Best Buy CEO Netbook Demise Claims "Grossly Exaggerated"

The CEO of Best Buy has taken back his earlier comments to the Wall Street Journal that iPad sales are killing off netbooks.

CEO Brian Dunn has distanced himself from his earlier comment that Apple's iPad tablet device has cannibalised nearly 50 per cent of all PC and notebook sales, Dealer Scope reports.

In a statement issued on the company's blog, Dunn said: "The reports of the demise are grossly exaggerated. While they were fuelled in part by a comment in the Wall Street Journal that was attributed to me, they are not an accurate depiction of what we're currently seeing."

Dunn went on to say that the company has seen the iPad sales as a great opportunity, as Best Buy will be gearing up to host a wide range of new consumer electronics devices for the upcoming holiday season.