Meanwhile, Best Buy's push into services and its increasing assortment of smart-home devices—which are now in one out of four U.S. households with broadband Internet, according to researcher Parks Associates—have helped sustain the turnaround plan that CEO Hubert Joly began six years ago. Networked devices like door locks and cameras were among the best-selling items for Best Buy over the holidays, along with appliances, video games and wearable devices such as activity trackers.
From the article "Best Buy sees growth thanks in part to connected devices."
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The experimentation with business models can help draw new subs and provide a point of differentiation, added Brett Sappington, senior director of research at Parks Associates . He said three SVoD...
