A statement just released by Best Buy indicates an earlier report in the Wall Street Journal, with a quote from Best Buy CEO Brian Dunn about declining netbook/notebook sales, was “grossly exaggerated”.
From the statement:
“The reports of the demise of these devices are grossly exaggerated,” Dunn said. “While they were fueled in part by a comment in the Wall Street Journal that was attributed to me, they are not an accurate depiction of what we’re currently seeing. In fact, we see some shifts in consumption patterns, with tablet sales being an incremental opportunity. And as we said during our recent earnings call, we believe computers will remain a very popular gift this holiday because of the very distinct and desirable benefits they offer consumers. That’s why we intend to carry a broad selection of computing products and accessories to address the demand we anticipate this season.”
Though Best Buy’s CEO seems to want to temper an earlier sentiment about notebooks in general, there is some truth about the iPad’s influence over some portable device sales. According to Morgan Stanley analyst Katy Huberty, the notebook market has seen a steady decline in sales ever since the iPad was announced in early 2010.
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