Ann: Best Buy US Expansion for LIFX, page-54

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McKhenry

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11/04/19

09:50

Post #: 38092133
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Originally posted by taffyjuke: ↑

Visual working displays in 1,000 Best Buy stores will drive sales as opposed to just having them sitting on the shelves. Seeing will drive sales,as apposed to just having them sitting on the shelves.
LYFX has sold 2 million lights since starting business. With working displays in 1,000 Best Buy stores it would not be to hard to exceed the 2 million lights that LYFX have sold since commencing business. It works out at 5.5 lights a day per store average over a year. This is possible from just Best Buy alone. Customers buy multiple lights. Best Buy would not be allocating extra space in another part of every 1,000 stores if this was not a hot product.
It is a huge space outside our homes. It will be interesting to see what develops.

We have been told LYFX is being paired with another product outside of smart home. LYFX works with Ohm, what new things have been added to them I guess we will have to wait. This should not take long as stores are geared to change displays across their whole chain over night when they decide. I would imagine the product is ready to go within weeks.

It is a huge space outside the Smart Home.
Gun shot detection is even now available in smart lighting see below.

https://www.echelon.com/assets/blt339a50e1c88306c2/Navigant%20Research-Echelon%20Smart%20Street%20Lighting%20White%20Paper%20-%20Full%20Report.pdf

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Lifx does have a smart button/ switch, but I am wondering why we don't have a Wi-Fi power adapter smart switch.

Nice context on the required sales, you would really expect 50 lights per store per week to hang onto their display though.

Will be hoping they have ramped up supply yesterday and in the next quarter we stop seeing sold out badges next to our products.

happy days to come!

BUD Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
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Ann: Best Buy US Expansion for LIFX, page-54

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