By Lisa Johnston
New products on display at the American International Toy Fair, held in N
REDMOND, WASH. – Observers of the IT industry were mostly positive about Microsoft’s recent selection of Satya Nadella as its new CEO, and the naming of Symantec’s former CEO John Thompson as the company’s new chairman.
The former head of the company’s Cloud and enterprise division was selected as Microsoft’s new CEO to replace Steve Ballmer, who announced his resignation last August.
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.
NEW YORK – Audiophile companies said a reinvigorated two-channel market is prompting them to bring new products to market, and the rising tide has prompted British brand Cyrus Audio to return to U.S. shores once again.
“Great two-channel is making a big comeback,” said George Haight, product specialist for Kevro International, which is importing and marketing Cyrus to specialty A/V dealers.
TOKYO – Japanese CE manufacturers reported improved sales and profitability for either its third quarter or first nine months of its fiscal year, ended Dec. 31, 2013, due to a mixture of improved sales, cost cutting and better exchange rates.
Sony was among those posting better financials for the fiscal third quarter (see story, p. 33), even though it is selling the Vaio PC unit and planning to spin-off its TV operations.
Panasonic reported higher sales and profits in the fiscal third quarter.
HAUPPAUGE, N.Y. – Voxx Electronics announced additional pricing and availability dates of new Audiovoxbranded car electronics products, including the brand’s first driving-event recorder and an accessory that adds Bluetooth streaming and USB playback to any OEM sound system.
SAN DIEGO – Industry reaction to the recently announced restructuring of Sony Electronics involving the sale of most of the Vaio PC business and the split-off of its TV operations into a wholly owned subsidiary was viewed with mixed reactions by analysts and retailers.
Most observers said the moves should help to keep Sony profitable while enabling the TV operations to narrow its focus on the woefully underserved high-end segment of the TV market, where profits can be made.
ENGLEWOOD CLIFFS, N.J. – LG Electronics cut the price yet again on its 55-inch curvedscreen FullHD OLED TV, as it seeks to secure a dominant position atop the new technology category.
LG said model 55EA9800, which launched last year at a $14,999 suggested retail, has been reduced to a $7,999 suggested retail.
The suggested retail had been reduced to $9,999 last September.
INDIANAPOLIS – Gregg Throgmartin is stepping down as executive VP and COO of hhgregg, effective March 31.
Separately the chain has named Kevin Lyons from VP to senior VP of e-commerce.
Throgmartin, son of the chain’s late chairman Jerry Throgmartin and scion of the founding Gregg and Throgmartin families, is leaving the company and his seat on the board to pursue outside interests and manage family businesses, the retailer said.
Even during this cold, hard winter, change is in the air, and in a few cases in this industry, it has little to do with “disruptive technologies” or anything of that ilk.
For instance, Sony’s decisions to sell its Vaio PC business and spin-off its TV operation may have been moves investors and Wall Street expected and been clamoring for, but to many in the industry it was disheartening. Stephen Baker, NPD Group industry analysis VP, said as much to Greg Tarr, TWICE’s executive editor, about the Vaio sale for our story that begins on p. 4.
NEW YORK — ShopKeep POS, a Cloud-based point-of-sale (POS) retail-management platform, has announced the rollout of ShopKeep Mobile, a handheld POS device combining Griffin Technology’s Olli case with the ShopKeep POS app.
Griffin’s Olli is an iPod Touch case with a barcode scanner and magnetic card reader originally designed for the health care market.
Bundled with the Shop- Keep POS app, the ShopKeep Mobile case allows for sales transactions anywhere in a store or a remote location.
RICHARDSON, TEXAS — DeviceFidelity has announced a plug-and-play solution for adding NFC secure payment capabilities to iPhones.
The company has partnered with Incipio and Otterbox to offer Isis Mobile Wallet-ready cases through AT&T retail stores.