To say that a lot has changed in the tech world in the 21 years since Consumer Electronics Daily launched Oct. 16, 2001, would be understatement at its best. One of the most profound changes has been a shift from bulky entertainment playback devices to an internet-powered, software-based world with virtual players and streamed content.
Paul and Rebecca here. It's obviously with great sadness, but also deep gratitude, that we bring you this issue of Consumer Electronics Daily as our last. Industry challenges over recent years have rendered Consumer Electronics Daily no longer economically viable.
Comcast’s Xfinity Mobile (XM) seeks expedited discovery in its complaint to thwart illegal trafficking in stolen phones (see 2211170061), said its motion Tuesday (docket 2:22-cv-01950]) in U.S. District Court for Arizona. XM especially seeks permission to serve nonparty subpoenas because certain nonparties “have significant evidence relevant to this case that they are otherwise under no duty to preserve and may destroy pursuant to their corporate document retention policies,” said the motion.
Worldwide PC shipments fell year on year for the fifth consecutive quarter as worsening macroeconomic conditions led consumers and businesses to take a cautious approach to spending, reported Canalys Wednesday. Q3 shipments fell 14% from the prior-year quarter to 105.6 million; shipments increased just 1% from Q2 on “major supply disruption” due to COVID-19 lockdowns in China, said the research firm.
Cyber Monday came in at the low end of Adobe’s and eMarketer’s forecast ranges, but it set an all-time online shopping record at $11.3 billion, 5.8% higher than Cyber Monday 2021. During the peak shopping hour -- 11 p.m.-midnight EST – consumers spent $12.8 million per minute, emailed Adobe Analytics Tuesday.
The 2022 holiday shopping season continues to be unpredictable, said National Retail Federation CEO Matthew Shay on a Tuesday call, announcing Thanksgiving weekend shopping traffic that was higher than expected.
Masimo and its Cercacor Labs subsidiary went too far in their proposed final judgment and permanent injunction against former Chief Technology Officer Marcelo Lamego when they sought to prevent Lamego and his company, True Wearables, from keeping certain confidential documents, said their objections Monday (docket 8:18-cv-02001) in U.S. District Court for Central California in Santa Ana.
Smart TVs had better-than-expected sell-through on Black Friday, Wedbush Securities analyst Michael Pachter wrote investors Monday, saying connected TVs won “the in-store wallet.” Wedbush’s in-store Black Friday consumer electronic channel checks indicated inventory and sell-through were lighter in most categories, aside from smart TVs, “even as elevated inventory threatened to overwhelm tighter demand in the current environment.”
In a retail year that has been difficult to predict, Cyber shopping days through Sunday were higher than expected despite stubborn inflation and rising interest rates. Smartphones drove over half of online sales (52%) for the first time, said a Monday Adobe Analytics report.
Sonos has 93% share of the wireless speaker category in the custom installation channel, said the company’s 10-K report filed with the SEC Wednesday. In FY ’22, ended Oct. 1, Sonos generated 21.2% of revenue through the installer solutions channel. Best Buy generated 15% of revenue.