By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Chicago - Cobra Electronics reported higher net and operating income in the fourth quarter of 2013.
Net income was $1.9 million for the fourth quarter, compared with net income of $1.4 million in the prior year.
Operating income for the quarter was $1.8 million for the current quarter, compared with operating income of $1.4 million in the same quarter last year. These results reflected a decrease in selling, general and administrative expense that was partially offset by slightly lower net sales and gross margin, Cobra said.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.
Amsterdam, The Netherlands — Retail-level unit sales of PNDs in North America fell 27 percent in the fourth quarter compared with the year-ago period and dropped 26 percent for the full year, GPS supplier TomTom said in its latest financial report.
Sell-through fell to 1.8 million units in the quarter and to 5.4 million units for the entire the entire year.
TomTom estimated its fourth-quarter share at about 15 percent, down 4 percentage points from the year-ago period
Las Vegas –TomTom is expanding TomTom HD Traffic service to all of its new portable navigation devices (PNDs) in 2014, making it easier for PND users to choose a destination, and bringing 3D displays of buildings and landmarks for the first time to select models.
The innovations will give current PND users more reasons to buy a replacement model and appeal to the 44 percent of drivers who don’t use a PND, smartphone, or in-dash nav system to get around, said marketing VP Tom Murray.
Amsterdam, The Netherlands — North American PND sales at the retail level fell 28 percent in the third quarter to 1.1 million units from the year-ago period, GPS supplier TomTom said in its latest financial report.
The decline followed a second-quarter 27 percent decline to 1.3 million units and a first-quarter decline of 27 percent to 1.1 million units, previous financial reports stated.
Hauppauge, N.Y. — The second new in-dash multimedia/navigation receiver unveiled by Jensen in recent weeks offers a 6.2-inch touchscreen, iPod/iPhone USB, AM/FM/DVD player, and stereo Bluetooth at a suggested $449.
The VX6020 ships in mid-September to join the previously announced flagship navigation receiver, the $549-suggested VM9726BT, also with 6.2-inch touchscreen. The new model hits a lower price point than before for a Jensen navigation receiver with similar features, the company said.
Santa Clara, Calif. -- MiTAC Digital plans to ship in early August its latest big-screen PND for RV users.
The $349-suggested Magellan RoadMate RV9365T-LMB has a 7-inch screen, joining two other 7-inch RV PNDs at $319 and $349 and a 5-inch model at $299.
Amsterdam – GPS supplier TomTom posted second-quarter and first-half net profit declines of 14 percent and 26 percent, respectively, on sales declines of 4 percent and 11 percent.
The second-quarter net profit of 7.7 million Euros, however, was enough to offset a 2 million Euro loss in the first quarter to maintain first-half profitability. The company returned to profitability in 2012 with a net profit of 129.2 million euros after a 2011 net loss of 439 million euros.
Olathe, Kan. — Drivers will be able to view GPS navigation instructions without taking their eyes off the road when Garmin launches its first portable head-up display (HUD).
The $129-suggested HUD, available later this summer, projects navigation information onto a windshield from a Bluetooth-connected smartphone that’s running a Garmin StreetPilot or Navigon navigation app.
Olathe, Kan. – Here’s something that Elmer Fudd could have used to catch that wascally wabbit.
GPS supplier Garmin is adding to its outdoor-product segment with the July shipment of a next-generation GPS-equipped dog-tracking collar and a tracking receiver.
The DC 50 collar carries a minimum retail price of $229, and the DC 50 bundled with an Astro 320 hand-held tracking receiver is priced at a minimum $599. They’ll ship to brick-and-mortar and online outdoor sporting goods retailers such as Cabela’s and Bass Pro.
Santa Clara, Calif. – Magellan priced its Cloud-connected SmartGPS at a suggested $249 and began offering it nationwide through Best Buy and BestBuy.com.