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2008’s projected revenue is expected to increase by 6.1%. This isn’t higher than 2007 but it is higher compared to other industries which are failing. Some items that are expected to see an increase are TV displays, gaming platforms, and next generation DVD players such as Blu-Ray and HD DVD (which Blu-Ray has won out over).
As stated before the consumer electronics industry is growing steadily and Best Buy has to compete with other companies to compensate for this growth. Right now Best Buy’s market share in the U.S. and Canada reach almost 20%. Circuit City is one of Best Buy’s main competitors in this industry...
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