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Best Buy, Wal-Mart gain on Circuit City’s demise

Best-Buy-Web.jpgA Best Buy opening in New York in March 2010. (JB Reed/Bloomberg)

By Sandra M. Jones | The demise of Circuit City has been a boon to rivals Best Buy and Wal-Mart, according to a report released Monday from NPD Group.

Best Buy Co. and Wal-Mart Stores Inc. combined captured two-thirds of Circuit City Stores Inc.’s total dollar market share from March through December 2009, after Circuit City went out of business, the report said.

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Report: Apple iPad cost about $259 to build

iPad-Three.jpg(AP Photo/Paul Sakuma)

Dow Jones Newswires | It costs Apple Inc. $259.60 to manufacture its iPad tablet computer, according to iSuppli Corp.’s tear-down analysis, reported on by Bloomberg News Wednesday.

The market-research firm’s analysis indicates that components of the lowest-priced, 16-gigabyte iPad amount to 52% of its retail price of $499. A high-end 64-gigabyte version of the iPad, which retails for $699, contains components that cost $348.10, according to iSuppli.

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