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Monster Sales Declines & Losses Continue

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Sales Drop 30% But Losses Narrow in Recent Fiscal Quarter Report

Monster logoMonster Products Inc. (formerly Monster Cable) filed their latest quarterly results with the SEC showing that sales for their fiscal quarter ending June 30, 2018 declined to $9.1 million or 30.3% below the $13.1 million booked in the same quarter a year earlier. However, thanks to aggressive cost cutting, the company’s net loss narrowed to ($6.9 million) in the quarter as compared to a net loss of ($7.3 million) in the same period last year.

Monster’s declines continue, although at a slowing pace… [Read more…] about Monster Sales Declines & Losses Continue

Troubling Sign: New Home Sales Resume Their Decline

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Economic Storm Clouds Continue to Build

Photo of home under constructionIn what many feel is yet another sign of a brewing economic storm, sales of new single-family homes in October showed a significant drop of 8.9% below the rate of home sales in September, according to new data from the United States Census Bureau. With this result, the inventory of new homes available for sale jumped to 7.4-months, a 14% jump in unsold newly constructed homes.

See more on this troubling report on housing… [Read more…] about Troubling Sign: New Home Sales Resume Their Decline

CEDIA Tells Members Everything’s Fine; But Is It?

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CEDIA State of the Association

The Custom Electronic Design & Installation Association (CEDIA), held their annual member’s webinar where association staff and board representatives review the “State of the Association” for those members tuning in to the webcast. The polished, prepared presentation offered an upbeat assessment on the organization’s accomplishments in 2018. But, as you might suspect, I uncovered a couple of interesting issues in which I’m seeking some follow-up clarification.

See what CEDIA presented to members… [Read more…] about CEDIA Tells Members Everything’s Fine; But Is It?

Japanese Startup to Disrupt U.S. Residential Construction Market

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Photo of Takeshi HommaAs you head home from work today, take a look around you at the other commuters on the road. All around you are Toyotas, Hondas, Nissans, Suburus and the like. These are all signs of the incredible success Japan has has penetrating the U.S. automobile market – taking significant market share away from the once dominant Big Three American auto makers, GM, Ford, and Dodge/Chrysler many years ago.

Can Japan do it again? Are builders D.R. Horton, Lennar, PulteGroup, K.B. Homes at risk of the same loss of market share? If Takeshi Homma (pictured here) is successful, he hopes to help Japanese companies take a big bite of the American homebuilding market.

See this bold plan to bring Japanese companies into American homebuilding… [Read more…] about Japanese Startup to Disrupt U.S. Residential Construction Market

Research: DIY Gains Momentum in Smart Home Market

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New Data Sure to Send Shivers Down Integrators’ Spinessmart home survey graphic

In what some might view as a startling result, new research from GfK reveals that a majority of consumers (52%) said that they prefer to install their own smart home products. This result is substantially higher than the percentage of consumers who said this (43%) the last time this survey was done in 2015.

See more on this eye-opening research on the DIY market… [Read more…] about Research: DIY Gains Momentum in Smart Home Market

Klipsch Black Friday Proceeds to Aid Cancer Patients

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Klipsch logoKlipsch is doing something good with a portion of their anticipated increased holiday website revenues during the upcoming Black Friday to Giving Tuesday time period. The company will donate a portion of their proceeds to The Autumn Leaves Project – a nonprofit organization that is dedicated to aiding those who are battling one of the deadliest illnesses known, pancreatic cancer.

Read more about Klipsch using Black Friday for this charitable purpose… [Read more…] about Klipsch Black Friday Proceeds to Aid Cancer Patients

Fake News…Anchors? China Unveils AI News Anchors

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Virtual AI news anchor

The Chinese government has targeted artificial intelligence (AI) as a technology they want to dominate globally. They are pouring billions of dollars annually into AI development and directing universities to focus on the technology in all of their fundamental research.

Now, in the first public demonstration of their progress in AI technology, the state-run Xinhua News Agency has introduced and demonstrated a pair of virtual news anchors or avatars based on two known Chinese flesh-and-blood reporters.

See more on China’s new virtual news anchors using AI to read the news… [Read more…] about Fake News…Anchors? China Unveils AI News Anchors

Bowers & Wilkins Restructures in Support of R&D

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Photo of B&W's Gregory Lee
B&W CEO Lee

Bowers & Wilkins (B&W) announced today it has restructured its company in order to further its research and development initiatives. In a brief announcement, only four paragraphs long, new CEO Gregory Lee (former CEO of Samsung North America) said a new, larger research facility will open in 2019.

See more on this announcement from Bowers & Wilkins… [Read more…] about Bowers & Wilkins Restructures in Support of R&D