This has to rank up there with one of the most spectacular product failures in tech history. According to leaked documents acquired by Insider, Amazon’s “Worldwide Digital” unit – the unit that includes Echo smart speakers, Alexa voice technology, and Prime Video streaming – lost over $3 billion in just the first quarter of this year. It is on pace to lose $10 billion for the year and the company has announced its largest layoffs ever – cutting more than 10,000 jobs…many targeted to hit this division specifically…as Amazon reorients their business strategy.
Findings Place Apple, a Separate Dispute, into Legal Crosshairs
Masimo Corp. (NASDAQ: MASI), the owner of major audio company Sound United, revealed last week that it had received a favorable ruling against a former employee who was found by the Honorable Judge James V. Selna of the United States District Court of the Central District of California, to have stolen numerous company trade secrets and then employed them in the design of a competitive product and in numerous patent applications. With this conclusion, Masimo earned a long, hard-fought win that gives them positive momentum as they head to court again against a bigger combatant.
Why is this case – Masimo vs. True Wearables – particularly notable? Because alongside this action, Masimo is also suing Apple, Inc. on many of the same issues – a case that has just been incredibly bolstered by the District Court’s ruling against True Wearables and its founder Dr. Lamego.
See why things are getting interesting for Masimo and hot for Apple[Read more…] about Sound United Parent Masimo Wins Big as Judge Finds Former Employee Stole Its Trade Secrets
This post will present some of the top tech stories from CEDIA Expo 2022. You know, covering a trade show like Expo has always been a particular challenge for me. As someone who is always looking for a good story, going to a trade show with hundreds of exhibits is a bit like trying to take a sip of water from a fire hose. Nonetheless, I was able to discover several stories I found particularly interesting and I hope you’ll like them too.
Read on for my select tech stories from CEDIA Expo 2022[Read more…] about Select Tech Stories from CEDIA Expo 2022
NETGEAR, Inc. (NASDAQ: NTGR), a billion-dollar provider of networking gear for both the consumer and professional markets announced two new powerful wireless access points – one WiFi 6 and another WiFi 6E – targeted for the residential custom integration channel. Along with these new models, the company is also offering powerful professional services, including remote monitoring and management capability and technical support such as placement guidance and network design services.
See more on the new Netgear products and services[Read more…] about Netgear Launches New Wireless Access Points & Pro Services for Integrators at CEDIA Expo
Just in time for CEDIA Expo this week, top Sound United brand Denon announced new AV receivers, the workhorse of many, if not most, residential systems. Denon launched a new line of 8K AVRs which they say “Elevates the At-Home Cinematic Experience for All.”
See more on these new Denon receivers[Read more…] about Sound United’s Denon Brand Launches All-New 8K AV Receivers
Bowers & Wilkins (B&W) announced today it has completely updated and upgraded its remarkable 700 Series line of loudspeakers, the line just below their renowned 800 Series Diamond, with no fewer than eight new models. And, as you might suspect, with this new 700 Series the company borrows liberally from the superior technology of its flagship 800 Series.
Learn all about Bowers & Wilkins new 700 Series[Read more…] about Bowers & Wilkins Updates & Upgrades Its 700 Series with New Technology
Hunter Douglas, one of the leading makers of custom window treatments, announced this week a couple of really interesting new additions to their PowerView Gen 3 Automation line – a cool internal Rechargeable Battery, ideal for retrofit installations, and the PowerView+ Gen 3 Automation wired solution, perfect for new construction projects. The company says that these new options are both consistent with PowerView Gen 3’s principles of installation simplicity, performance reliability, and system scalability.
See more on these additions to the Hunter Douglas PowerView Gen 3 line[Read more…] about Hunter Douglas Adds Innovative Power Options to PowerView Gen 3 Automation
London-based Acoustic Energy Loudspeakers Ltd., announced today it has appointed growing high-end specialty distributor Fidelity Imports as its “exclusive new business partner for the US market.” Fidelity will take over full responsibility for sales and support of its line throughout the U.S.
See more on Acoustic Energy’s appointment of Fidelity Imports[Read more…] about Acoustic Energy Loudspeakers Names Fidelity Imports as U.S. Business Partner
Draper, Inc., an Indiana-based maker of commercial shades, announced this week that they have created a new role at the company targeted specifically at the residential custom integration channel. The new role is called Director of Residential Markets and the man filling this new role is Clint Childress.
Learn more as Draper creates new role in residential[Read more…] about Draper Creates New Role of Director of Residential Markets; Appoints Childress
In a new and interesting teardown analysis that included a cost of production comparison between the previous and the newest version of Amazon’s Echo, it appears that the company is making dramatic changes to lower the cost of their basic Echo model. Even though cost has been cut by more than half, the report says that the company still often sells it at a loss.