This week we learned that 11 Trading Company…part of Premium Audio Company…which itself is part of Voxx International (love those big corporate structures), has added the only remaining Onkyo brands – Teac & Esoteric – to their distribution line list. They did not include these brands in the original announcement of their agreement with Onkyo, but most people expected it to be added in time. With this new development we get a nice progression of the budding relationship between the companies – Voxx distributing Onkyo, Integra, Pioneer, Pioneer Elite, Teac & Esoteric – while Onkyo Corp. becomes the Klipsch distributor in Japan. Where could this be heading?
Barely Pausing to Catch Their Breath, Vanco Launches More New Audio Products
Chicago-based Vanco International has recently been releasing new products, especially audio products, at a furious pace. Once again, after barely stopping to catch their breath, the company is introducing five new audio products into their PulseAudio line of affordable, easy-to-integrate products for the residential and commercial markets.
Learn all about these new Vanco models…
[Read more…] about Barely Pausing to Catch Their Breath, Vanco Launches More New Audio ProductsMore Positive Consumer News as Luxury Marketer LVMH Reports Q1 Sales
LVMH, the global owner and marketer of luxury goods carrying some of the most prestigious brands, reported on Tuesday strong first quarter 2021 sales growth that handily exceeded even the most optimistic forecasts of market analysts. This is yet another encouraging sign of a significant rebound in consumer spending – especially with the type of consumer who tends to be the primary customer base for the custom integration channel.
See more on LVMH and its results with luxury consumers…
[Read more…] about More Positive Consumer News as Luxury Marketer LVMH Reports Q1 SalesTop AudioControl AVRs and Pre/Pros are Now Certified Roon Ready
AudioControl announced this week that their top-rated X-Series audio/video receivers and preamp/processors are now certified to be Roon Ready. What this means is that these models can auto-discover and connect to Roon without any user or integrator involvement with advanced configuration steps.
See more on AudioControl and Roon…
[Read more…] about Top AudioControl AVRs and Pre/Pros are Now Certified Roon ReadyConsumer Confidence Rebounds to Highest Level in a Year
Here’s some good news! In a report by the National Association of Home Builders’ writer Fan-Yu Kuo, we learn that consumer confidence in March jumped to its highest level in a year. This is the second month of increase for consumer confidence, after a more modest increase in February. This mini-trend suggests that confidence is building in consumers about their future…after a rough year.
See more on this report of Consumer Confidence…
[Read more…] about Consumer Confidence Rebounds to Highest Level in a YearOnkyo Corps’ Struggle to Survive: The Situation has Become Dire
Last Thursday, Onkyo notified the Tokyo Stock Exchange that its latest forecast for fiscal 2021 results shows that – despite their best efforts – the company remains insolvent. It was a disappointing announcement, as it means that the company’s well thought-out plans to return to solvency failed. So what happens now?
What happens to Onkyo now?
[Read more…] about Onkyo Corps’ Struggle to Survive: The Situation has Become DireBowers & Wilkins Launches 16-Ch. Distribution Amplifier
Yep, you read that right. Bowers & Wilkins (B&W) today announced that they have launched an impressive looking 16-channel distribution amplifier aimed at the custom integration channel. Long deemed by many to be the king of Hi-Fi stereo sound, the company is making a power move into a decidedly integrator mainstay category. So say “Welcome” to the new CDA-16…
Learn about the Bowers & Wilkins CDA-16
[Read more…] about Bowers & Wilkins Launches 16-Ch. Distribution AmplifierSnapAV Acquires HCA Dist. in Rocky Mountains
SnapAV announced today that they have acquired HCA Distributing, expanding their footprint of local distribution outlets around the country. HCA was founded in Denver, CO and eventually expanded to a second outlet in Salt Lake City, UT. The announcement of the acquisition was made by Trevor Hansen, SnapAV’s manager of their Volutone business unit.
See more on this acquisition of HCA by SnapAV…
[Read more…] about SnapAV Acquires HCA Dist. in Rocky MountainsSnapAV Expands Offerings by Adding Ring Products
SnapAV announced this week that they are expanding their distribution line card by adding Ring products to their online portal, as well as in their Local Pro Stores in the U.S. The company will distribute not only the regular Ring line, but also their X Line, which is reserved for professional installers only.
Learn more about Ring at SnapAV…
[Read more…] about SnapAV Expands Offerings by Adding Ring ProductsGlobal Chip Shortage Forces Cuts to iPhone Production
Foxconn, a Taiwanese company said to be the world’s largest contract manufacturer of electronics and Apple’s biggest supplier, announced on Tuesday that due to the global shortage of semiconductors they have been forced to reduce production of iPhones. It was a surprising admission of just how extensive the chip shortage has become – that it is impacting Apple, one of the biggest companies in the world with virtually unparalleled buying power.