Mobile Minutes: Best Buy, tablet slump, lost mcommerce sales, Nokia


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.
Click here to read more on The New York Times

“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.
Click here to read more on The Telegraph

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.
Click here to read more on FashionUnited

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.
Click here to read more on Bloomberg

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