Voices

Samsung Defends the Third Dimension

Samsung’s John Revie says 3D televisions aren’t a fad, and he believes there’s early evidence to prove it. Revie, a senior vice president for the Korean electronics giant and one of its top bosses in the U.S., smiles when asked what he says to skeptics who say 3D-capable HDTVs will never catch on with the masses. Since they went on sale at the end of March, Revie says sales of Samsung’s 3D televisions are already outpacing those of Samsung’s successful LED televisions at the same stage following their introduction last year.

Voices

Best Buy: Piper Downgrades on Weakening TV Prices

Piper Jaffray analyst Mitchell Kaiser this morning cut his rating on Best Buy (BBY) shares to Neutral from Buy, and chopped his price target on the stock to $49 from $54. “We are concerned about gross margin erosion in the home theater department as a result of what we expect will be significant flat panel TV price declines in the coming months,” Kaiser writes.

Apple’s iPod Touch Can Act as Remote For Music System

With an iPhone or iPod Touch, Apple’s new program Remote can convert an MP3 player into a sophisticated remote control for digital-music collections.
remote