CE sales at Voxx dropped 5.5% to $88.9 million in its fiscal Q1 ended May 31 “largely due to many of the big box retailers cutting inventory immediately after their Q1 results,” said Voxx CEO Pat Lavelle on an earnings call Tuesday. The stock plunged 26% Tuesday to close at $6.73.

Intel “lost its way” as a U.S. semiconductor powerhouse because it suffered under the “non-technical leadership of the most important technology company in America for a decade and a half,” CEO Pat Gelsinger told a Washington Post webinar Tuesday.

U.S. linear TV ad spending will grow 4.1% to $68.4 billion this year, then trail downward over the next few years to $64.9 billion in 2026, with a slight bump in 2024 due to the presidential election and Summer Olympics, said a June eMarketer report. TV ad spending won’t return to pre-COVID-19 pandemic levels through the 2026 forecast period “and most likely it never will," it said. "The golden age of traditional TV advertising is behind us."

Whether billed as Deal Days or Black Friday in July, tech retailers got a jump on Amazon’s Prime Day with sales of their own Monday. Best Buy, Target and P.C. Richard kicked off their July sales Monday, a day before Amazon’s high-profile 48-hour Prime Day event that begins Tuesday at 3 a.m. EDT.

TCL denies Advanced Micro Devices allegations it violated Section 337 of the 1930 Tariff Act by importing smart TVs to the U.S. with graphics processing unit chips that infringe five AMD patents on GPU circuitry architecture, said TCL's filing Thursday in docket 337-TA-1318 at the International Trade Commission.

The home audio industry, facing declines in traditional categories including AV receivers and loudspeakers, should explore new opportunities in adjacent markets such as podcasting and creators, blogged Dave Kaplan, partner at consulting firm bluesalve last week.

Congress must pass a privacy law to avoid the FTC pursuing a lengthy, piecemeal rulemaking that would fail to set comprehensive, national standards, former FTC officials said in interviews.

The recent arguments of 15 tech groups that self-repair or independent servicing of smartphones, laptops and other electronic devices would expose consumers to risk of injury, force public disclosure of manufacturer trade secrets or weaken safeguards against consumer data and privacy breaches were debunked in a May 2021 FTC report to Congress that found “scant evidence to support manufacturers’ justifications for repair restrictions.”

Amazon will set a new low for Fire TV pricing at $49 for an Insignia 32-inch HD model, it said Thursday, teasing more deals before Tuesday’s Prime Day kickoff. A 50-inch Amazon-branded 4K Fire TV will sell for $99 during the 48-hour sales event, Amazon said.The discounts are 72% and 79%, respectively.

Amid an industry-wide retail promotional atmosphere reminiscent of Black Friday, Amazon got a jump on itself before Prime Days, announcing Wednesday exclusive “offers and experiences” for Prime members, including a free, one-year membership to the food delivery service Grubhub+ ($9.99 per month) with no delivery fees on eligible orders at “hundreds of thousands of restaurants” in over 4,000 cities.