Sources: No one wants an HP Touchpad, and Best Buy wants a refund
Sources tell All Things D’s Arik Hesseldahl that HP’s TouchPad—it’s first WebOS tablet offering—is selling so poorly that one big box retailer is asking for a refund.
Best Buy has taken delivery of 270,000 HP TouchPads, selling 25,000. Another source said the 25,000 unit estimate might be considered“charitable.”
Best Buy is reportedly so exasperated by the sluggish sales clogging up their inventory that they want HP to take the order of TouchPads back. Analyst Rich Doherty of Envisioneering Group says that Best Buy isn’t alone; Walmart, Micro Center and Fry’s are all experiencing sluggish TouchPad sales.
Doherty points to “wildcat pricing” as the culprit, as early discounts of $50 and $100 may have caused consumers to wait for the price to drop further.
HP is set to report quarterly earnings tomorrow, August 18.