Just one day after we reported on layoffs at Velodyne’s audio division, we received word from the company that it is authorizing the Powerhouse Alliance, a national group of distributors, for its line of subwoofers. The agreement will make Velodyne subwoofers available to Powerhouse Alliances’ nationwide network of retailers and installers.
Industry Trends
Layoffs Hit Velodyne’s Audio Division as Company Bets All on LIDAR
BREAKING NEWS
Multiple sources are reporting that Velodyne Acoustics, Inc. – a once high-flying specialty subwoofer manufacturer – has had a significant layoff in its audio division last week as the company seeks to redeploy its resources full-scale behind its LIDAR business. The company, which is driven by its enigmatic founder, David Hall, is betting its future (betting the farm, some would say) on its LIDAR technology which is used in self-driving vehicles (such as Google’s).
See more on this dramatic shift in business by a former audio high-flyer… [Read more…] about Layoffs Hit Velodyne’s Audio Division as Company Bets All on LIDAR
The Hottest New Trend in Mobile Phones? Get Ready for This: RETRO
Yogi Berra once said, “It’s like Deja-Vu, all over again!” A report out of Japan tells of a hot new trend in Europe. Apparently, the latest trend in mobile phones…is consumers going retro. Seem counter-intuitive? It’s even a bit of a fashion statement…the story originates out of Paris, France!
See why retro phones are selling like crazy in Europe…you won’t believe how much they cost!… [Read more…] about The Hottest New Trend in Mobile Phones? Get Ready for This: RETRO
CEA Launches a Working Group to Set Standards for Home Automation Device Interoperability
‘Home Automation is Experiencing Dramatic Growth’ Group Says
The Consumer Electronics Association (CEA) announced today that it has launched a new “Working Group” to develop new technical standards for the industry in order to facilitate greater device interoperability in home automation systems. The announcement was made today at the Technology & Standards Forum the group is holding now in Seattle.
What does this mean & how can you get involved?…See more below… [Read more…] about CEA Launches a Working Group to Set Standards for Home Automation Device Interoperability
Pioneer Pulls Out of AV
BREAKING NEWS
In yet another sign of dramatic changes afoot that will literally change the face of the TECH industry for years to come – news comes out of Japan that Pioneer Corp. is planning to exit the AV business by selling off its entire AV division. This news follows a similar decision made by JVC Kenwood earlier this year to pull out of consumer electronics to focus on more commercial business.
Pioneer is said to be in active negotiations with Funai Electric, a large OEM manufacturer who recently took over Philips video business, as well as other potential suitors.
Does this deal make sense? Or has the AV world gone crazy?… [Read more…] about Pioneer Pulls Out of AV
Alpine to be First to Market with Apple’s CarPlay Console System
Alpine Electronics will be the first of ultimately several companies to offer a in-car infotainment system based on Apple’s CarPlay system according to a report late last week by the Nikkei. Alpine’s system, which will likely be replicated by others, allows drivers to listen to music, view maps, as well as access other iPhone capabilities.
See more on this new Alpine/CarPlay system that is coming soon… [Read more…] about Alpine to be First to Market with Apple’s CarPlay Console System
Streaming Music is Even More Popular Than You Think
Just about every dealer and integrator (and manufacturer, for that matter) is acutely aware of how popular streaming music is with their clients/customers. Now, new industry statistics, reported on by market researcher eMarketer, provides a dramatic indicator of just how popular streaming music has become. And it is likely much more popular than you could imagine.
Just how popular are streaming music services? See below for some dramatic numbers… [Read more…] about Streaming Music is Even More Popular Than You Think
Deconstructing D&M Holdings; Company Sells Calrec Audio and Explores Other Options
Former CEO Pacor Comments on Brand Acquisition Strategy
We learned last week that D&M Holdings, also known as the D+M Group, sold off its Calrec Audio brand to Electra Partners, a London-based private equity company. D&M received £14 million ($23.1 million) for Calrec, a designer of premium audio products and live-to-air consoles for the broadcast market. The move is part of a plan to divest itself of all non-core businesses, CEO Jim Caudill has said in press reports.
See more on the company’s aggressive strategy to unload non-core businesses… [Read more…] about Deconstructing D&M Holdings; Company Sells Calrec Audio and Explores Other Options
Yamaha Updates Popular RX-V Line of A/V Receivers Adding Wireless & Streaming Services
Yamaha Corporation of America announced this week that it has updated its well-regarded RX-V line of A/V receivers adding several new and popular features such as new wireless capability, a new surround capability, and new streaming services. Included in this update are the 7.2-channel RX-V777BT, RX-V677, RX-V577…as well as the 5.1-channel RX-V477. The company notes that these models embody a rare combination of sound quality, convenience, and accessibility.
See more on this significant update to an already popular line of products from Yamaha… [Read more…] about Yamaha Updates Popular RX-V Line of A/V Receivers Adding Wireless & Streaming Services
What Happened When the Largest LCD Display Company in Japan Went Public? ‘A Disaster’
Japan Display, Inc., the largest manufacturer of LCD displays for smartphones and tablets in Japan, launched their initial public offering (IPO) on Wednesday this week amid great anticipation. It was a big listing – with a total value of $3.2 billion, it was the biggest IPO since Suntory’s food-and-beverage unit raised $3.9 billion in 2013.
