Strategy in TECH...
In a very bullish release from the Consumer Technology Association (CTA), the organization predicts that nearly half of all consumers in America (47%) will buy a technology product during Black Friday week, based on a newly completed survey. That result means 116 million Americans will buy tech – ten percent more than last year.
Two stories out of Japan caught our attention and, to our thinking, combine to show that Japan’s tech industry is still not yet out of the woods. The first story, by the Japan Times, says that troubled Toshiba’s half-year fiscal results show that their profits have now tripled. The second story, also from the Japan Times, announced that Japan Display will be laying off thousands of employees – almost a third of their workforce.
Looking like a giant modern sculpture of industrial art made out of marine-grade, black powder-coated aluminum, we first told you about James Loudspeaker’s Modular Indoor/Outdoor Theater back in August when the company previewed it to a small group of journalists there for a factory tour. Designed to be a freestanding, all-inclusive, high-performance outdoor theater, the MIOT was a brute, conceptually, visually, and sonically. Now the company is officially launching the product to the custom integration channel.
Startup software provider TRXio announced this week that it has joined Home Technology Specialists of America (HTSA) and fully participated in the organization’s Fall Conference last month in Chicago. The move is seen as another step on the road to greater awareness and acceptance of the company’s prime offering – inventory tracking software.
CT Lab, which is associated with NAPCO Media, publisher of Dealerscope and Technology Integrator, announced today that it is launching a new magazine and website call CEMBLY. CEMBLY, which the company describes as “an ambitious project,” is largely a business-to-business magazine that will target home technology professionals, interior designers, architects, builders, and building designers. The idea is to blend technology, with design, with dramatic home installations.
GoPro Inc., the individual sport camera maker who has recently diversified into the drone category, has lately seen their fortunes rise and fall…but mostly fall in the wake of their announcement that it would recall about 2,500 of their recently launched Karma drone. The news sent their stock price into a steep dive of more than 4% of its value.
In news coming out of Asia, multiple Chinese panel makers are planning to build large production factories making OLED panels – mostly for the smartphone market. Motivated in part, by Apple’s commitment to the technology, companies like BOE Technologies – China’s largest panel manufacturer – has announced plans to launch an OLED factory capable of producing 10 million smartphone panels per month.
TiO, the simple home automation solution from Anuva Automation, said this week that a Raleigh, NC-based home builder will include its systems as a standard item in the new homes it builds in 2017. Shenandoah Homes, which serves the greater Triangle market area, will include a TiO system in 75% of all the homes they build next year.
Within a span of just minutes today, we began hearing from multiple sources around the country that something was afoot at Savant Systems, LLC. Word quickly spread that the company was terminating salespeople around the country, a move that was occurring in the wake of founder Robert Madonna’s return to the company to replace former CEO William Lynch.
Samsung Electronics is in the process of recalling their recently launched Galaxy Note 7 smartphone that came with the unusual feature of self-immolation included at no additional charge. The company’s initial production run was 2.5 million units. Then, trouble ensued and the company ceased production of that version. This was followed by the production of another 1.8 million “fixed” versions. Now…they are all recalled and the model has been cancelled.
