Talking to the WSJ, Best Buy CEO Brian Dunn said that the iPad had eaten up Notebook sales by up to 50%:
Mr. Dunn also said internal estimates showed that the iPad had cannibalized sales from laptop PCs by as much as 50%.
“It’s a very different environment now,” said Stephen Baker, the chief electronics analyst for market researcher NPD Group Inc. “The real cool stuff now will be the tablets, e-readers and probably the higher-end digital cameras.”
The article is about how handheld gadgets are gaining dominance over the usual appliances like TVs and computers, of which the iPad, e-readers, and smartphones are the perfect example.
It appears Best Buy is doing well with the trend, with Q2 profits up 61%.