Samsung, LG Report Q2 Earnings In The Wake Of COVID-19
Two of the world’s most important, and powerful, AV electronics companies issued second quarter financial reports from South Korea Thursday showing difficult profit trajectories in the coronavirus pandemic, with both citing weakened results from its smartphone businesses, but otherwise nice gains from consumer electronics items…
CES 2021 To Be Virtual Trade Event In Wake Of COVID-19’s Re-Acceleration
It’s official — CES 2021 will be a virtual trade show this January for the first time in the consumer electronics show’s more than 50 year history — yet another victim of the COVID-19 pandemic. The event’s organizer the Consumer Technology Association (CTA) made the…
COVID-19 Pushes Streaming Businesses Over The Top
The COVID-19 crisis is intensifying the divide in consumer demand between streaming platforms and traditional pay-TV operations as illustrated by recent diverging reports on the first half performances of over-the-top content provider Netflix, and the second quarter financial of pay-TV conglomerate AT&T. This week, AT&T…
LG Display’s China OLED Fab Ramps Up As Profits Drop
LG Display formally celebrated Thursday the start of full mass production of OLED TV panels from its 8.5 Gen OLED panel fab in Guangzhou, China, but the festivities came as its quarterly reports showed a continued net loss. The Guangzhou facility, which has been slowly…
Roku: Return Of Live Sports Unlikely To Help Pay-TV Much
Roku, a leading supplier of streaming video devices and services, released Tuesday the findings of a cord cutting survey it commissioned of U.S. consumers during the COVID-19 pandemic showing traditional pay-TV services are unlikely to see many cord cutters returning as live sporting events resume….
Ups And Downs In U.S. TV Sales Start To Stabilize As Q2 Progresses
With the COVID-19 pandemic continuing to complicate the business of television selling, we thought it was high time to take the industry’s temperature again. According to U.S. market research firm The NPD Group, the impact of COVID-19 on U.S. television sales has taken some hard…
CEDIA 2020 Canceled As COVID-19 Pandemic Measures Linger
Just when you thought it was safe to go back to a trade show… CEDIA Expo 2020, the annual trade show for the custom electronics designers and installers industry, was officially canceled as a physical event for this year Thursday by show organizers facing on-going…
IFA Tech Trade Show Down Scales Live Berlin Event For COVID-19
The international technology trade show known at IFA in Berlin, Germany will be moving forward as a live, though scaled back, invitation-only three-day event this September 3-5, 2020. The reformatted “IFA 2020 Special Event,” was announced by event organizers via a virtual press conference Tuesday….
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