Always one of my favorite holidays, Thanksgiving is one of the few times where it is socially acceptable to completely stuff your face with a big, delicious meal, and veg out on the sofa watching football all day long. What could be better than that??
Archives for November 2019
Williams Sonoma launches a fun line of kitchen countertop appliances designed like popular Star Wars characters. These definitely should be on the top of your gift list for the person in your life who likes to cook…and loves Star Wars.
See Star Wars in Your Kitchen…[Read more…] about Is Darth Vader in Your Kitchen? Would You Like Him to Be?
Lots of studies have shown that consumer adoption of various smart home technologies and devices is growing…and that is undoubtedly true. But a new study shows that adoption is not as strong as it could be but for the complexity of installing and using smart home devices.
This Study has Some Chilling Data for Integrators. Check it out…[Read more…] about The Greatest Barrier to ‘Smart Home’ Adoption is Complexity, New Study Shows
The Conference Board, in conjunction with Nielsen, announced on Tuesday that consumer confidence, a widely watched economic indicator, fell in November for the fourth straight month in-a-row. Consumers, it seems, are concerned about the current business climate and employment outlook. Even so, the level remains historically high and should not provide too much of a damper on current holiday spending by consumers.
Read more on consumer confidence…[Read more…] about Consumer Confidence Drops for the 4th Straight Month in-a-Row
In new data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, the readings appear split with housing starts showing increases while new home sales declined. Housing, a prime component of the overall U.S. GDP has been in a bit of a swell over the last couple of months, driven largely by low interest rates stimulating demand for homes.
See more on the latest housing data…[Read more…] about Oct. Housing Data is Split: Home Construction UP, Home Sales DOWN
Sonos announced this week that it has acquired French AI voice control software maker Snips in a deal valued at $37.5 million. The company also released their Fiscal 2019 results in a letter to investors denoting a record year for the company – its first as a publicly traded one.
See more on Sonos’ new announcements…[Read more…] about Sonos Announces Record Fiscal 2019 Results; Acquires Snips
For a few weeks now, I’ve been chasing a rumor that both sides of the failed Sound United acquisition of Onkyo’s branded A/V business were in the throes of a major reorganization. The rumors, it seems, were true – starting with Onkyo’s announced reorganization last week…and now word that Sound United is also implementing changes to its management structure.
See what changes Sound United is making…[Read more…] about Last Week Onkyo, Now Sound United Reorganizes in Wake of Failed Acquisition Deal
Whistleblower Notified Authorities
New York State Attorney General Letitia James has filed a lawsuit against B&H Photo Video alleging that the NY retailer has operated a scheme to avoid paying the State of New York millions of dollars in taxes on money earned from manufacturer reimbursements. The State says B&H violated New York Tax Law, New York Executive Law, and the New York False Claims Act, and for this reason is asking the court for treble damages that are potentially in the tens of millions of dollars.
See more on the NY AG vs. B&H Photo Video…[Read more…] about NY Attorney General Files Action Against B&H Photo Video Alleging Multi-Million Dollar Tax Dodge
AudioControl and Josh.ai announced last week that they were partnering with an integration that will allow integrators to offer their clients a better voice-enabled home entertainment control experience. A perfect blend of the high-quality electronics from AudioControl, coupled with the natural language and privacy protecting voice automation technology of Josh.ai, means clients can simply say their commands to their system and have their system respond in new powerful ways.
See more on this new AudioControl and Josh.ai integration…[Read more…] about No Josh-ing, AudioControl & Josh.ai Partner for a Better User and Integrator Experience
Also: Consolidating Facilities & Moving Headquarters
It appears that the other shoe is dropping in the wake of the failed acquisition of Onkyo Corporation’s branded A/V division by Sound United last month, as the company now says it will reduce its overhead by cutting jobs. This appears to be the first step in a major reorganization of the company, as it seeks to right-size the organization for the industry’s new, smaller, and more competitive environment in which electronics manufacturers find themselves.