Business

Alibaba posts loss, slower revenue amid lower consumption

Chinese e-commerce company Alibaba Group on Thursday posted net losses and missed market expectations for revenue in its quarter ended September amid a slowing economy and depressed consumer sentiment.

Business

Philips to cut 4,000 jobs as recall losses deepen

Dutch medical device manufacturer Philips said Monday it will slash 4,000 jobs after a massive financial hit for a recall of faulty sleep respirators pushed it into loss.

Business

Samsung Electronics forecasts 31.7% fall in Q3 profit

Samsung Electronics expects operating profits in the third quarter to fall 31.7 percent, the South Korean tech giant said in a statement Friday, after a global economic downturn hit demand for consumer electronics.

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Consumer electronics

Consumer electronics include electronic equipment intended for everyday use. Consumer electronics are most often used in entertainment, communications and office productivity. Some products classed as consumer electronics include personal computers, telephones, MP3 players, audio equipment, televisions, calculators, GPS automotive navigation systems, digital cameras and playback and recording of video media such as DVDs, VHSs or camcorders. The global consumer electronics industry is dominated by Japanese and South Korean companies.

The CEA (Consumer Electronics Association) estimates 2007 Consumer Electronics sales at 150 billion dollars.

Consumer electronics are manufactured throughout the world, although there is a particularly high concentration of manufacturing activity in Japan and South Korea. The latest consumer electronics are previewed yearly at the Consumer Electronics Show in Las Vegas, Nevada, at which many industry pioneers speak.

This text uses material from Wikipedia, licensed under CC BY-SA