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You are here: Home / Archives for News

News

Tech Takes a Turn…Downward

January 19, 2023 by Ted Leave a Comment

Photo: Jovelle Tamayo for The New York Times

After several years of dizzying growth, the technology sector is now experiencing a notable downturn, as the post-COVID era has brought a combination of higher prices (inflation) and lower demand. In response, 2022 saw significant job cuts at major Big Tech brands that have continued on into 2023. That includes this Wednesday when Microsoft announced it was cutting 10,000 jobs – after a 1,000 job cut in October 2022 – another big blow to Tech.

But what about the more specific segments like consumer electronics and custom integration?

See the latest on tech taking a turn downward…

[Read more…] about Tech Takes a Turn…Downward

Filed Under: Financial, Management, News, People, Tech Trends, Technology Tagged With: Amazon, ChatGPT, COVID-19, Microsoft, OpenAI, recession

Trinnov Audio Appoints Its First Customer Support Manager

January 18, 2023 by Ted Leave a Comment

Chrisanne Rhodes, Trinnov Customer Support Manager

Trinnov Audio announced on Tuesday that it has created a new position at the company of Customer Support Manager and appointed Chrisanne Rhodes to the role. For a company offering highly sophisticated technologies and products, this new role is likely to be an extremely important addition to the company’s support of all levels of the market from dealers to end-users.

See more on the new Customer Support Manager role at Trinnov

[Read more…] about Trinnov Audio Appoints Its First Customer Support Manager

Filed Under: Brands, Manufacturers, News, People, Support Tagged With: Arnaud Laborie, Chrisanne Rhodes, Trinnov Audio

Sonance Shifts into Overdrive Building New Canada Resi Sales Structure

January 17, 2023 by Ted Leave a Comment

Sonance booth at a past CEDIA Expo

Sonance announced today that it has made tremendous progress in building out its new company-direct sales structure for the residential channel in Canada. Within days of launching the shift away from a national distributor based approach to an HQ-driven network, the company says it has already signed up multiple new manufacturer sales representative firms in key Canadian regions.

Learn more about the new Sonance sales structure in Canada

[Read more…] about Sonance Shifts into Overdrive Building New Canada Resi Sales Structure

Filed Under: Management, Manufacturers, News, People, Sales, Sales Reps, Strategy

AudioControl Appoints Fielder Marketing as Rep for N. Cal & N. Nev

January 12, 2023 by Ted Leave a Comment

AudioControl Maestro X9 preamp/processor

AudioControl, a manufacturer of specialty automotive and residential audio gear popular in the custom integration channel, announced this week the appointment of Fielder Marketing as its manufacturers sales representative firm for Northern California and Northern Nevada. Considered an important region for the company, AudioControl made the announcement which is effective immediately.

Learn more about the appointment of Fielder Marketing by AudioControl

[Read more…] about AudioControl Appoints Fielder Marketing as Rep for N. Cal & N. Nev

Filed Under: Manufacturers, News, People, Sales Reps Tagged With: Audio Control, AudioControl, Fielder Marketing, Mark Fielder

Masimo, Parent of Sound United, Scores Big Win in Patent Action Against Apple

January 12, 2023 by Ted Leave a Comment

United States International Trade Commission logo

Masimo (NASDAQ: MASI), a medical products manufacturer who also owns audio products maker Sound United, said this week that a U.S. International Trade Commission (USITC) Administrative Law Judge in Washington D.C. has ruled that Apple, Inc. (NASDAQ: AAPL) has violated Section 337 of the Tariff Act of 1930 by importing and selling models of their Apple Watch that incorporate light-based pulse oximetry technology that infringes on two of Masimo’s patents. Apple first introduced its pulse oximeter sensor in their Apple Watch Series 6 in 2020 and continues to incorporate it into models up to the current series.

See more on the Masimo patent win over Apple

[Read more…] about Masimo, Parent of Sound United, Scores Big Win in Patent Action Against Apple

Filed Under: Law, Manufacturers, News, Strategy, Technology Tagged With: Apple, Apple Watch, Masimo, patent infringement, Sound United

Voxx Int’l Fiscal 3rd Quarter Sales Drop 25.4%; Profits Up on Cost Cutting

January 11, 2023 by Ted Leave a Comment

cover of Voxx investor presentation

CEO Says Onkyo AVRs Offered to Costco This Year

Citing the “current state of the global economies” and “ongoing supply chain issues” Voxx International (NASDAQ: VOXX) reported the results of their fiscal 2023, third quarter this week and it was a story of more of the same, perhaps intensifying, business challenges that they identified when the company announced its second-quarter results. All of its major business segments reported sales declines – dropping double-digit percentages – with overall sales dropping 25.4% year-over-year. But the company said profits increased on aggressive cost cutting.

