The maker of the popular Beats by Dr. Dre headphones is looking to buy out its Asian partner and bring in a new investor that can provide it with fresh funds for growth, people familiar with the matter said.
Panasonic Corp. Friday posted net losses exceeding ¥750 billion ($7.4 billion) for the second straight year, dragged down by hefty restructuring charges aimed at fixing its ailing electronics business.
Google Inc. has been developing plans to launch retail stores in the U.S., said people familiar with the matter, in another sign the company is studying Apple Inc.’s playbook for building a consumer-electronics brand.
Sony Corp. posted an unexpected quarterly loss on Wednesday, demonstrating the depth of the problems facing its electronics business and deflating a sense of optimism that was reflected in a recent share-price rally.
Philips Electronics has drawn a line under its long history as a consumer-electronics company after failing to compete successfully with the likes of Apple Inc., Samsung Electronics Co. and Sony Corp. in the fast-moving industry.