Mobile Minutes: Best Buy, tablet slump, lost mcommerce sales, Nokia
By Staff reports
January 21, 2014
Hurt by slower sales of smartphones, Best Buy has bleak holiday results
A slowing smartphone market and aggressive price-cutting by competitors have struck at the heart of Best Buy, the large electronics retailer, per The New York Times.
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“UK tablet market to slump in 2014”
Tablet PC sales in the UK are expected to decline in 2014, while the market “takes a breather” from its massive peak, but Britain’s love affair with the iPad is not over yet, according to The Telegraph.
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UK retailers miss out on 1.5 billion pounds in mcommerce
According to industry data published last week, one sector where there was a clear growth during the holiday season was the online sales of non-food products, which grew 19.2 percent, the highest growth in the past four years. Data published by IMRG shows an 18 percent year-on-year growth, with British consumers spending 11 billion pounds online in December 2013, up from 9 billion pounds spend in December 2012, FashionUnited reports.
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Nokia said to near CEO pick for future beyond handsets
Nokia Oyj, seeking a successor to former Chief Executive Officer Stephen Elop, is focusing on insiders including Rajeev Suri as it narrows a months-long search for a manager to set a new strategy at the wireless-technology company, according to people familiar with the matter, per Bloomberg.
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