Consumer electronic sales in Australia appear to coming back after Dick Smith today reported a 7.5% lift in sales. Big W also reported stronger sales in the toys; office, consumer electronics and home market however sales were not as good as Dick Smith, who had a poor Q3.
Good news were slim picking at Sony today, with recent earthquake, PSN hacking and falling sales in most segments the order of the day. However, despite this Sony's TV sales actually witnessed a rise over the period to March 31 to US $43,045m.
This 16 per cent jump was due to a "significant increase" in unit sales that came mostly from the
Asia-Pacific and other regions, selling 22.4 million over the past year.
Despite the Australian and US sharemarkets suffering the sharpest fall since immediately after September 11, 2001, analysts maintain the local economy remains strong on the back of retail sales figures.
Experts predict that Google Inc's purchase of advertising company DoubleClick for US$3.1 billion will be approved by US regulators despite vehement opposition from competitors Microsoft Corp and Yahoo Inc, according to a report from Reuters.
Despite recent rumours that it was close to a pull out in Australia, TiVo licensee, Hybrid Television Services - part of Kerry Stokes's recently rejigged empire - says it scuppered competition in sales over the 2010 Christmas period.
The iPhone 4 looks flash, and owners like them because they add a touch of "status" but the reality is that one in five owners of the must-have phone admit that they operate their life in overdraft mode. This is double the national average.