BREAKING STORY: Google is set to launch a brand new search engine days after being taken to task by the Australian Federal Government. They claim that the new engine will deliver searches faster and up to 70% fresher than previous searches due to the introduction of a new indexing system called "Caffeine".
Apple is steaming ahead despite an economic slowdown, with the Company selling 6,892,000 iPhones in the last quarter compared to 1,119,000 in the year-ago-quarter. They have also posted one of their best quarters ever with revenue of $7.9 billion, and net quarterly profit of $1.14 billion, or $1.26 per diluted share. These results compare to revenue of $6.22 billion and net quarterly profit of $904 million, or $1.01 per diluted share, in the year-ago quarter. Gross margin was 34.7 percent, up from 33.6 percent in the year-ago quarter. International sales accounted for 41 percent of the quarter's revenue.
Woolworths and JB Hi Fi management have met to discuss the possibility of the mass supermarket retailer buying JB Hi Fi. ChannelNews has been told that Woolworths has appointed an external investment team to evaluate the possibility of acquiring the consumer electronics retailers who this week is set to report their latest profit results.
With all the talk about green alternatives, LED lighting is set to become a multi-billion industry in Australia, with the state and federal governments set to pass legislation dictating to both electricians and installers as to what they can install in terms of new and retrofitted lighting.
Elly Valas a leading US retail consultant and the co-author of Guerrilla Retailing has warned Australia retailers that despite an economic downturn they must not become complacent and if anything they should increase their level of service and "spend more on marketing".
Hotels are installing thousands of display screen and in room automation systems in an effort to improve guest comforts lower operating costs and beat the phasing out of traditional CRT analogue TVs. Among the industries benefitting are the display industry and Companies like Control4.
While petrol is going up consumer electronic prices are crashing with leading investment bank Citi Group claiming that the consumer electronic market is set to be impacted by continued price deflation and that the average selling price for CE goods has crashed up to 25%
Consumer technology and appliance advertisers who spend million on marketing using a media buying Company could get better performance if they focus on the people working on their account claims Richard Halmarick a former media agency boss.
Sharper Image who made a fortune selling gadgets for smart houses and then lost it all when they went belly up last year in the USA is back and they are looking for either a distributor or retailers in Australia to sell their new range of products that were launched at this year's CES show in Las Vegas.