waning

It seems unusual for giant electronics retailer to be waning, in the face of massive uptake of gadgets and all manner of emerging devices. What could possibly explain decline in the face of such a dramatic epoch. 

…Revenue in Best Buy’s fourth quarter, which ended Feb. 26, fell 2 percent to $16.26 billion from $16.55 billion. Revenue in the United States fell 4 percent to $12.1 billion. International revenue rose 4 percent to $4.1 billion.

New television technologies have not persuaded shoppers to pay for an upgrade in the United States. Revenue from television and entertainment hardware and software fell, partly offset by higher sales of tablet computers and mobile phones.

“Overall demand for key consumer electronics products was a challenge for the industry last year,” the chief executive, Brian J. Dunn, said in a statement.

via Best Buy’s Profit Fell 16%, but Topped Forecasts – NYTimes.com.

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