Strategy in TECH...
While there were many horrible ramifications of the COVID-19 pandemic that sickened and killed many Americans and people around the world, one interesting byproduct has been a renewed look at our world of work and how it can be changed and/or improved. News organizations around the world are just now talking about the results of a recently concluded study in Iceland that may change our world of work forever.
LG Electronics Inc (LG) released preliminary results for their fiscal 2021 second quarter, and they were an eye-opener. In fact, even in the wake of their surprising decision to exit the smartphone business, the company says they booked an all-new record in the quarter.
STRATA-GEE – This is the fourth and final installment of our contemplation on the controversy swirling around MQA. I want to start by thanking Bill Leebens for the many, many…MANY hours he spent interviewing, speaking with his editor (me), writing, and rewriting these pieces. It was a lot of work that for him, I’m afraid, will largely be thankless, as one side or the other will decry his work. At the same time, Bill and I end up in a slightly different place and you can see some of my thoughts at the end of his piece. But none of that takes away from the herculean effort this topic represented and I am eternally grateful to Bill Leebens for his thoughtful approach.
Voxx International has announced that they have finalized their agreement to partner with Sharp Corporation to acquire the Home Entertainment Division of Onkyo – news that Strata-gee readers knew about last week. The news comes as a result of Onkyo shareholders voting last Friday to approve the sale of the company to Voxx’s subsidiary known as the Premium Audio Company. Not much was new here on the Onkyo front, as we already told you about the deal only covering the Onkyo and Integra brands. However, we did learn some more interesting details on the company’s attempts relative to the Pioneer and Pioneer Elite brands.
Recently, in a special Zoom presentation for Strata-gee by SnapAV executives Jeff Hindman (Chief Revenue Officer) and Kordon Vaughn (VP Marketing), I was about to learn about the company’s new brand strategy going forward. Ever since SnapAV acquired their largest division, Control4, there has been much speculation about how to address the market with two strong, well-known brands. I joked, “So what’s it going to be…ControlAV or Snap4?
It turns out I wasn’t that far off, as the executives shared with me that they would be rebranding the organization as Snap One.
In a rather terse announcement to investors posted today, Onkyo Home Entertainment Company, Ltd. announced that, by a majority vote of company shareholders, the sale of the company’s Home Entertainment Division to Voxx International has been approved. This vote of approval was widely anticipated and represents the last formality in the transfer of the company over to Voxx. This is the first time since 1945 that Onkyo’s parent company is no longer involved in the home entertainment business.
STRATA-GEE: This is the third installment of our series on the controversy engulfing MQA conducted in partnership with guest poster Bill Leebens. You can see Part 1 introduction, MQA Controversy – A True Audio Breakthrough? Or a Marketing Scam?; and Part 2, MQA – Voices Arise in Harmony with a Video Critique from ‘GoldenSound.’ In this post, we hear from proponents of MQA, most of whom remain steadfast in their support for the technology or the company (or both) – even in the face of often blistering criticism. Leebens scored an interview with no less than MQA founder Bob Stuart who calmly answered all of his questions in an interview that lasted more than two hours.
In new data from market researcher eMarketer, we learn more details on just how well e-commerce sales are doing both overall and for specific players such as Target and Amazon. It is pretty well known that as the pandemic rolled out in early Spring of 2020, Americans were thrust into quarantine and a 24/7/365 existence at home. This caused many to order their supplies from online retailers, even those consumers who had not previously ever purchased online before. Clearly, COVID was horrible for America (and the world) but good for the e-commerce business.
All online retailers did well, with companies like Walmart and Target seeing their e-commerce operations really gain some traction. But did some do better than others? Oh yeah…
Did you hear this statistic? Just this past April, a total of 4 million Americans quit their jobs, according to data recently released by the US Labor Department and reported on by the New York Times. Think about that for a moment. That April figure was the largest number of workers quitting their jobs in any one month…ever. Why? Ah…that’s a good question. I’m glad you asked…
A group of industry manufacturer sales representatives in the Southwest has partnered with Samsung to produce one of the first in-person industry dealer events in more than a year called the TOLA Expo. The event, which takes place on June 29-30, 2021 covers a huge region – organizers refer to it as a “super-regional show” – drawing from the states of Texas, Oklahoma, Louisiana, and Arkansas…hence, TOLA.
