Barnes & Noble's Nook business seems to be on life support.
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. Despite the revenue drop, the Nook business saw an improvement in its earnings, jumping 67.5 percent from a loss of $190.4 million in last year's third fiscal quarter to a loss of $61.8 million during its most recent period.
The chief culprit in the Nook decline was hardware itself. … Read more