Super giant TVs are flying off store shelves [CNN]
Best Buy Co., Inc. (BBY)
Last best buy co., inc. earnings: 2/27 07:00 am
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Source: CNN
Televisions that measure 97 inches (and more) diagonally across – a.k.a. XXL TVs – are becoming a huge hit as the cost of giant screens sinks sharply, and viewers look to replace the screens they bought during the peak of the pandemic a few years ago. Sales of gigantic screens are a bright spot for the TV manufacturing industry, amid stagnant sales for the overall category, according to research firm Circana. Best Buy is adding XXL TVs to 70% of its 940 stores in the United States in response to demand from its customers, the country's largest electronics retailer recently announced. Because of improving technology and cheaper prices of components and manufacturing, prices for 98-inch TVs have fallen 53% compared to a year ago, a Circana spokesperson told CNN. Sales have soared 877% over the past year. By contrast, prices for televisions 75 inches through 96 inches have declined 6% with sales up just 19% this year. Ad Feedback Ultra-large televisions still aren't cheap: Man
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BBY
News
- Why Jim Cramer is nervous about Best Buy, plus a bright spot in this down market [MSNBC.com]MSNBC.com
- Best Buy Joins Tiger Woods' Indoor League, TGL, As Founding Partner [Forbes]Forbes
- Best Buy Co., Inc. (NYSE: BBY) had its price target lowered by analysts at Citigroup Inc. from $115.00 to $109.00. They now have a "buy" rating on the stock.MarketBeat
- Best Buy (BBY) Loses -9.37% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner [Yahoo! Finance]Yahoo! Finance
- Super giant TVs are flying off store shelves [Yahoo! Finance]Yahoo! Finance
BBY
Earnings
- 8/29/24 - Beat
BBY
Sec Filings
- 10/15/24 - Form 4
- 10/7/24 - Form 4
- 9/26/24 - Form 4
- BBY's page on the SEC website