The State of Best Buy 4Q FY18

Yesterday Best Buy reported 4Q FY18 results well above Street estimates. Comparable store sales in the quarter were up 9% (domestic) and 9.9% (international), compared with a 3% Street estimate. US comps were especially strong for entertainment (16.8%) and appliances (20.7%). Entertainment was up 26% year-over-year (likely driven by gaming). Appliance sales were up nearly…

A Global Cold War and the Fear Mongering AI

Earlier this week Eurasia Group published their Top Risks for 2018 which includes the risk of a global tech cold war. They write that, “achieving dominance in emerging technologies is the world’s most important battle for economic power.” But what does “dominance” of an emerging technology mean? And what does that dominance look like? Does…

Cyber Risk and Changing Corporate Structure

With a growing list of CEOs losing their jobs because of cyber attacks and data breaches, it’s time for corporations to change how they operate. Escalating cyber risks necessitate two core corporate structural changes. First, the role of the CIO should be elevated, reporting directly into the CEO and gaining corporate board visibility. Secondly, corporate…

Apple Watch and Cellular Connectivity – from Internet Experiment to Healthcare Application

We are introducing the internet to more and more diverse places through the wide deployment of digitized, ‘sensor’ized, connected objects. Each new introduction is an experiment. And the question we are asking is “does the internet make sense here and if so, what are the use-case scenarios?” When Apple announced the Apple Watch in September…