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New JB Hi Fi Boss Talks Discounting Direct Selling & The Future EXCLUSIVE: The new boss of JB Hi-Fi, Terry Smart, claims that all the foundations are in place to grow the business and, while discounting has been rampant during the flow of Federal Government economic stimulus into the market, the market will remain buoyant moving forward.

BREAKING NEWS: JB HI FI Boss Quits Richard Uechtritz, the CEO of JB Hi-Fi, is set to quit. He will be replaced by Terry Smart. The decision by Uechtritz to quit comes after the company reported a 29 per cent lift in profits and a 23 per cent lift in sales.

Panasonic, 23% Surge In Plasma Sales And $308M Profit Panasonic, the world's largest maker of plasma TVs, has reported a profit of $360 million. In the same quarter last year, the company made a loss. It is the second quarter of profits for the Japanese company, which recently acquired a 50.2 per cent share in Sanyo.

Sony Playstation & Bravia TV Sales Crash Despite Profit Sony has record a profit in the third quarter of $870 million due to cost cutting. This resulted from the slashing of over 20,000 jobs, closing 18 per cent Sony factories and a move to third-party manufacturers for products like Bravia TVs, PlayStations and digital cameras.

Toshiba Close To Pulling Out Of LCD TV Market Toshiba is considering pulling out of the LCD TV market, according a senior executive of the Japanese company. The news comes only weeks after Toshiba revealed its new Cell TV at the 2010 CES in Las Vegas.

Sony Slashes More Jobs As Profits Evaporate Sony, which is struggling to make a profit from its consumer electronics business, has now started slashing jobs at Sony Pictures due to slow DVD and Blu-ray content sales. The move comes as Sony gets ready to announce third quarter results later this week.

LG Tries To Get Traction In OZ TV Market LG Australia, which is struggling to get traction in the flat-panel display market despite a new 'borderless' TV and a multimillion-dollar BMW giveaway promotion, is set to launch a new range of flat-panel TVs, including a new 15-inch OLED model, in time for the 2010 World Cup in June.

More Free TVs From LG Following its Christmas bonus campaign, LG has announced a new promotion where users who purchase selected TV models this month will receive a bonus 32-inch Full HD LCD TV valued at $999.

Samsung Hits Record Profits Samsung has reported a net income of 9.64 trillion won (AU$9.34 billion) for 2009, with the company attributing this increase to strong flat screen TV and mobile phone sales, as well as higher prices for memory chips.

Loewe TVs Score Design Award Loewe has announced that its Art SL and Connect TVs have been honoured with the Good Design Award 2009 from the Chicago Athenaeum Museum of Architecture and Design.

Low Price GFK Data Hurting Technology Industry A move by GFK, which has been described as "dangerous", to issue weekly comparison pricing is eroding margins in the consumer electronics market, claim several major vendors. They say that mass retailers are responding to the "lowest price" information by immediately cutting their margins and that this is not good for the industry.

Samsung Cuts Ties With Struggling Sony Samsung Electronics has parted company with Sony in the development of a new LCD manufacturing plant, after the Japanese manufacturer struggled to commit to half of the $1.5 billion needed to build the new 9th-generation plant.

Notebooks & DPVR Sales Up TVs & Digital Cameras Down Says GFK Despite big discounts, free Blu-ray players and bundled PS3 and Xbox 360 consoles running into the peak Xmas-New Year buying period, demand for flat-panel TVs fell in December by 1 per cent, while million dollar promotions failed to lift the digital camera market, which saw sales fall off 11 per cent, according to new GFK Australia data.

Doing Business With GFK Is High Risk Claims Mass Retailer EXCLUSIVE: Leading global research Company GFK is set to hold a crisis meeting next week with consumer electronics retailer JB Hi Fi, which has banned the research Company from obtaining confidential information from its stores. We can also reveal that another mass retailer is also considering a ban on GFK.

Former Senior Samsung Exec Gets Top Sharp Role Long-time Samsung executive Mark Beard is the new marketing head at Sharp. The appointment follows the recent resignation of Laurie Nolan.

