Apple Should Fire Another Nail Into Best Buy's Coffin
Everybody else has him doing it lately so, Steve Jobs must be rolling in his grave as he observes what's happening in brick-and-mortar retail.
But when he looks at retail, outside of Tesla Motors' (TSLA) righteous and honorable cover of Apple Stores, Jobs must be sad. For example, how do you think he feels about his former rank-and-file employee -- and, presumably, close friend -- Ron Johnson's obscene performance at JC Penney (JCP) ? He can't be pleased, especially after Johnson bragged about everything he thought he had accomplished at Apple.
As I contemplate Apple's present situation, best summed up as an innovative standstill that doesn't really matter right now because the competition sucks so badly, I wonder what Jobs thinks about Best Buy (BBY) , assuming the hapless retailer even crosses his mind.
When Jobs came back to Apple, he pretty much did the opposite of everything Tim Cook is doing right now. Granted, he re-started running the company under much different circumstances, but instead of expanding product lines he cut them down to focus on a straightforward core of products. As much as that core expanded, from the Mac to a sleek selection of iProducts, it felt like it stayed small and exclusive.