Online retailer Kogan.com.au has been forced to part with $32,400 in fines after he was exposed for dodgy marketing practices that involved jacking up the price of goods prior to offering a 20% discount.
On the day that they launch their iPad in Australia Apple has finally toppled Microsoft as the No. 1 ICT company, after its market capitalisation surpassed the software giant's market cap yesterday. Apple's market cap hit US$221 billion, as Microsoft's slipped to $219 billion - less than half the $556 billion Microsoft was worth in 2000.
Major retailers in Australia are predicting that Philips will call it quits in the CE market with the brand possibly ending up in the hands of a distributor. Globally the Company is struggling with profits plunging 75% due to the poor performance of the Companies consumer electronic division.