Strategy in TECH...
On Tuesday, Sonos, Inc. [Nasdaq: SONO] reported its first quarter, fiscal 2024 results for the period that ended December 30, 2023. While the actual numbers were a bit of a mixed bag with revenues down – even though the company embarked on a strong holiday promotional push – the company booked strong gross profit improvements and generated more cash beating Wall Street estimates. This resulted in a big jump in its share price on the next trading day.
Like many companies, Snap One brands are the subject of several discussion Groups on Facebook, some run by the company and others run by third parties. In the days following their recent announcement of existing program changes, new program mandates, and new optional programs, many dealers took to Control4-related groups on Facebook to protest the changes immediately, vociferously, and even (in a few cases) profanely. It was an outpouring of emotion that group admins and participating Snap One executives like G Paul Hess and others struggled to stay on top of.
Snap One executives told the dealers in the group of an upcoming webinar in which the company plans to explain everything regarding the program changes to their dealers.
Days after Snap One announced a major program initiative in an effort to change the integration industry business model, the company held a media presentation in which 5 members of the 23-member Control4 dealer advisory panel that helped the company design the program were made available to select members of the media for a short question and answer session. This was organized by Snap One specifically because I had asked to speak with the panel. How do I know that was the reason for this media opportunity? Because company executives told the media that I was the reason they chose to hold this event. This may, or may not, have endeared me to the other media.
Cambridge Audio, a funky, music-centric audio brand based in London whose tag line is “Made by Music” announced today a successor to its award-winning CXN V2 (the first streamer ever inducted into the What Hi-Fi? Hall of Fame) called the CXN100. Saying it is a “true generation step up in sound quality” the CXN100 brings a fresh design, new higher-grade components and is said to deliver added functionality and better overall value.
How do you maintain leadership in the technology industry year after year? If you’re Sonance, you continue to innovate and work hard to earn the ongoing support of your dealer and distributor network. Sonance is celebrating 40 years of innovation and it’s doing so by launching a new booth, new experiences, and no fewer than 23 new products at ISE 2024 in Barcelona, Spain this week.
Crestron Electronics, a leading industry supplier of smart home and next-gen workplace technology, announced today in Barcelona, Spain at the ISE 2024 show that its popular DM NVX AV-over-IP solution is approaching one million units installed – a major milestone achieved in just a few short years. The company salutes the integrators and their projects incorporating the technology for propelling widespread adoption of DM NVX around the country and the world.
Sonos [NASDAQ: SONO] announced this week that it will launch an all-new 8-inch in-ceiling speaker that it designed in conjunction with Sonance. Part of the company’s Architectural lineup of speakers, this new model extends both the size and the range of performance of the line.
AudioControl announced today that it has appointed Oceanic Distribution as its distributor for Australia. Based in Seattle, WA, AudioControl has long pursued a global distribution strategy. This new appointment will drive its business in Australia, a strong AV market in its own right.
Sometimes, those things most valuable in life – like air, for example – are unimportant to us until that moment we need it. For example, it does not occur to us that we rely on a safe, efficient, clean source of power until a big storm – a hurricane, tornado, forest fire, etc. – cuts it off. Mango Power offers a portable battery/inverter power station that will protect your access to clean battery-generated AC power…enough power to get you through most events…as well as enhance many other activities.
NOTE: Scroll down for a brief update – The latest economic data showing lower inflation appears to be finally registering with consumers as the latest preliminary reading of the University of Michigan Index of Consumer Sentiment jumped more than a massive 13% in just one month. This took the index to its highest reading in two-and-a-half years (since July 2021).
