Best Buy Seeing Lower Profits from HDTVs

Best Buy said in its third quarter earnings report this week that average selling prices for LCD flat-panel displays were down 25 percent year-over-year and plasma ASPs were down 30 percent from last year, both of which combined with aggressive promotional pricing led to lower profits for the retail giant. TWICE has the full story, which is an interesting read if you're at all interested in the business of retail consumer electronics.