Investors looked kindly Wednesday on the industry's attempts to relieve a pervasive overcapacity problem: computer makers face a double-digit decline in demand this year.
Best Buy said the TV softness was partially offset by a low double-digit comp stores increase in mobile phones, and a mid-single digit increase in mobile computing, as tablet computer sales were strong.
The company also saw a mid single-digit comp store sales decline in mobile computing due to a fall off notebook computer sales, in part reflecting a pick-up in tablet computer sales.