Vizio widened its lead in the U.S. liquid-crystal-display television market in the fourth quarter, according to a new report from research firm iSuppli. Samsung and Sony lost market share from a year ago, although Sony gained ground from the third quarter.
Sony's quarterly profit dropped 8.6% as a strong yen and falling TV prices erased the boost the Japanese electronics and entertainment company got from its hit movie "The Social Network."
Electronic Arts says its fiscal third-quarter net loss widened as revenue fell, but adjusted results surpassed Wall Street's expectations -- and an optimistic outlook and stock buyback plan helped push its shares higher.
Tech layoffs came to just under 47,000 last year, according to employment-services firm Challenger, Gray & Christmas. Better still, during the next 10 years, the sector is forecast to have one of the fastest paces of job creation of any industry.
U.S. consumers spent 5% less on consumer electronics during the last holiday season compared to a year earlier, according to a new report from NPD Group. Even at discounted prices, Americans bought fewer flat-screen televisions and desktop computers, as well as lower-end digital cameras and MP3 players, according to the report.
Shoppers didn't disappoint, buying presents at both low- and high-end prices, from jewelry to shoes. Most analysts predict sales will show year-over-year increases of 3% to 4% on Thursday, when major chains post December figures and holiday totals.
Electronics retailer Best Buy has agreed to pay $399,000 to settle allegations that it advertised lower prices on its website, then charged customers higher prices at some of its stores.
Best Buy shares are plunging in pre-market trading after the giant retailer reported lower-than-expected earnings and slashed its guidance for the full year.
As the holiday shopping season kicks off, a report this month from ChangeWave forecasts that Apple will lead sales of consumer electronics, outpacing other sellers of computers, tablets and home electronics in buyers' shopping plans.
Amazon's third-quarter profits rose 16% thanks to surge in sales of electronic products such as its Kindle e-reader, the world's largest online retailer reported after the bell Thursday.