Soniq To Release LED And IP TVs 2010 is going to be a big year for Soniq, with the company launching a new line of products including LED, IP-enabled, and outdoor TVs.

Predictions For TV And Display Market In 2010 Prices for flat panel TVs are set to rise in 2010, claim leading analysts at this year’s CES in Las Vegas. They are also tipping that we'll see a new generation of TVs in time for the 2010 World Cup in June. David Hsieh Vice President, Greater China Market, for DisplaySearch has tipped the following for the display market in 2010.

Sony Bravia TVs To Be Made By Sharp Sony, which is struggling to make a profit from selling Bravia TVs, has acquired a 7.04 per cent stake in a Sharp TV factory that will manufacture and assemble display panels for selected Bravia T's. The rest of the range will be made by low-cost manufacturers in China and Taiwan.

Flat Panel TV Sales Hit Record Levels LED To Be Hot In 2010 As flat panel TV sales soar in Australia, analysts are tipping that LED will be the hot display technology in 2010, with over 26 million units set to be sold globally.

New TV Rules In 2010 Free TV Australia has welcomed the registration of the Commercial Television Industry Code of Practice by the Australian Communications and Media Authority.

Struggling Sony Boss Wants To Stay So far he has failed to deliver any profits, but Sony Chairman Howard Stringer wants to remain the company's Chief Executive for at least another three years, according to an interview the Welsh-born executive has given to BusinessWeek.

LED Backlight Desktop Monitors Set To Be Big In 2010 Demand for slim energy-saving flat panel TVs is growing rapidly, with vendors now working to deliver a new generation of desktop monitors with similar features and LED backlighting, claims research Company DisplaySearch.

Navigation, MP3 Players And Digital Cameras Sales Set To Crash Leading research company GFK has said that the consumer electronics market will decline despite reaching over $681 bn in sales and, while the Australian market is still growing, the USA will decline 12 per cent and Europe 36 per cent.

Laser TV Company Forced To Sell Assets To Sydney Uni for $1 ASX-listed Arasor International, the company that 3 years ago told the world that it was set to launch Laser TV in partnership with Mitsubishi, is today offloading a broadband asset to Sydney University for $1 in an effort to reduce the company's 'burn rate'. It has also failed to lodge any financial reports for the last financial year.

Samsung Sues Sharp In LCD Technology Tit For Tat First it was Sharp suing Samsung over LCD TV patents, now Samsung is set to counter-sue Sharp with claims that the Japanese company infringed on Samsung's patent rights for liquid crystal display devices.

Secret New Sony TV Technology To Take On Samsung Sony is secretly working on a brand new TV technology, which, insiders claim, could be the saviour of the company. The technology is not LED or OLED but a spin-off technology that insiders claim is easier and cheaper to manufacture than current display technology.

Sony Blames Samsung For Their Bravia TV Problems Sony who has failed to deliver any profits selling their Bravia LCD TVs is now trying to blame Samsung for their woes. They have also admitted that they are having problems producing large screen OLED TVs which is why the company is focusing on 3D TVs.

2,000 Screen IGA TV Network Could Flop Supermarket group IGA is set to invest in a 2000 screen in-store retail TV network after both Coles and Woolworths dropped the idea. The network will be fuelled by Co-op dollar advertising as well as local services advertising.

New Nine Deal For Samsung As Capex Lifted To $8 Billion As Sony struggle to make a profit, arch rival Samsung Electronics has said that they are set to increase capital expenditure to $8 Billion dollars next year.

CEDIA Attacks TV Power Plan Federal and State Authorities in Australia who are keen to push for tougher power management regulation, for plasma and LCD TV’s are watching with interest the decision by the California Energy Commission to introduce mandated regulations for flat panel TV’s.

OZ Takes To Digital TV Say Minister More than 56 per cent of Australian households have made the switch to digital free-to-air television, according to a Federal Government survey.

Desperate Sony Makes SOS Call Sony, who lost the Beta Vs VHS battle, then spent hundreds of millions of dollars on robots that no one wanted and roll in motion MP3 players that were the joke of the industry, is now convinced that consumers will flock to their products to buy content.

