Barnes & Noble report record Nook sales

Barnes and Noble reported a record holiday season for sales of their Nook products. NOOK sales, including NOOK Simple Touch™, NOOK Color™ and the new NOOK Tablet™, increased 70% over the last year during the holiday. The NOOK tablet fared well in the tablet war.

“We see substantial value in what we’ve built with our NOOK business in only two years, and we believe it’s the right time to investigate our options to unlock that value,” said William Lynch, Chief Executive Officer of Barnes & Noble. “In NOOK, we’ve established one of the world’s best retail platforms for the sale of digital copyright content. We have a large and growing installed base of millions of satisfied customers buying digital content from us, and we have a NOOK business that’s growing rapidly year-over-year and should be approximately $1.5 billion in comparable sales this fiscal year. Between continued projected growth in the U.S., and the opportunity for NOOK internationally in the next 12 months, we expect the business to continue to scale rapidly for the foreseeable future.”