By Lisa Johnston
New products on display at the American International Toy Fair, held in N
New York — Satellite-radio broadcaster SiriusXM will become the nation’s largest telematics provider in the fourth quarter when it expects its acquisition of Agero’s Connected Vehicle Unit to be complete.
SiriusXM and Agero entered into a definitive agreement in which Sirius will purchase Agero’s telematics unit for $530 million in cash.
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.
Iwaki, Japan — Alpine posted a 23.7 percent revenue gain in its fiscal first quarter ending June 30 and a 6.4 percent gain in operating income, but net income slid 24.3 percent.
First-quarter revenues in the fiscal year ending March 2014 hit 68.3 billion yen, while operating income grew to 1.43 billion yen. Net income fell to 1.31 billion yen.
Schaffhausen, Switzerland — Garmin reported slumping net sales for its fiscal second quarter, ended June 29.
Total revenue was $697 million in the quarter, down 3 percent from $718 million in the prior-year period. Broken out by category, sales were up 6 percent in outdoor ($106.9 million vs. the prior year’s $100.5 million) but down 12 percent in automotive/mobile ($344.7 million vs. $392.1 million).
Sales were up 16 percent in aviation, 3 percent in fitness and 7 percent in marine.
Long Beach, Calif. – The number of Android smartphones compatible with Pioneer in-dash head units incorporating AppRadio Mode technology has grown to 40 now that Pioneer has confirmed that 16 more Android phones are compatible, Pioneer announced.
The 16 smartphones tested by Pioneer for compatibility include the HTC One, One S, One XL; Motorola Droid Razr Maxx HD and Razr HD; Samsung Galaxy SIII, S4 Note II, and Galaxy Express; and the Sony Xperia Z, TX, TL, and ZL.
Chicago – Cobra Electronics blamed the continued poor worldwide economic performance along with legal expenses for its $1.9 million drop in income on sales of $25.6 million for the second quarter, ended June 30.
The $1.9 million income fall off was down from the $902,000 in net income generated during the same period last year and consolidated sales were down about $3.5 million from 2012.
Dallas — AT&T and Audiovox have partnered to provide network connectivity to an Audiovox telematics and location-based vehicle service system.
The plug-in OBDII device is designed to provide maintenance alerts, vehicle tracking, car location and driver scoring, among other things. A smartphone app will enable remote start and vehicle locking.
The OBDII device will use an embedded HSPA wireless modem to send telematics and location data that can be accessed through a smartphone, tablet or desktop computer, AT&T said.
Hauppauge, N.Y. — Voxx International turned a net profit and higher operating income, but sales were slightly off in its fiscal first quarter, ended May 31.
Net income was $2.1 million in the quarter compared with a prior year’s net loss of $4.7 million. Operating income for the quarter was $3.4 million, an 11.6 percent gain over the year-ago period performance of $3.1 million.
Net sales were $193 million, a decrease of $1 million, or 0.5 percent, compared with net sales of $194 million reported in the comparable year-ago period, Voxx reported.
Bandon, Ore. — Cardas Audio, which manufactures audio cables and components, recently entered the in-ear monitor market with the introduction of its EM5813 Ear Speakers.
The copper-plated brass monitors mirror the human cochlea and tympanic membrane, the company said, and have hand-matched drivers that are machined from proprietary solid-bar stock metals in California.
The copper cable is a miniature version of the company’s Audio Clear cable.
They are currently available for a $425 suggested retail.
New York – Ford beat other automakers and the autosound aftermarket in offering head units that control the SiriusXM Internet Radio App on a connected smartphone.
Consumers who download the latest version of SiriusXM Internet Radio App onto their Android or Apple smartphone will be able to use a Ford Sync infotainment system equipped with Sync AppLink to control the app.
Tampa Bay, Fla. — Aamp of America announced it has acquired the assets and certain intellectual property of Precision Interface Electronics (PIE), a manufacturer of automotive OEM integration devices and accessories.
Aamp of America is a portfolio company of Audax Private Equity. Its brands include iSimple, Pacific Accessory Corporation (PAC), Phoenix Gold, Sound Quest, Stinger Electronics and Best Kits & Harnesses.