Best Buy Still Leads Retail Market Share; Apple Store Gaining
Best Buy’s share of the U.S. specialty electronics market remains around one third, but Apple has gained into double digits for the first time. That’s according to data from Euromonitor International, as cited by MarketWatch.
The top five- Best Buy, Apple, RadioShack, hhgregg and Micro Electronics- remains intact from 2009 and 2011, but Best Buy’s share has slipped from 33.5 percent to 31.3 percent, with Apple jumping from 5.9 percent in 2009 to 10.8 percent in 2011 to 15 percent in 2013. RadioShack’s share has dropped from 5.5 in ’09 to 4.5 percent four years later.