Mildura Moves To Digital-Only TV Senator Stephen Conroy has confirmed that Mildura and the Sunraysia region will be switching to digital-only television on June 30, 2010.

Sony Tips Lower Losses Panasonic Bigger Profits Sir Howard Stringer the CEO of struggling Japanese consumer electronics Company Sony believes that he is closer to turning the Company around after slashing 16,000 jobs, closing 8 factories and moving production of Sony branded products to third party manufacturers.

Sony To Revamp $5B AD Spend As Desperation Sets In As Sony ramps up to relaunch their struggling brand around the 2010 Soccer World Cup senior executives in the Company are moving to totally restructure Sony marketing after admitting that brands like Samsung, Nintendo, Apple and Panasonic have done a “far better” job than Sony during the past 18 months.

Sharp to Make Sony Bravia LED TVs Sony, who has been forced to move to third party manufacturers to make their Bravia LCD TVs, has cut a deal with Sharp to make backlight LED TVs. The deal will see Sony go head to head with Samsung who are the market leader in backlight LED TVs.

Sony Bravia TV Struggles Up Against Strong Samsung Sony who is struggling to resurrect their Bravia LCD TV brand got some more bad news overnight, when it was revealed that they have been pushed into third place in the US market behind Samsung and the Vizio brand.

Get Bonus Gear With Teac Promotion Teac announced that it will give a bonus item to consumers who purchase selected products.

Millions In Gifts Will Boost Flat Panel TV Sales Say GFK HD TV vendors are hoping that their new flat panel TV offerings fly off the shelves during the next few weeks with many of them now giving away millions of dollars worth of 22” and 26” flat panel TV’s to Sony PS3 and Xbox 360 gaming consoles to BMW motor cars to home theatre kits and Blu ray players.

More HD Gifts From Panasonic Panasonic has increased the number of bonus Blu-ray Home Theatre Systems and DVD Recorders in its Viera Christmas promotion by a total of 8,000 units (4,000 units of each).

Toshiba Gives Away 5,000 Netbooks Customers who purchase a Toshiba high definition LCD TV from its Regza ZV600A or XV600A series can receive a bonus netbook valued at $699.

Flat Panel TV Sales Entering Twilight Zone Claim Samsung The flat panel TV market that is currently booming is set to enter a “twilight” zone and then start declining say Samsung executives. Others say there is at least two years growth left inthe market.

More Sony PS3s To Be Given Away In order to drive its TV sales in the next coming weeks, Sony has added 10,000 PlayStation 3s to its Bravia Promotion.

Commercial Display Market Booming Foxtel Set To Help As Samsung and Panasonic go head to head in the commercial display market, new research shows that the Pro AV market is booming with LCD and LED display screens starting to get traction.

Sony OZ Boss Responds To Pay Rise Claims The Managing Director of Sony Australia Carl Rose and Sales Director David Hargreaves have said that they did not receive increases in remuneration during the 2008/2009 financial year when Sony Australia staff were being laid off. They say that the last time they got a pay rise was on the 1st April 2008.

Ultra HD TV To Replace HD TV Just when you are getting use to HD TV a brand new TV technology is set to burst forth called Ultra HD that delivers a TV picture at up to 16 times the resolution of 1080p.

Sharp In The Red As LCD TV Prices Fall Sharp, has posted a loss of $196 Million, this is 1 billion less than what Sony who is set to use Sharp to manufacture display panels for their Bravia LCD TV's reported on Friday.

Panasonic Back In The Black As OZ Sales Roar Panasonic, who six months ago reported over $5 Billion in losses, has reported a profit for the first time in 12 months. Arch competitor Sony us still bleeding losses.

Sony Posts Massive Losses CE Income Falls 84% Sony has reported a massive loss of $1.1 billion dollars, after sales in their consumer electronics division crashed 36.5%. In Comparison Samsung earlier in the day reported profits for the quarter of $3.5 billion dollars and a 24% increase in sales of TV's and home theatre gear.

Sony Starts HD TV Price War Desperate to regain lost market share in the HD TV market, Sony is this weekend offering a 40” Sony Bravia 200Hz TV for $1,895, according to advertising in national newspapers. The deal also includes a free $499 Slim Sony PS3.