Best Buy sees opportunity in foldable phones and smart home technology

Best Buy Co. Inc. is looking to the future, and sees opportunity in areas including mobile devices, smart home technology and digital health.

“In mobile, we see new technology innovation in areas like wireless power, security and accessibility,” said Best Buy’s BBY, +0.03% Chief Executive Hubert Joly, according to a FactSet transcript. “We’re also excited to watch foldable phones emerge over the next several months.”

After a blow out fourth-quarter earnings release in which earnings per share more than doubled, same-store sales rose 3%, well ahead of the FactSet consensus for 1.8% growth, and the dividend was raised 11% to 50 cents per share, Joly said the company is looking ahead.

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