Learn more about Voxx Int’l fiscal 2023 third quarter performance

[Read more…] about Voxx Int’l Fiscal 3rd Quarter Sales Drop 25.4%; Profits Up on Cost Cutting

Filed Under: Brands, Financial, Management, Manufacturers, News Tagged With: Integra, Onkyo, Onkyo Technology KK, Pat Lavelle, Pioneer, Pioneer Elite, Premium Audio Company, quarterly earnings, Sharp Corp., Voxx International

Bryston Announces the Appointment of Two New Sales Rep Groups

January 9, 2023 by Ted Leave a Comment

Bryston power amplifier

Bryston, one of the top high-end electronics and loudspeaker brands, announced the appointment of two new manufacturer sales representative organizations. The company says it has appointed Fielder Marketing for Northern California and Northern Nevada; and Nova Marketing for Minnesota, North & South Dakota, and western Wisconsin.

Learn more about these two new Bryston sales reps

[Read more…] about Bryston Announces the Appointment of Two New Sales Rep Groups

Filed Under: Manufacturers, News, People, Sales, Sales Reps Tagged With: Bryston, Dave Kakenmaster, Mark Fielder, Michael Doperalski, Rich Jackson

2022 CEDIA Member Meeting was a Glossy Display of Overt Positivity

January 5, 2023 by Ted 3 Comments

2022 CEDIA Member Meeting title slide

Selling a Vision Rather than Briefing Members w/Data

CEDIA held its annual member meeting just a couple of weeks ago in mid-December. The version offered this year was decidedly different than those in the past. This is likely due to the professional association management style of the organization’s new Global President and CEO Daryl Friedman.

CEDIA and staff offered members a slick marketing package of largely pre-recorded content and carefully controlled live content. But was it too slick? Did it really brief members with a balanced picture of both the successes and the challenges that CEDIA is facing? Or was it just a form of advertisement for the association?

Learn more about CEDIA’s 2022 annual Member Meeting…

[Read more…] about 2022 CEDIA Member Meeting was a Glossy Display of Overt Positivity

Filed Under: Associations, Integrators, Management, News, Strategy Tagged With: CEDIA, Daryl Friedman, David Weinstein, ISE, Kory Dickerson

Facing NASDAQ Delisting, WiSA Given Addt’l 180 Days to Achieve Compliance

January 4, 2023 by Ted Leave a Comment

Image from WiSA website

WiSA Technologies, Inc. (NASDAQ: WISA), a developer of spatial, wireless sound technology for smart devices and home entertainment systems, announced recently that it has received an additional 180-day extension of the compliance period by the NASDAQ stock market. The purpose of the extension is to give the company additional time, until June 20, 2023, to regain compliance with NASDAQ’s minimum bid rule.

Learn all about a WiSA violation of the NASDAQ rule on minimum bid level

[Read more…] about Facing NASDAQ Delisting, WiSA Given Addt’l 180 Days to Achieve Compliance

Filed Under: Associations, Brands, Financial, News, Technology Tagged With: delisting, NASDAQ, WiSA

VOXX Intl’s Premium Audio Company Says Its COO Has Departed

January 3, 2023 by Ted 10 Comments

Premium Audio Company logo and brands

On Monday, a federal holiday, VOXX International’s Premium Audio Company (PAC) announced that Oscar Bernardo, its Chief Operating Officer, left the company on December 31, 2022. The company says – in this kind of strange, after-the-fact announcement – that Bernardo left to relaunch the Mirage speaker brand. Mirage is owned by VOXX International, which acquired it in 2006.

Learn more about the departure of Premium Audio Company’s COO

[Read more…] about VOXX Intl’s Premium Audio Company Says Its COO Has Departed

Filed Under: Brands, Management, News, People, Products Tagged With: Mirage, Oscar Bernardo, Premium Audio Company, Voxx International

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A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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