James Loudspeaker announced this week that it has selected Parker Custom Solutions as its independent sales rep of the year for 2018. Based in Arizona, Parker has dramatically increased the sales of James’ products throughout the territory the company said.
News
Amazon Acquires WiFi Router Maker Eero
This week we learned that Amazon has acquired Eero, a start-up company that offers a mesh WiFi system. Terms of the deal were not disclosed, but the company does reveal what drew them to the still small, but rapidly growing Eero.
See why Amazon wanted Eero…
[Read more…] about Amazon Acquires WiFi Router Maker EeroSonos Reports Record Fiscal Results – Stock Immediately Tanks Double Digits
Sales Up, Profits Up…What’s Not to Like?
In what is becoming a bit of a familiar refrain in tech these days, including our report just yesterday on Control4’s results, Sonos reported record results for their fiscal first quarter on Wednesday. The company beat analysts’ expectations for revenues ($496 million vs. $491M expected) and for earnings ($0.55/share versus $0.41 expected). And yet, their stock tanked fully 17% after the announcement. Not only that, but as of 11:00AM today, Sonos stock is down another more than 13%.
What went wrong for Sonos in this positive announcement?…
[Read more…] about Sonos Reports Record Fiscal Results – Stock Immediately Tanks Double DigitsControl4 CEO Warns of Slowing Growth, Says Retrofit is Key
By most measures, Control4 had an excellent quarter and a record year in Fiscal 2018. Revenues and income were up for the quarter and the company noted that 2018 was another record year in financial performance with both revenues and profits increasing nicely.
But during an investor call, CEO Martin Plaehn warned that they are experiencing new headwinds that are slowing growth. And on the day after the fiscal results were announced, Control4’s stock got hit hard, dropping at one point more than 18% and closing down about 17%.
See what’s going on at Control4…
[Read more…] about Control4 CEO Warns of Slowing Growth, Says Retrofit is KeyPending Home Sales Decline for 3rd Month in a Row
In a result that was not expected by most industry analysts, contract signings to purchase previously owned homes dropped in December for the third month in a row. The news is widely viewed as yet another indicator of a housing industry slowdown, along with declining affordability and rising housing and mortgage costs.
See more on this drop in pending home sales…
[Read more…] about Pending Home Sales Decline for 3rd Month in a RowFoxconn Cuts 50,000 Jobs as iPhone Pain Continues
Hon Hai Precision Industry Co., the Apple, Inc. primary supplier better know as Foxconn, has cut more than 50,000 jobs as the pain from the dramatic drop in iPhone sales is taking its toll on the company. Not only that, but the company has fallen short of hiring goals to which it previously committed to the State of Wisconsin – losing major tax credits for this year.
Worse yet, the outlook for the near future, doesn’t look to improve any time soon.
See more on Foxconn’s trouble…
[Read more…] about Foxconn Cuts 50,000 Jobs as iPhone Pain ContinuesJames Loudspeaker is Jammin’
James Loudspeaker came out with multiple announcements this week that give a strong indication that the company is growing. Not only has the manufacturer of high-quality residential and commercial architectural and landscape products added a new President, but also a new Director of Marketing and even announced a new headquarters and production facility in Nevada.
See more on James Loudspeaker growth in this announcement…
[Read more…] about James Loudspeaker is Jammin’Latest Data Increases Concerns of Economic Downturn
New data from multiple sources are increasing economists concerns of an economic downturn within the next two years – perhaps even later this year. The latest readings on consumer confidence/sentiment and existing home sales show sharp downturns, sparking new debates on the real health of the economy.
See more on what data is rattling economist’s…
[Read more…] about Latest Data Increases Concerns of Economic DownturnNielsen: Americans’ Love for Music is ‘Unwavering’
Researcher Credits Audio Hardware for Helping ‘Catapult Engagement’ & Consumption
New research from Nielsen reinforces an important point for those of us in the residential home entertainment systems – no matter what the platform, Americans have an ‘unwavering love for music.’ File this report in the “Good News” department.
See the surprising resiliency of music…
[Read more…] about Nielsen: Americans’ Love for Music is ‘Unwavering’TCL Launches 8K QLED & Audio Solutions at CES
TCL, a leading global TV brand out of China, launched several new A/V products at CES 2019, including new higher end 8K QLED¹ TVs with AI, a whole new range of headphone products, and new home theater soundbars. These products not only expand their assortment, they expand their market position with higher end solutions and advanced technologies.