A man shops at a Best Buy store.
Best Buy's sluggish sales in recent years stems in part from the fact that a lot of people bought electronics during the pandemic, and don't need to buy new ones each year.
  • Consumer electronics sales boomed during the pandemic thanks to stimulus, work-from-home, and more.
  • Some of those products, like laptops and tablets, are nearing their typical 3- to 5-year life cycle.
  • But Best Buy's CEO said she hasn't yet seen enough innovation to get people to replace aging tech.

2020 was a wild year for consumer electronics sales.

But if you splurged on tech during that time, there's a good chance you haven't felt the need ā€” or inspiration ā€” to upgrade your setup.