Best Buy $9.99 TV offer was too good to be true

August 12, 2009 By MAE ANDERSON , AP Retail Writer

(AP) -- Few if any of the deals retailers have offered online during the recession have been as good as Best Buy Inc.'s sale price of $9.99 on a 52-inch TV Wednesday. But it quickly turned out the offer was too good to be true.

The electronics retailer said it will not honor the $9.99 price posted Wednesday morning on its Web site for a 52-inch Samsung flat-screen TV. By early afternoon, the TV was listed at $1,799.99, almost half off the original $3,399.99 price.

Bloggers and Twitterers lit up the Internet with posts about the offer, some insisting Best Buy must honor it, others making jokes.

Best Buy, based in Richfield, Minn., said it has corrected an online pricing error and will not honor the incorrect price. Orders made Wednesday morning at the incorrect price will be canceled and customers will receive refunds, the company said.

did not immediately return a call for additional comment.

Shares fell 24 cents to $36.53 during afternoon trading.

©2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Rank 3 /5 (2 votes)
Tags

prices, best buy, flat screen tv
Related Stories
more news
Relevant PhysicsForums posts
  • Flow From a Tank through a Pipe
    created6 hours ago
  • How to tilt a object
    created22 hours ago
  • How to calculate total compressibility in liquid porous solid system
    createdFeb 12, 2012
  • Need help reading 3-D
    createdFeb 11, 2012
  • A way to send and receive wireless data
    createdFeb 11, 2012
  • Calling function with no input argument
    createdFeb 10, 2012
  • More from Physics Forums - General Engineering

More news stories

Music service gives Myspace second wind

Faded online social network Myspace said Monday it was getting a second wind due to the popularity of a freshly launched online music player.

Technology / Internet

created 2 hours ago | popularity 5 / 5 (1) | comments 0

US, EU clear Google's $12.5B Motorola Mobility bid (Update)

Google's $12.5 billion acquisition of cellphone maker Motorola Mobility have won approvals from U.S. and European antitrust regulators, moving Google a major step closer to completing the biggest deal in its ...

Technology / Business

created 3 hours ago | popularity 5 / 5 (1) | comments 0

Apple shares close over $500

Apple shares surged past $500 for the first time on Wall Street on Monday, powered by reports a new iPad may be unveiled next month.

Technology / Business

created 1 hour ago | popularity not rated yet | comments 0

Computer programs that think like humans

Intelligence – what does it really mean? In the 1800s, it meant that you were good at memorising things, and today intelligence is measured through IQ tests where the average score for humans is 100. ...

Technology / Computer Sciences

created 2 hours ago | popularity not rated yet | comments 1

EU executive defends contested online piracy pact

The European Commission on Monday defended a global online-piracy pact opposed by some EU states and still to be ratified by the European Parliament.

Technology / Internet

created 3 hours ago | popularity not rated yet | comments 0


First-of-its-kind stem cell study re-grows healthy heart muscle in heart attack patients

Results from a Cedars-Sinai Heart Institute clinical trial show that treating heart attack patients with an infusion of their own heart-derived cells helps damaged hearts re-grow healthy muscle.

Scientists discover reason for Mt. Hood's non-explosive nature

(PhysOrg.com) -- For a half-million years, Mount Hood has towered over the landscape, but unlike some of its cousins in Oregon’s Cascade Mountains and many other volcanoes around the Pacific “Rim ...

Discovery paves way for salmonella vaccine

(Medical Xpress) -- An international research team led by a University of California, Davis, immunologist has taken an important step toward an effective vaccine against salmonella, a group of increasingly antibiotic-resistant ...

Time of year important in projections of climate change effects on ecosystems

(PhysOrg.com) -- Does it matter whether long periods of hot weather, such as last year's heat wave that gripped the U.S. Midwest, happen in June or July, August or September?

Smoking bans lead to less, not more, smoking at home: study

Smoking bans in public/workplaces don't drive smokers to light up more at home, suggests a study of four European countries with smoke free legislation, published online in Tobacco Control.

Ovarian cancer arises in fallopian tube of knockout mice

(Medical Xpress) -- The most deadly form of "ovarian" cancer arises in the fallopian tubes – not the ovaries – of knockout mice that lack two genes associated with the disease, said researchers led by Baylor College ...