nook tabletWhile the holiday has traditionally been a good season for e-readers, Barnes & Noble’s Nook didn’t quite feel the Christmas cheer. In fact, quite the opposite.

Revenues from B&N’s Nook segment were $125 million for the holiday period, down 60.5 percent from the same time last year, the company reported today. Device and accessories sales dropped 66.7 percent year over year to $88.7 million, while digital content sales dropped 27.3 percent to $36.5 million.

“Sales in the NOOK segment declined year-over-year largely because during the previous holiday season the company introduced two new tablet products, while no new tablets were introduced this year,” Barnes and Noble CEO Michael Huseby said in a press release. “Instead, we executed our plan to sell through our existing high-quality devices.”

That’s bad news, especially considering that Amazon had a gangbusters holiday, complete with the launch of the Kindle Fire HDX, which garnered positive reviews.

The news comes after the bookseller finally announced the appointment of Huseby, who was its CFO, as its new CEO. William Lynch, the company’s previous CEO, suddenly resigned in July, and the company has been operating without a replacement chief executive for the past 6 months. It seems that may have had something to do with the company’s stumble on new Nook models.

Microsoft made a $300 million investment in the Nook in 2012, but it seems that investment may not be paying off in the way that the Redmond-based tech giant would want, especially given that Barnes & Noble still hasn’t managed to release a Nook app for Windows Phone, something that was a part of the two companies’ original agreement.

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  • Out For Justice

    It would make more sense to create an iPad Barnes & Noble (Nook) application. Microsoft is stonewalling this company. First they sue them to lower the price MSFT pays for investing in Barnes & Noble, then they require that they create a Nook application for a horrible platform (the bloatware surface…).

    • DaMarico Fowler

      You do know they have both Android and iPad apps right?

      • Out For Justice

        Good point, I should get my facts straight before posting.

        • DaMarico Fowler

          Outside of the Nook devices, the Nook apps haven’t been talked about much.

  • DaMarico Fowler

    I really feel the moment the Nexus 7 hit Barnes and Noble’s Nook was going to have trouble. The Nook is not a big part of the e-Book conversation; Amazon has sucked the air out for many. Another issue is simply that Books have simply become another commodity

  • twitchy

    If they’d dump the B&N operating system and go pure android they might sell some tablets. First thing I did with my B&N tablets was use and convert.

    • DaMarico Fowler

      The Nook OS is Android just customized; also Nook devices do have access to the Google Play store.

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