Best Buy CEO says tablet sales are ‘crashing’ – Re/code

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Best Buy CEOBest Buy Co Inc Chief Hubert Joly said tablets sales were “crashing” and the PC business seeing a revival in sales, according the website, Re/code.

The .S. smartphone has also grown mature, Joly also said, according the website.

Best Buy had earlier warned that same-store sales could fall this quarter and the next lower demand for many consumer electronics.

Joly attributed the PC revival during the first quarter partly Microsoft Corp stopping for the older Windows XP operating system, the website said. [eap_ad_2] “The tablets boomed and now are crashing. The volume has really gone down in the last several months,” Re/code quoted Joly as saying in an interview.

“… I think the laptop has something a revival because ’s becoming versatile.”

Joly has removed layers , eliminated hundreds jobs, closed unprofitable stores and boosted Best Buy’s cash reserves in efforts to stem sales declines since joining in the fall 2012. (Reuters)[eap_ad_3]