The latest consumer electronics news, market research and information on earnings, profitability, mergers & acquisitions and company financials within the industry.
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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 -
Nokia Reports Lower Sales, Loss For Q3
By Steve Smith, October 15, 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. More -
LG Display's Fiscal Q3 Profits Almost Double
By Steve Smith, October 15, 2009Seoul, South Korea - LG Display reported that net profits almost doubled during the fiscal third quarter based on higher demand for its LCD panels. More -
Dell To Shutter N.C. PC Plant
By Doug Olenick, October 12, 2009Round Rock, Texas — Dell reported last week it will close its Winston-Salem, N.C., factory and lay off 905 employees. The plant, which produced desktop computers, will close its doors in January but will start wrapping up operations next month. The plant closing is part of the company's long-term plan to simplify its operations, the company said in a written statement. More -
FCC: U.S. Faces Cellular Spectrum Gap
By Joseph Palenchar, October 12, 2009San Diego — “The biggest threat to the future of mobile in America is the looming spectrum crisis,” the chairman of the Federal Communications Commission told the wireless industry during a trade show here. “While the short-term outlook for 4G spectrum availability is adequate, the longer-term picture is very different,” chairman Julius Genachowski said today at the... More -
Discounters See Uptick In CE Sales In September
By Alan Wolf, October 12, 2009New York — Purchases of TVs and computers in September helped drive the first meaningful sales gains in months for discount retailers, suggesting that the freeze in consumer spending may thaw for the holidays. Nevertheless, falling prices, particularly in CE, squeezed same-store sales and offset the benefits of higher traffic and a favorable calendar shift for Labor Day, which moved pre-ho... More
CE News from the Web
Activision plays Guitar for profit
Source: Video Business
Date: 11-06-2009 00:00:00 GMTCoast Wholesale Appliances Income Fund conference call and webcast notification - 2009 third
Source: Comtex
Date: 11-04-2009 16:05:00 GMTEMSNow - Pentagon EMS adds Eric Miller as Regional Sales Manager
Date: 11-03-2009 00:00:00 GMTNortel: Postmortem Dissects Days Just Before Bankruptcy
Source: www.xchangemag.com
Date: 11-02-2009 20:03:25 GMTGEBN: The Fastest Growing Entrepreneurship Network…..
Source: www.itbhandheld.com
Date: 09-14-2009 11:32:15 GMT
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billddrummer– 8/10/2009 3:40:25 PM EDT
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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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