Best Buy has just reported its second quarter sales and earnings. Sales declined 3% and earnings declined 90%. Lack of interest in large television sets, reduced interest in tablets and phones were cited as some of the reasons the results were so weak. Looking ahead, management is optimistic that introductions this fall of Windows 8, new tablets, new smart phones, new games and new readers will generate more consumer interest and traffic in the Best Buy stores. It should translate into higher revenues.
via www.forbes.com
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