San Antonio — The Progressive Retailers Organization was at the Westin La Cantera Hill Coun
Stamford, Conn. –Harman reports that home audio and multimedia products grew 17 percent in the company’s fiscal third quarter ending March 31.
Chairman Dinesh Paliwal said operating margins hit the high single digits in the three-month and nine-month periods, but did not reveal specific dollar volumes.
Paliwal did note the segment’s nine-month operating margin hit a record-high 8 percent. He also said he expects full-year home/multimedia sales to be “close to $600 million.”
Stamford, Conn. – Two new A/V receivers shipped by Harman Kardon expand the brand’s selection of AirPlay-enabled A/V receivers and include the brand’s first AVR with embedded Wi-Fi.
Both are also the brand’s first AVRs with 4K by 2K passthrough and upscaling.
Stamford, Conn. — Harman International Industries announced it has acquired iOnRoad Technologies, maker of the augmented-reality driving app with the same name.
The app runs on a variety of platforms, including iOS, Android, Windows and Linux, and is expected to help Harman strengthen its “leadership in global infotainment systems and services for leading automakers, and accelerate the rollout of new [advanced driver assistance system] functionalities,” Harman said.
Stamford, Conn. — Harman International Industries reported lower sales and income during its fiscal first quarter, ended Dec. 31, 2012, and said it would issue layoffs of 500 employees.
Net sales for the second quarter were $1.056 billion, a decrease of 6 percent compared with the same period last year. In local currency, net sales decreased by 4 percent compared with the same period last year, primarily as a result of the economic slow-down in Europe, which significantly impacted automotive production.
Las Vegas – Harman is expanding the number of entertainment services available through its Aha cloud-based infotainment service for OEM and aftermarket radios.
The AccuRadio, Deezer, Rdio and SomaFM music services have begun offering music content to drivers through Aha, joining AOL SHOUTcast Radio, Radio.com by CBS Radio, Live365, MOG, Rhapsody and Slacker, Harman announced here at CES.