Correct. As half (or more) of the magazine is product based - and there are few new products - it's barely changed since the previous magalogue.
It would have been interesting to see and read about the inclusion of B&O products in other areas - B&O products in hotels. Perhaps a different hotel featured with each magalogue? Why not an editorial piece on B&O products with a real-life customer? Show how the customer has linked the products, how they've included them in a new home design etc etc. Again, a feature per magalogue.