Best Buy CEO Tempers IPhone Excitement
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Best Buy Co.’s message to investors is simple: Don’t get too excited about the next iPhone.
Throughout this year, the world’s largest electronics retailer blamed its prolonged sales slump on a lack of must-have gadgets, particularly phones. Chief Executive Officer Hubert Joly said in February that new devices from Apple Inc. could help the business. With the release of the iPhone 6 said to be just two weeks away, Joly is now tempering those expectations.