By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Tokyo – Early reports that Sony was preparing to sell its Vaio PC business proved to be accurate Thursday, as the electronics giant announced it is splitting its TV business into a standalone entity by June 2014 and will sell the PC business and Vaio brand to Japan Industrial Partners (JIP).
The announcement, which was made as part of Sony’s regular third-quarter 2013 earnings statement, said the JIP deal is scheduled to be completed by the end of March 2014.
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.
Tokyo – Sony reported net and operating profits and higher sales in its fiscal third quarter, while also announcing plans to make TV operations a separate subsidiary and to sell off its Vaio PC business.
The sale of Vaio and the revamp of its TV business will result in layoffs of about 5,000 by the end of fiscal year 2014, Sony said. The restructuring should result in 100 billion yen in savings starting in fiscal year 2015, the company noted.
Arlington, Va. – Three-fourths (73 percent) of online U.S. adults who see Ultra HD TV technology in a retail store are interested in owning the technology at some point in the future, according to new research from the Consumer Electronics Association (CEA), while only 34 percent of people who did not see the technology are interested in ownership.
Ultra HD delivers four times the resolution of today’s FullHD TVs, with more than 8 million pixels of resolution.
Paramus, N.J. — LG Electronics USA recently opened “the State Room” — a giant-sized man-cave-themed lounge decked out in LG large-screen TVs — in the Westfield Garden State Plaza shopping center, here.
The State Room, which will be available to the public up through the end of March, features some of LG’s most popular models of high-end OLED, Ultra HD LCD and Laser (short-throw front projection) TVs.
Santa Clara, Calif. — Falling production costs and expected lower average selling prices (ASPs) should help drive growth in 4K Ultra HD desktop monitor unit shipments this year, NPD DisplaySearch predicted.
The market research firm’s “Quarterly Desktop Monitor Shipment and Forecast Report” found that despite declining global demand in overall desktop monitors to 133 million units in 2014, 4K Ultra HD monitor shipments should reach 2 million units, and by 2017 shipments are forecast to reach approximately 8 percent of the market.
Englewood Cliffs, N.J. — The Super Bowl may be coming to the New York City area for the first time, but a new study commissioned for area resident LG Electronics USA found “staygating” to be the latest trend on super Sunday.
LG Electronics said its national consumer study on home entertaining, identified “staygating,” where consumers are spending more time at home doing the things they love during their favorite games, as a popular trend.
Seoul, South Korea – LG Display reported lower sales and earnings for the fourth quarter, ended Dec. 31, 2013.
Revenues in the fourth quarter of 2013 decreased by 19 percent to 7,079 billion Korean won (KRW) from 8,743 billion KRW in the fourth quarter of 2012.
Operating profit in the fourth quarter of 2013 was 257 billion KRW, a year-on-year decrease of 56 percent from the operating gain of 587 billion KRW.
Beloit, Wisc. - Retailers may find purchasers looking for big TV bargains in coming days, if results from a recent survey conducted by shopping services website FatWallet standup.
FatWallet, which offers links to current coupons, promotional offers and discounts from a variety of retailers, said its 2014 online TV buyer survey found 30 percent of respondents are planning to buy a new TV sometime in 2014 and approximately one third will probably make the purchase during the Super Bowl sales period.
CES 2014 Las Vegas - Panasonic kicked off its new LCD-centric TV phase by showing an expanded lineup of step-up models, including additional Ultra HD TVs and an advanced “Beyond Smart TV” system worthy of a new Life+Screen sub-brand designation during International CES.
The new offerings fill in for the recent departure of plasma displays as the brand’s bread-and-butter TV technology.
Toronto, Canada – Morega Systems said Friday that it has successfully developed “the industry’s first Ultra HD 4K media mobility solution,” enabling the viewing of Ultra HD content on any screen.
Morega working with long-term partner ViXS Systems will be first to market with an Ultra HD 4K 10-bit High Efficiency Video Coding (HEVC) system-on-a-chip (SoC) solution, the companies said.