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Best Buy’s Profit Falls 25 Percent

Electronics retailer Best Buy Co. posted a 25 percent drop in fiscal-first-quarter earnings that reflected restructuring costs and weak sales.

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Panasonic Posts Record Annual Net Loss

Panasonic Corp. said Friday its net loss in the fiscal fourth quarter grew more than tenfold from a year earlier, as ongoing struggles at its television operations and a tax-related charge pushed the Japanese electronics conglomerate to its biggest annual loss in its 77-year history.

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Sony Forecasts End of Loss Streak

After reporting a net loss of $5.7 billion for the last fiscal year — its fourth annual loss in a row — Sony Corp. said it expects to swing back to a profit this fiscal year as its consumer-electronics and component businesses recover.

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Best Buy Details Store Closings

Best Buy on Saturday disclosed the 50 large stores it is closing as the struggling electronics retailer tries to shrink its massive footprint of about 1,100 big-box locations in the U.S.

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Samsung Spins Off LCD Business

Samsung, currently the biggest LCD panel maker in terms of sales, will spin off its unprofitable LCD operations on April 1 into a new firm, called Samsung Display Co. As The Wall Street Journal notes, analysts had widely expected the spinoff, as the LCD industry shrinks and the Korean electronics giant focuses more on higher-margin OLED screens for TV sets and tablets.

Can’t Buy Me Love … But You Can Buy Me Gadgets

What better way to show your affection than with obscure tablets and daily deals?
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Hot-Button Topic: Do Women Buy More Consumer Tech Than Men?

Women spend more than men on consumer electronics. And men spend more than women on consumer electronics. Confused yet? Here’s a different way of looking at it.
In the 1986 movie "Ferris Bueller's Day Off", Ferris got a computer, while Jeannie got a car.

CES 2012: Snooki and Bieber Are In, Gaga Is Out!

One thing the annual Consumer Electronics Show is known for, electronics aside, is the smattering of celebrities roped into tech-product promotions.
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News Byte

Report: Apple’s A5 Chip Made in Texas

Reuters reports that, according to sources, the A5 processor used in Apple’s iPhone 4S and iPad 2 is made in a sprawling 1.6 million-square-foot Samsung Electronics factory in Austin, Texas. The Korean electronics giant began supplying the A5 processors to Apple this year from the Austin plant, the story says. Both Apple and Samsung spokespersons declined to comment.

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Best Buy’s Profit Tumbles

Best Buy Co.’s quarterly earnings fell 29 percent as the electronics retailer kicked off the holiday season with significant discounting and sales weakness in most products besides mobile devices.