Saturday, December 1, 2012

Best Buy Expands Apple iPad Sales to All Stores

Best Buy (BBY) this afternoon announced it will expand sales of Apple’s (AAPL) iPad from the current 673 U.S. stores to all 1,093 stores, starting September 26th.

The announcement comes a week after Best Buy announced it would start selling Amazon’s (AMZN) Kindle e-book reader this fall at all its stores.

Shares of Best Buy spike this morning after the company reported fiscal Q2 profit per share comfortably ahead of estimates. In the report, Best Buy said a lack of iPads at the start of the quarter hurt the company’s overall mobile computing market share.

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