Best Buy

Best Buy Appoints New CEO, President, and Executive Chairman

By CE Pro Editors · April 15, 2019 • Best Buy has announced Corie Barry as its new CEO, Mike Mohan as president and COO, and Hubert Joly as executive chairman of the board.

Best Buy Hits 1M Subscribers for $199 Total Tech Support Program

By Jason Knott · February 28, 2019 • Best Buy passes 1 million members for annual $199 Total Tech Support service in less than one year. BBY stock price skyrockets 17%.

Smart Home, Consumer Electronics Stock Prices Tank in 2018

By Jason Knott · January 2, 2019 • Stock prices for public companies in the smart home, consumer electronics, IoT and custom integration markets drop 19% on average in 2018. Sonos, ADT IPOs skid downward.

Top 2018 Home Tech Mergers & Acquisitions: IoT, Security, Smart Home, A/V, CE

By Julie Jacobson · December 31, 2018 • 2018 was big for mergers, acquisitions, IPOs, spinoffs, and other transactions in home electronics, including IoT, smart home, lighting, security, audio/video, wellness and the installer channel.

Best Buy to Focus on Total Tech Support as ‘Giftable’ Holiday Item

By Jason Knott · November 21, 2018 • Best Buy reports strong Q3 revenues and ups forecasts for 2019. In-Home Advisors and Total Tech Support programs will spur growth.

Best Buy and Vivint Part Ways, Will No Longer Sell Co-Branded Smart Home Products

By CE Pro Editors · August 29, 2018 • Best Buy and Vivint have decided to stop selling the 'Best Buy Smart Home by Vivint' line of products, according to a recent quarterly earnings report.

Best Buy to Acquire Emergency Response Company GreatCall for $800M

By CE Pro Editors · August 17, 2018 • Best Buy may be looking to expand its RMR after acquiring personal emergy response company GreatCall, which currently has over 900,000 paying subscribers.

Sonos IPO Sets Share Price at $17 to $19

By Jason Knott · July 23, 2018 • Sonos will offer 13.9 million shares at $17 to $19 per share to raise $263M when it goes public.

Best Buy’s Geek Squad Rolls Out $200 Total Tech Support Nationwide

By Andrew Nichols · May 24, 2018 • A Total Tech Support membership features unlimited support from Geek Squad, including in-store repairs, appliance installation, and computer-setup.

Best Buy Smashes Q4 Revenues

By Jason Knott · March 1, 2018 • Best Buy's Q4 revenue grows 9% to $15.3B. Fiscal year growth ends at 5.6% to $42B.

Top 5 Home Tech Trends for 2018: From Smart Home Services to ‘Chief Security Officers’

By Julie Jacobson · February 5, 2018 • Every year, CE Pro selects five home-technology trends and opportunities for pros who install audio, video, security and home automation systems. Voice control, virtual reality, 4K, smart home as a service (SHaaS), mass sensorization, high-resolution audio (HRA), IoT awareness …. . .

10 Indications 2018 Will be a Big Year for Smart Home Installations

By Julie Jacobson · December 29, 2017 • As smart-home products go mainstream, and IoT becomes ever more hyped and confusing, we should see more demand for professional installations.

Best Buy ‘Excited’ about In-Home Advisory Service for Holidays

By Jason Knott · November 17, 2017 • Best Buy reports Q3 domestic revenue growth of 3.6% to $8.5B, led by smart home. Touts in-home advisory service for holiday season.

Responding to ADT Lawsuit, Ring Refunds ‘Protect’ Pre-orders, Promises New Model

By Julie Jacobson · November 8, 2017 • Ring refunds preorders for Ring Protect, Best Buy pulls promos, smart home and security industries pray for ADT win in lawsuit claiming Ring stole IP from Zonoff, ADT’s development partner.

CEDIA Dealers Shouldn’t Trust Amazon as Smart-Home Partner, Says Industry Veteran

By Chuck Schneider · October 13, 2017 • Smart-home pros would be 'foolhardy' to trust Amazon's intentions in launching 'Custom Home Services' for CEDIA-certified installers.

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