Barnes & Noble Sells More Than 80% of Nooks In Stores
Last month, Barnes & Noble filed a proxy statement with the SEC and said that they are focused full force on their digital book business.
In the statement, B&N said that consumer spending on new physical books is expected to decline from $20.5 billion in 2009 to $19 billion in 2014 and that spending on digital books is expected to grow at a CAGR of 56.4%, from $365 million in 2009 to $3.4 billion in 2014.
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