Best Buy CEO Walks Back Netbook Comments
The CEO of Best Buy, who made news last week when he estimated that the iPad is cannibalizing up to 50 percent of notebook sales, walked back that estimate in a statement issued over the weekend.
"The reports of the demise of these devices are grossly exaggerated," CEO Brian Dunn said in the statement issued Friday. "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."
"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," Dunn concluded. "That's why we intend to carry a broad selection of computing products and accessories to address the demand we anticipate this season."