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Best Buy's stock came down a bit on Friday, dropping 4 percent, but is still near record highs at just under $60. "The smartphone industry has significantly changed over the past few years, especially with installment billing plans, unlimited data plans and the proliferation of prepaid and unlocked devices," Joly told analysts on a conference call Thursday. "This can make shopping for a smartphone confusing and complicated." Joly later told reporters that he expects smartphones could be an area of growth for the company this year, especially as it redesigns the experience in stores and online. The market, he said, could see an "iconic launch from Cupertino" — a reference to the anticipated new iPhone from Apple in the second half of the year. A new Samsung Galaxy Note is expected, as well. On Friday, Best Buy provided some more details about the changes. To start, the redesigned mobile departments will be moved to the front and center of stores if they are not already there. "It's literally one of the first things you'll see in the store," said Carly Charlson, a Best Buy spokeswoman. The departments will have a new section dedicated just to the growing category of prepaid and unlocked (which are not tied to a carrier) phones. They will also have additional specially trained employees, as well as an expanded presence from major carriers. Best Buy already has AT&T and Verizon mini-shops in some of its stores.
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