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Sonos Has Another Record Quarter…But Just Barely

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Revenues Up 3%, But Net Income Drops 6.7%

Sonos Inc. released the results for their fiscal 2022 first quarter on Wednesday and the results were mostly mixed. While a quarterly revenue record was set, net earnings dropped. CEO Patrick Spence called it “an excellent quarter, with record-setting revenue” but the tone of the company’s management seemed slightly more muted on a conference call with financial analysts as compared to previous such events. Perhaps this was because their financial performance was slightly more muted as compared to past quarters.

See more on the Sonos finanical results for Q1 2022

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Don’t Revamp Your Business for the Latest Fad Guru; Be Your Own Guru

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business guru at a trade conference

GUEST POST: All It Takes is Common Sense to Improve Your Biz

Recently, an integrator I know goes to a trade conference. The principal hears a presentation on a new way to run his business, which is already generating a solid $5-6 Million in revenues. The presenter, a sort of business guru, is impressive and has authored a book.

This guru has a “system” he wants to sell you on…

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AKM Fire Update: Co. Makes Progress, Interim Solution Shows Promise

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burned out AKM factory
[Click to enlarge] [Photo: nikogorio (Twitter)]

Commits to Deliver New DACs & ADCs in 2022!

In one of the most-read stories ever posted on Strata-gee.com, I reported on a fire in October 2020 at an AKM factory in Japan. AKM is one of the world’s largest manufacturers of large-scale integrated circuits (LSI) used in a variety of products, including digital-to-analog converters (DACs) and analog-to-digital converters (ADCs) for the audio industry. In that post, I warned you that this fire threatens to “disrupt the global supply of critical digital ICs.” It was the bright red flag of what was to become a massive supply chain headache that the world continues to struggle with to this day.

UPDATE: What’s happening now after the AKM fire

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Sony Forecasts a Record Profit; Says NOT Entering the Car Building Biz

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New Financial Info Shows Sony Continues to Transform Biz

On the eve of closing out their current fiscal year (fiscal 2021) on March 30, 2022, Sony Group announced their latest financial results for the first nine months of the fiscal year…and included a surprising new upgrade of their forecast, now saying they’ll have a record operating profit for the year. This was a high note for the company, a company that has benefitted from consumers spending more time at home playing video games on their PlayStation, thanks to the COVID-19 pandemic.

But the company also answered the question that many – including me – had about Sony entering the automobile business via their new Sony Mobile division – and in so doing, reiterated their plan to move away from a hardware-centric business.

See more on where tech leader Sony is headed

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Joe Whitaker Leaves His Integration Company to Take a Position at Origin Acoustics

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Origin Acoustics logo

Joe Whitaker, a former partner in Thoughtful Integrations out of St. Louis, MO/Dallas, TX, is leaving his integration life behind to join Origin Acoustics as its Vice President of Business Development. Whitaker has been an active promoter of Origin products in his former life as an integrator and has already been consulting with the company on products for years.

See more on Whitaker at Origin Acoustics

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Dave Nauber, Head of Classé for Nearly 20-Yrs, Leaves Company at End of March

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Dave Nauber - Sound United Director of Brand for Classe

BREAKING NEWS

In an internal email circulated to company employees on Monday, Joel Sietsema, Sound United’s Brand President of Marantz and Classé, announced a “change to the leadership structure of the Marantz and Classé organization.” That change is a big one – Dave Nauber, leader of the Classé brand for nearly 20-years, will be leaving the company at the end of March, “to pursue new opportunities.”

Read more about this change at the top of Classé

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Kaleidescape Appoints Craig Sholder as Chief Revenue Officer

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Kaleidescape CRO Craig Sholder

Kaleidescape announced on Wednesday that they have appointed Craig Sholder as chief revenue officer (CRO). The appointment is effective immediately.

See more on Kaleidescape’s new CRO

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The Two Biggest Announcements from CES 2022 Media Day Press Events

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Sony CEO Yoshida at CES 2022 media day

Warning: A Favorite Acronym has been Co-opted

So let me start by saying there was a veritable slew of introductions at CES 2022 Media Day, which took place on Tuesday before the show opened. Most of them were incremental advancements of existing product lines. Only a couple of announcements rose above the noise to catch the attention of just about everyone who attended those presentations. One from an industry stalwart…and another from out of left field (almost literally).

See the two biggest stories from Media Day at CES 2022

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Just Days Away, CES Can’t Catch a Break as More Major Exhibitors Pull Out

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CES in the past

Google, Microsoft, GM, Intel, and more Join the Exodus from CES

UPDATED 12/30/2021 – Scroll down for update – I reported last week that several major exhibitors, including one major event sponsor whose CEO was scheduled as a keynote presenter, had announced they would be pulling out of CES due to the meteoric rise in COVID infections resulting from the Omicron variant. Now we learn even more major exhibitors have decided to join the increasing line of brands heading for the exits from the industry’s largest tech event of the year.

See who else is out of CES now…

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Bowers & Wilkins Partners with China’s Formovie for Integrated Movie Package

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Living room setting with Formovie T1 featuring audio by Bowers & Wilkins

Bowers & Wilkins (B&W) announced today that they have partnered with Chinese laser projector brand Formovie to create an all-in-one solution that redefines home-theater-in-a-box. The partners are creating a dynamic combination of ultra-short throw high quality laser projector with loudspeakers built-in for a compact total A/V solution.

Learn more about the new Formovie T1 with Bowers & Wilkins inside

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