New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
New York – SiriusXM posted a 12.2 percent revenue gain in its second quarter to $940.1 million and net income of $125.5 million on the highest quarterly gain in net new subscribers since the fourth quarter of 2007.
Revenue gains marked the sixth consecutive quarter of double-digit revenue growth.
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 – Nikon said it saw its first-half sales volume climb 26 percent with interchangeable-lens-type cameras and lenses rising 21 percent for the period ending Sept. 30.
Net sales for the first half were $4.74 billion (381 billion yen), up $703 million (56.5 billion yen) from the same period last year
Operating income was $521 million (41.8 billion yen), down $69.7 million (5.6 billion yen) from the same period last year.
Indianapolis – hhgregg reported a 5 percent drop in net sales and lower net earnings for the second quarter, ended Sept. 30.
Net sales for the quarter decreased to $587.6 million from $618.6 million in the comparable prior-year period. The decrease for the three month period was the result of a comparable store sales decrease of 8.8 percent along with the lapping of strong grand opening sales performance from stores that opened in the prior fiscal year, partially offset by the net addition of 19 stores during the past 12 months.
Overland Park, Kan. – Sprint Nextel posted another wireless operating loss in the third quarter, when its subscriber base shrank by 423,000 to 56 million after seven consecutive quarters of subscriber gains, the company announced.
The subscriber base shrank because consumers postponed iPhone purchases until late-quarter availability of the iPhone 5 and because subscribers left the company’s 2G Nextel network at an accelerated rate as the network’s mid-2013 shutdown approaches, executives said.