The latest consumer electronics news, market research and information on earnings, profitability, mergers & acquisitions and company financials within the industry.
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DirecTV Posts Revenue, Profit Gains For Q3
November 9, 2009EL SEGUNDO, CALIF. — DirecTV reported a double-digit gain in revenues and a net income gain for the third quarter. Revenues increased 10 percent to $5.47 billion, compared with the same time last year, while year-on-year net income attributable to the DirecTV group rose $3 million to $366 million. More -
Cobra Reports Q3 Loss, Lower Sales
November 9, 2009CHICAGO — Cobra Electronics reported a net loss of $509,000 and lower net sales for the third quarter, ended Sept. 30, but sees signs of a recovery. The net loss for the quarter compared with net income of $142,000 for the third quarter of last year. Net sales were $27.4 million for the quarter, down from the prior year’s $33. More -
RadioShack’s Q3 Sales, Net Slips
By Alan Wolf, November 9, 2009FORT WORTH, TEXAS — RadioShack said third-quarter profits fell 24 percent to $37.4 million and net sales slipped 3.1 percent to $990 million for the three months ending Sept. 30. Same-store sales at company-owned stores and kiosks decreased 2.9 percent due to slower sales of digital converter boxes, laptop computers, batteries, wireless accessories and GPS devices. More -
Sirius Kicks Off Its Most Aggressive Ad Campaign
By Amy Gilroy, November 9, 2009New York — Sirius XM said it will launch its most aggressive advertising campaign to date on Nov. 15 to promote the brand during the fourth quarter. On an earnings call with analysts last Thursday, Sirius XM CEO Mel Karmazin said now that the merger and liquidity issues are past, there is a need to promote the brand. More -
Asian CE Makers Offer Glimmers Of Hope
By Steve Smith, November 9, 2009NEW YORK — Eight leading Asian consumer electronics manufacturers reported quarterly results in the past two weeks that showed, in varying degrees, glimmers of an economic recovery. Some manufacturers showed improved performance in the quarter while others readjusted their fiscal year forecast to reflect an improved outlook. More -
Audiovox Posts Profit, But Lower Sales In Fiscal Q2
By Steve Smith, October 26, 2009Hauppauge, N.Y. — Audiovox reported lower net sales but turned a $2.8 million profit in its fiscal second quarter, ended Aug. 31, with accessories sales leading the way. Net sales for the fiscal 2010 second quarter were $124.9 million, compared with net sales of $147.2 million reported in the prior year period, a decrease of 15. More -
Nokia Reports Lower Sales, Loss For Q3
By Steve Smith, October 26, 2009Espoo, Finland — Nokia is optimistic about mobile phones for the balance of the year, but reported a double-digit drop in net sales and loss in the third quarter compared with last year. The loss was reportedly due to more than $1.3 billion in charges on Nokia Siemens Networks, a joint venture with Siemens AG. More -
LG Reports Increases In Q3 Sales, Profits
By Greg Tarr, October 26, 2009Seoul, South Korea — LG Electronics reported record revenue and operating profits for the third quarter, with global sales rising 15.7 percent to $11.2 billion from a year ago. In the period, operating profit climbed to 850 billion Korean won (about $685 million), resulting in a margin of 6.1 percent, 1. More
CE News from the Web
JAOtech opens European Sales Headquarters
Source: www.itbaudiovisual.com
Date: 15 hours 52 minutes 13 seconds ago.Coast Wholesale Appliances Income Fund declares November cash distribution - 53rd consecutive
Source: Comtex
Date: 11-18-2009 16:17:00 GMTSweet Home Theater Setups - The Three Year Home Theater
Source: www.cybertheater.com
Date: 11-16-2009 15:26:27 GMTBlockbuster's full-year loss will be wider, analyst says
Source: Video Business
Date: 11-16-2009 00:00:00 GMTOctober U.S. video game sales down 19 percent: NPD
Source: www.reuters.com
Date: 11-13-2009 00:07:02 GMT
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Vitelli, Satoren, Juszkiewicz Honored By ADL
The National Consumer Technology Industry's annual dinner and fundraiser for the Anti-Defamation League (ADL) honored drew more than 500 industry leaders, here, on Saturday, Nov. 14.2009 Consumer Electronics Hall of Fame Induction
CEA Celebrates Class of ''09 CE Hall Of FamersP.C. Richard & Son's 100th Anniversary Celebration
P.C. Richard & Son's 100th anniversary celebration and charity event, held this past Saturday night at the New York Marriott Marquis.BUYER'S GUIDE - LCD PROJECTORS
Compare LCD projectors prices and features and save! Try BuyerZone's free service and get customized projector quotes from multiple dealers.
By The Numbers
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Majap Shipments Improving: AHAM
Washington — Factory shipments of major appliances continued their sequential improvement in September, suggesting that ... -
Retrevo: Blu-ray Shoppers Want Further Price Cuts For Holidays
Sunnyvale, Calif. — Things are looking up for Blu-ray player sales this holiday season but manufacturers may have to tak... -
CE Gift Sales To Rise 8% In Q4: CEA Forecast
Phoenix — Consumer electronics gift sales will grow 8 percent during the fourth quarter from the same period last year, ...
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