About This Statistic
This statistic depicts the total revenue of Best Buy worldwide from 2007 to 2017. In 2012, Best Buy generated a global revenue that amounted to about 45.46 billion U.S. dollars. Best Buy is a specialty retailer of consumer electronics which was founded by Richard M. Schulze in 1966.
Best Buy is a global retailer and developer of technology products and services. The company's products include consumer electronics, mobile products, televisions, digital cameras, e-readers, appliances and others. Its services include installation and delivery of appliances, computer and gaming setup, furniture assembly and repair services.
Best Buy is the world’s largest multi-channel consumer electronics retailer with stores in the U.S., Canada, China and Mexico. In 2015, Best Buy had close to 1,500 stores in the United States alone. Those stores generated over 36 billion U.S. dollars for the company in 2015, with nine percent of the revenue generated from its entertainment segment.
The company's strategy has been to develop and supply a wide range of branded products and services to its customers through its innovative technologies. In line to its strategy, Best Buy acquired mindSHIFT Technologies, Inc, which provides cloud, data center and professional services to small and mid-sized businesses across the US. This acquisition can enhance the company's operations to expand its business in managed service provider markets.