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Tiny Koss Scores Big Win over Giant Apple in Patent Dispute Settlement

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Koss Corporaton headquarters in Wisconsin

Expects $10-$14 Million in Licensing Fees in Current Quarter

Back in August 2020, I told you about Koss Corporation filing patent infringement claims against Apple Inc, Bose Corporation, PEAG LLC (JLAB Audio), Plantronics, and Skullcandy. It seemed like an improbable journey for the relatively small specialty headphone maker, but they plunged ahead anyway confident that their wireless audio patents had been unfairly infringed.

This week, after two years of legal battles that had intensified in 2022 and on the eve of a jury trial with mighty Apple, Inc. the two parties reached an agreement settling all disputes in a deal that looks really sweet for Koss.

See more on the big win for Koss

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Turmoil Returns to Krell; COO Walter Schofield is Out Without Explanation

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Krell Solo 375 amplifier

Several Krell-related sources, such as dealers and others, reached out to me on Monday to share the surprising news they had just received in that morning’s email – top Krell executive Walter Schofield has left the company. Other than that basic fact, dealers didn’t know much more as the terse communication from Krell contained very little information. Speculation is running rampant…

See more on what I’ve learned about developments at Krell

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Emerald Expo Offers ‘Reinvigorated’ Education for CEDIA Expo 2022

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Emerald Exposition, one of the largest exposition companies in the U.S. and the owner of the CEDIA Expo (and CE Pro), announced this week that they will be offering “reinvigorated educational programming” at this year’s CEDIA Expo 2022. This initiative will include a range of more than 150 sessions, including seminars, panels, workshops, and manufacturer product training.

See more on education at CEDIA Expo 2022

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Senate Finally Takes Action on CHIPS Act, Setting the Stage for Its Passage

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Photo of semiconductors or chips, the Senate finally takes action
[Photo: REUTERS/Florence Lo/Illustration]

More than a year after its initial introduction, and in the wake of chip manufacturers threatening to scale back their U.S. projects, the United States Senate finally took action on Tuesday to move forward on the bill known as the CHIPS Act. After months of at times heavy discussion/arguing, the stage is set for both the House of Representatives and the Senate to vote on its passage, perhaps as early as next week.

See more on this development with the CHIPS Act

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June Housing Starts Hit 9-Month Low; Single-Family Starts Lowest in 2 Years

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June housing starts drop again
[PHOTO: REUTERS/Octavio Jones}

After a dramatic double-digit drop in May, June housing starts declined again, with overall starts not only dropping below May’s rate to a nine-month low but also coming in well below the rate in June 2021. Single-family starts in June hit their lowest seasonally adjusted annual rate since July 2020.

Learn all the latest data on June housing starts

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Massive Population Shifts Coming; India to Overtake China in 2023

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This month, the United Nations released its report on the latest global population trends and it delivered quite a few surprises…and even a bit of a shock. The data shows that major population shifts are coming…and coming soon. First, in a bit of a surprise, we learn that by November 15 of this year, the world population will total 8 billion people. The U.N. says that, in the world we hope to build, that population number will represent “8 billion opportunities to lead dignified and fulfilled lives.” But it also represents 8 billion reasons to remember “our shared responsibility to care for our planet.”

And, in a bit of a shock, we learn that by next year, China will be replaced as the most populous nation in the world by India, whose rate of population growth supersedes China’s. Surprised?

Learn more on the population shifts around the globe

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Inflation Spiked 9.1% in June Exceeding Forecasts; Risk of Recession Grows

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Grocery shopper, groceries have seen big price increases

The U.S. Bureau of Labor Statistics announced Wednesday that inflation in June came in at a surprising rate of 9.1%, clearly demonstrating that – in contrast to what many economists had hoped – inflation had not yet peaked in May. This news raises the risk of an approaching economic disruption…a recession.

Read more on this inflation reading

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Crestron Announces Spotify Connect Upgrade for DM NAX 8-Zone Amplifier

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The Crestron DM NAX 8-Zone Streaming Amplifier

Crestron Electronics, Inc. (Crestron) announced today a firmware update that adds Spotify Connect to its growing selection of streaming music services available through its recently-launched DM NAX 8-Zone Network Streaming Amplifier. With Spotify Connect in the DM NAX’s firmware, users get “an elevated music experience” the company says, with control available directly through the Spotify music service or via any Crestron interface.

Learn more about Spotify Connect on Crestron DM NAX

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Housing Affordability Index Collapses to Lowest Level in 22 Years

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Latest news on the Housing Affordability Index

The latest data on home affordability from the National Realtors Association, tracked in its Housing Affordability Index, shows that housing is at its least affordable level in 22 years. And that’s not just for first-time buyers, but for home upgraders as well. Not only that, but new economic data suggests that this declining housing affordability will remain an issue for some time yet to come.

See the latest Housing Affordability Index data

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VOXX Fiscal ’23 Q1 Results Decline; Blames Chip Shortage, Retailer Over-Inventory

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Screenshot of VOXX website

VOXX International Corp. announced its fiscal 2023, first-quarter results late Monday, reporting that it saw sales declines, deepening operating losses, and a swing to a net loss in the quarter. Shares in VOXX declined 9.44% in value in trading Monday – and after-hours trading in the early evening pointed to another nearly 3% decline in shares. By comparison, the S & P 500 saw overall shares decline 1.15% on Monday.

Learn all about the VOXX FY2023/Q1 results

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