WATCH: Electronics retailer Best Buy projected quarterly sales below market estimates, reflecting the toll of shipping logjams, shuttered factories and a scarcity of raw materials that have ripped through global supply chains this year
Those devices are important for Best Buy as they sell in large numbers and act as a magnet for customers who often spend on other products.
"Getting hold of Apple's latest iPhone or its new laptops is very challenging. These items should, in theory, be providing a nice lift to sales as the holidays approach, but stock levels remain low," said Neil Saunders, managing director of research provider GlobalData.
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