Best Buy CEO: iPad Is Cannibalizing Laptop Sales By A Shocking 50%

Jay Yarow - Business Insider

PublishedSeptember 16, 2010

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The CEO of Best Buy just said the iPad is cannibalizing 50% of the company's laptop sales, the Wall Street Journal reports.

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When consumers walk into Best Buy now, they don't look at or want laptops, instead they're drawn to the iPad. "People are willing to disproportionately spend for these devices because they are becoming so important to their lives," says CEO Brian Dun.

Bad news for Dell, HP, Acer, and Microsoft.