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Economic Anxiety Builds with Unexpected Jump in Inflation in May; Stocks Turn Bearish

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S&P Index ytd performance in bear territory due to inflation
The S&P Index dropped 22% this year by the end-of-day Monday…a bear market

>Consumer Sentiment Hits Record Low in June

Things are changing in the economy faster now, causing a dramatic uptick in economic anxiety. The fuse was lit last Friday when the latest government data showed that inflation increased to 8.6% in May compared to last year. The reading on inflation had been widely expected by most economists to drop a point or two from the 8.3% rate of inflation reported in April. The news sent Wall Street into a tailspin as traders interpreted the increase in inflation as a heightened risk of recession.

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New Releases from Newly Independent Autonomic Upgrades Existing Systems

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The new Autonomic Advanced Music Bridge, front panel

Autonomic Controls, Inc. (Autonomic) announced Wednesday the launch of the all-new Mirage OS 7.0 operating system and the Advanced Music Bridge (AMB), both of which add exciting new features and capabilities to the company’s existing installed base of eSeries Mirage Media Streamers. The company touts the AMB as a clever way to add value to their products already in the field by providing new features now, rather than forcing users to wait for future, more extensive hardware launches.

See more from Autonomic

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Former Sony Chairman Nobuyuki Idei Dies at 84

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former Sony chairman Nobuyuki Idei
[Photo: Nikkei]

Nobuyuki Idei, former chairman and group CEO of Sony Group, has died at the age of 84. The cause of death was attributed to liver failure. His passing was announced by the company on Tuesday. Idei leaves a bit of a mixed legacy, contributing greatly during the company’s formative years but leaving during a challenging time. He is a significant part of the history of the technology industry.

Learn more about former Sony head Idei and his leadership

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CTA Membership Now Way More Precious as Assn. Raises ’23 Dues as Much as 440%

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Trade Group Says It Delivers ‘Expanded Services’

The Consumer Technology Association (CTA), the organization that owns and operates the Consumer Electronics Show, has notified members that it has “changed our [dues] structure and dues.” They weren’t kidding, depending on the membership category your company falls under, along with your annual revenues, your dues may have increased greater than five-fold, starting with your 2023 dues. Ouch!

See more on CTA’s dramatic membership dues increase

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Foxconn Raises Outlook for Year, Cites Improving Supply Chain Situation

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A Foxconn factory

Hon Hai Precision Industry Co., better known as Foxconn, the world’s largest contract manufacturer, surprised many on Tuesday when they announced they were raising their outlook for the quarter and for the year based on what they say is improving supply chain stability in China. The company is one of the largest suppliers for many companies, including Apple, Inc.

See more on what Foxconn is seeing in the supply chain

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Shelly Line of Smart Devices Gains Momentum as Integrator Buzz Builds

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Shelly products listed on URC Total Control screen
From URC press announcement of Shelly integration into Total Control

Allterco Robotics Shelly line of smart devices for residential and commercial applications appears to be gaining momentum as more and more integrators discover the line’s unique problem-solving capabilities. At least part of what is driving additional pickup by integrators is the collaboration between Allterco Robotics and URC for deep integration of Shelly devices as part of its Total Control line of home automation solutions.

See more on the uptick in dealer support for Shelly smart devices

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CEDIA Revitalization Continues as New Administration Rethinks Education

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Entrance to CEDIA Expo

See What Education CEDIA has Planned for Expo 2022

In a special briefing for the media, new CEDIA Vice President of Education and Training Amanda Beckner revealed the organization’s upcoming program for this year’s CEDIA Expo coming this Fall. It was instantly clear that Beckner, formerly involved with AVIXA education, completely understands both the importance of and the unique demands of education in a technical association.

It was also clear that the Association is taking a fresh look at ways to elevate CEDIA’s education to the next level. And that is a good thing.

See what Beckner shared about CEDIA education and show plans

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Russound Previews an Array of New Products at ISE 2022

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Russound app

Russound, a designer/developer/manufacturer of innovative audio products for the integration channel, launched an array of new products for 2022 at ISE (Integrated Systems Europe) 2022 earlier this month at the Gran Via in Barcelona, Spain. These interesting new products include a new series of landscape and rock speakers; a new, next-generation Bluetooth source kit; and a new “ultimate” Android touchscreen.

Learn all about the Russound ISE product launch preview

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In Note to Dealers on Supply Chain, Crestron Says It’s in a ‘Better Position’ Than Ever

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Crestron at Expo 2015

For the last two and a half years, many industries have struggled with supply chain issues – especially Tech. During that period of time, I’ve heard over and over from integrators who were furious at one company or another for failing to deliver on their open orders. I’ve heard expletives hurled at pretty much every brand in the industry…including Crestron.

Now, in a letter to dealers from Crestron Chief Operating Officer Daniel Brady, dealers are being told that the company is “in a better position now than ever before.”

See more on Crestron’s letter to dealers

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AKM Fire Update 3: Yet Another Step Towards Recovery, Co. Launches New Flagship Chip

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New AKM AK4499EX flagship DAC

Asahi Kasei Microdevices (AKM), part of the Asahi Kasei Corporation, and one of the world’s most significant providers of integrated circuits, particularly digital-to-analog converters (DACs) and analog-to-digital converters (ADCs), launched a new flagship stereo DAC at the IPS/High End 2022 Show last week in Munich, Germany. It is yet another notable milestone in the company’s long journey to recovery after the horrific impact of the signal event of the pandemic supply chain disaster in 2020 – a massive factory fire that destroyed a key production fab, first reported in our industry by Strata-gee.

But…can the company recover quickly enough to make a difference?

See more on this impressive new AKM DAC

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