Despite reports that Apple Watch sales have been lukewarm, Apple CEO Tim Cook emphatically dismissed such claims during the company’s earnings conference call last week. Not only have Apple Watch sales exceeded Apple’s internal projections, but early sales of the device have already surpassed early iPhone and iPod sales. Show More Summary
The Internet of things is here, and both Best Buy and Flextronics are trying to adapt to this shift, their CEOs said onstage at Fortune’s Brainstorm Tech event in Aspen on Monday.Hubert Joly, Chairman and CEO of Best Buy, is taking a page from IBM and emphasizing services instead of just retail sales. He offered […]
Amazon's fabled CEO gives his recommendations for world's best business books and then I make fun of them.
Just a day after Apple CEO Tim Cook announced that MCX member Best Buy would begin accepting Apple Pay in stores later this year, MCX, the company behind Apple Pay competitor CurrentC, announced that current CEO Dekkers Davidson has left the company. Show More Summary
MCX, the merchant consortium behind the Apple Pay competitor known as CurrentC, has announced today that CEO Dekkers Davidson is being replaced by Brian Mooney. MCX has given Mooney the title of interim CEO, which makes it unclear as to whether the consortium is actively looking for another CEO to replace Dekkers Davidson or if Mooney […]
As of today, Best Buy customers can use Apple Pay on their iPhone 6 or 6+ to buy electronics online, with the physical stores to follow later this year, Apple CEO Tim Cook said on today's Apple earnings call and Best Buy confirmed. This is kind of a big deal. Show More Summary
Best Buy, one of the largest Apple Pay holdouts, is changing its mind. Apple CEO Tim Cook just announced during its earnings call that Best Buy stores will support Apple Pay later this year. The news comes only a few hours after we learned...Show More Summary
Apple CEO Tim Cook announced today during the company’s earnings call that Best Buy will gain support for Apple Pay in its iOS app today and will begin accepting it in retail stores later this year. Best Buy’s decision is big news because the electronics chain was previously part of the coalition of companies working on […]
During Apple's quarterly conference call for the second quarter of 2015, CEO Tim Cook announced big box electronics store Best Buy is now accepting Apple Pay through its app and will roll out in-store support later this year.
CEO Hubert Joly attributed the topline growth and margin improvements seen during the year to their investments in inventory availability, multi-channel execution and a more targeted marketing approach. However, industry and economic...Show More Summary
Consumers are shying away from tablets. Sales of the handheld devices have crashed 30% across the industry, Best Buy CEO Hubert Joly said on an earnings conference call. Best Buy's tablet sales declined less than the industry average, although the company declined to give specifics. Show More Summary
Shares of Best Buy are down by more than 9% in pre-market trading. In the electronics retailers' new holiday sales report, CEO Hubert Joly outlined a number of challenges the electronics retailer might face in 2015, including deflationary...Show More Summary
The holiday shopping season is again with us, and investors want to know which retailers are going to win or lose at the end of it all. On CNBC’s Street Signs, Staples, Inc. (NASDAQ:SPLS) co-founder and former CEO, Tom Stemberg, discussed some interesting names in the retail space. He looked at names such as Best […]
The wireless industry in the United States is in something of a transitional period. Things were fairly stagnant for quite some time and then T-Mobile rocked the industry last year, led by outspoken CEO John Legere and his “Uncarrier” initiatives. Show More Summary
The state of the tablet industry has not been promising lately. Over the last few months Apple reported slumping iPad sales, Best Buy’s CEO declared that tablet sales are “crashing,” and every analyst and pundit has been eager to declare … Read more ›
Alex Hawkinson, the CEO of SmartThings wasn't looking to sell his startup. But after Samsung approached him in May, it seemed like the best way to take advantage of the smart home opportunity. SmartThings CEO: We’re keeping the platform open after the Samsung buy originally published by Gigaom, © copyright 2014. Continue reading….
More and more people are relying on tablets for their day-to-day online activities and for a time, it seemed that they put an end to the era of laptops. Laptops, however, are making a comeback according to Best Buy CEO Hubert Joly. Joly said that tablet sales soared, but they are now crashing. The past
See the interview with Best Buy CEO Hubert Joly.
Steve Ballmer, best known for his long tenure as the CEO of Microsoft, is reportedly set to purchase the Los Angeles Clippers basketball team for $2 billion, according to the LA Times. Previously, he had been tipped to bid $1.8 billion...Show More Summary
Warren Buffett — the Oracle of Omaha and CEO of Berkshire Hathaway — is best known as an entrepreneur and value investor, whose philosophy of identifying undervalued stocks and buying and holding them for years has made him the second richest person on the planet, and for a while last decade, the very richest. Show More Summary