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Best Buy sees large dump in TV sales, eases suffering with brawny mobile income
Best Buy’s batch took a 14.8 percent beating today on headlines that it earned $217 million in the third quarter — the 4.4 percent decline year over year — as well as felt constrained to revise its fourth entertain forecast downwards. The reason? Seems folks have been holding off upon shopping televisions in a big approach: a company suffered a “low-double number’ decline in boob tube sales, even worse than an attention normal in a single digits, that would suggest that 2010′s 3D revolution hasn’t captivated the kind of consumer courtesy manufacturers (and content providers) would’ve liked. If there’s the silver lining, it’s that double digit increases in phone sales — total with a singular digit boost in tablets and associated mobile devices (read: iPads) — helped to offset a TV decrease. Of course, we’re certain people will need brand-new LCDs as well as plasmas in the future… but maybe it’s starting to have to wait for for 4K.