sales have dropped dramatically and fell in the fourth quarter by a whopping 8.9%. The future for the Nook — and the Barnes and Noble company as a player in the book sphere — is surely in doubt.