Strategy in TECH...
CES 2020, the big show, is about over (ending the day this was posted) and as usual there are a slew of announcements. It can be a little overwhelming with so much happening in Las Vegas, but there are some stories that flat out are just more important or interesting than others.
For many, many years the Consumer Electronics Show (CES) – an exposition hosted by the Consumer Technology Association (CTA) – was a huge part of the technology industry. In many ways, it was virtually the embodiment of tech – you HAD to go there to discover the latest products that were being shown to buyers so they could get their orders placed in time for the prime selling season starting in the fall of that year.
Korean media is reporting that Sharp, the former Japanese powerhouse brand now owned by Taiwan’s Foxconn, is late on approximately tens or even hundreds of millions of dollars worth of payments to Korean factory gear makers. Not only are they late, but they are said to be demanding even more discounts on the outstanding debt owed to multiple South Korean suppliers of factory equipment destined for use in LCD production factories. All of this is being done in violation of covenants in their purchase contracts with these suppliers.
This dispute may raise to level of government intervention.
Don’t let those smiling faces fool you…these guys are deadly serious about taking more than their fair share of the audio market. And the vehicle they’re using to drive that growth is Beale Street Audio, a brand that Vanco acquired about two years ago. From what they told me – and showed me – at this year’s 2019 CEDIA Expo in Denver, they are well on their way.
A funny thing happened this year at the 2019 CEDIA Expo…everyone I ran into kept asking me the same thing – what is the big story from the show? What’s funny is that I asked them the same question. Even when I ran into other members of the media…we often queried each other. Most kind of shrugged and would mention an item or two, but nothing that represented a major theme of the event.
However, there is an answer I came up with, but I’m not sure its the best answer…
The 2019 CEDIA Expo is in full swing and one of the busiest booths on the floor is Savant’s. The company has a large roster of new products, but perhaps most impressive were a couple of user experience upgrades that look as though they will delight clients everywhere.
MQA, a leading provider of technology that helps deliver music that is authenticated to be master recording quality but with a small enough file structure that can be easily streamed or downloaded, announced today new partners, products and music in time for the 2019 CEDIA Expo show in Denver, CO next week. Visitors to their booth at CEDIA can expect to see the new products and audition the new music.
The Consumer Technology Association (CTA) is pulling no punches when it comes to the latest revised tariff schedule being implemented by the Trump administration. The recently revised tariff schedule, which started a new round of tariffs just days ago on September 1st, with a second round scheduled to hit on December 15th means pain and uncertainty moving forward according to the CTA.
AudioControl said today they will introduce the greatest number of new products they have ever launched at a show at the upcoming 2019 CEDIA Expo taking place next month in Denver, CO. A specialty electronics supplier of high-performance residential, automotive, and commercial products, the company will show all-new home theater products, 70-volt amplifiers, and more.
Only six months to go and word has emerged that the Consumer Technology Association – the trade group behind the annual Consumer Electronics show – has proactively taken steps to avoid repeating the mistakes that caused them to endure a plethora of embarrassing headlines last year. The controversy, a self-inflicted wound, surrounded the Association’s awarding – then rescinding – of a CES 2019 Innovation Award…and retroactive cancellation of booth space for that company. The news dominated the early headlines during the January 2019 event…mostly because the matter involved sex.
