Best Buy Shares Plunge - 3D & Internet TVs a Bust

[NJ5]

Raze said:

The issue is two-fold:

1. People don't want to wear 3D glasses in their living room. This is the very reason why 3D TV didn't happen sooner. 3D is a luxury for the theaters only, and only once in a while. When TVs come out that interpret the 3D graphics without the need for wearing glasses, people will warm up to the idea. Also, people are still or recently have bought HDTVs, and are reluctant to go out and make another big TV purchase anytime soon.

2. Most people have a device connecting their TV to the internet. Most people have a gaming console for themselves, or their kids, etc. Each of the 3 current gen consoles have online capabilities. I've shown my friends YouTube videos on my OOOOLLLLD 32 inch tv via the Wii. For those without consoles, they may have something else, like a Roku or other internet-capable device. Internet TV is a good idea, but not a good idea right now.

Yeah pretty much this, plus the fact that DVD and Blu-Ray will probably keep losing market share to online streaming (Netflix and such). Not a good time to be an electronics retailer (or a TV maker for that matter, at least the ones that bet a lot on 3D).