Financial News Roundup

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GE Majap Segment Earnings, Sales Rise
Fairfield, Conn. — With nine of its business segments delivering at least double-digit earnings growth during the first quarter, GE’s consumer and industrial business — namely major appliances and lighting products — did its share to help boost overall company earnings in the year’s first three months.

Sony Ericsson Q1 Sales Slide 4%

Stockholm, Sweden — Difficult market conditions and a dearth of new products pushed first quarter sales and earnings downward at mobile phone maker Sony Ericsson.

Apple iPod Sales Lift Quarterly Sales 70%

Cupertino, Calif. — iPod sales helped push up overall fiscal second quarter sales at Apple Computer 70 percent, hitting $3.2 billion, compared with $1.9 billion in the year-ago three months.

Samsung Q1 CE Segment Sales Drop 23%
Seoul, South Korea — Restructuring efforts resulting in reduced emphasis on low- to mid-end product lines pushed sales down 23 percent in the digital media segment, namely consumer electronics, at Samsung Electronics.

Audiovox Reports Quarterly Loss

Hauppauge, N.Y. — Despite posting lower-than-expected margin and profit during its fiscal first quarter — as well as a slide in sales — Audiovox’s executives remain confident about growth during the remainder of the year.


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