“It still made $217 million in net income but saw its core home electronics business shed 10.6 percent of its revenue as it saw a low double-digit drop in TVs as well as matching home theaters and movies,” Electronista reports. “However, it saw a comparable increase in smartphones as well as a single-digit boost to notebooks, which it credited primarily to ‘strength in tablet computers.'”
Electronista reports, “The company wouldn’t mention the iPad by name but was selling Apple’s tablet almost exclusively for the three-month span.”
Read more in the full article here.
Best Buy’s earning press release is here.