Remember a couple of weeks ago when Best Buy CEO Brian Dunn said that the iPad had cut into netbook sales by as much as 50 percent? Then the next day he said the statements weren’t accurate? Today he tried to clarify his statement even more.
“I was brutally misquoted,” Dunn told reporters, including Fast Company. “Let’s try this again. What we saw was approximately 40% to 50% cannibalization on netbook sales during a very narrow window–not over a sustained period of time.”
Things didn’t get any better when Mike Vitelli, Best Buy president decided to add his two cents.
“If 100 people came and bought an iPad, what we saw was that 50 of them–and this is just compared with previous netbook trends in that store in that week–50 of those people were incremental, and there were 50 less netbooks sold versus if there were 1000. You follow me?”
The CEO and president of Best Buy go on to contradict themselves and confuse the reporters in attendance at the company’s holiday preview event.
Somebody needs to stop these guys from speaking publicly.
Hilarious! I love it.
It’s like a sick comedy show or something.
“You follow me?”
No, we don’t you incoherent boob…
This is why they work for Best Buy… coherence is not a prerequisite for upper management.
If I down 5 beers would i be able to understand what the hell they’re trying to say? 😮
I bet they were reel gud at that thar readin’ writin’ and rithmaticky.
Sad that hes still going on about this.
How successful must this chain be if it can survive witless management like this?
“So, see…if you divide the circumference of an iPad by the log of the price of a typical netbook, then we might see a 50% chance of rain tomorrow.”
No, but then you’d start talking like them.