Barnes & Noble Expects $1 Billion In Digital Book Sales By 2013

Posted Sep 17, 2010

Barnes & Noble, Inc. (NYSE:BKS) expects to hit $1 billion in revenue from sales of digital books by 2013. B&N hopes to hit a 25% market share in the e-book market by then, according to CEO William Lynch. B&N’s revenue from their digital division totaled $144 million in Q1 of 2011. B&N reported $1.4 billion in revenue for this quarter. This include sales from the Nook e-book reading device and the company’s 717 physical stores. [PCWorld]