Leading CE Distributor Fined A$115M, Apple Hit A$1.8 Billion
/
March 17, 2020
//0 Comment
Leading IT distributor Ingram Micro has found themselves front and centre of a fight that has seen Apple fined A$1.8 Billion by... Read More
CORONAVIRUS LIVE UPDATE: Harvey Norman Move To Close Stores
Harvey Norman has moved to close stores as analysts warn that a plunge in economic activity looms in the second quarter, as... Read More
Hibernation Economy Helping CE & Appliance Retailers
Consumers who have taken to hibernating, working from home and stocking up on food in Australia are driving CE and appliance sales... Read More
EXCLUSIVE:Lifestyle Store Claims They Are Not Going Broke Despite Rumours
The CEO of Australia’s largest retailer of premium audio and custom installation has said that they are “not going broke”, though they... Read More
Notebook Airfreight Costs Jump From $12 A Unit To $80, Brands Have To Bid For Space
Brands shipping into Australia are now being forced to bid for airfreight space. According to the CEO of Acer Darren Simmons, a... Read More
‘Sad Day For Journalism’: ACCC Boss Reviews AAP Closure
The Australian Competition and Consumer Commission has revealed its examining the upcoming closure of Australian Associated Press. The impending closure of AAP... Read More
Apple Warns Retail Workers Of iPhone Supply Shortages
Apple has warned its retail staff the company is facing shortages of replacement iPhones, according to a Bloomberg report. Retail employees received... Read More
Apple Extends Employee Travel Restrictions To Italy & Korea
Apple has extended its employee travel restrictions to Italy and South Korea following the spread of COVID-19 in both countries. The move... Read More
Aussies To Miss Out On iPhone Payout
Australian iPhone owners will miss out on payments from Apple following a US $500 million settlement over allegations it intentionally slowed down... Read More
Apple’s Damned Dependency On China
The fallout from the coronavirus outbreak has revealed Apple’s damned dependency on China and how quickly its business is compromised when things... Read More
Apple Inventory Starts To Run Out Retailers Concerned
Australia CE retailers are now concerned that inventory levels of suppliers could impact sales from April resulting in key categories such as... Read More
UPDATE: NSW Fair Trading Is Working With Ticketek To Resolve Post-Parade Party ‘Concerns’
The NSW Fair Trading Commission says it will investigate if the Sydney Gay and Lesbian Mardi Gras (SGLMG) breached Australian Consumer Law... Read More
One Month Inventory Left For Apple As Supply Plummets: Analyst
Apple only has around one months’ worth of lens inventory left and iPhone production lines will not significantly improve until the second... Read More
Apple Stock Rebounds, Strongest Day Since 2018
Shares in Apple surged 6.9 per cent on Monday, assisted by a broad Wall Street rebound and an upgraded rating from an... Read More
Harris Scarfe Saved From Collapse By Spotlight
Failed retail department store Harris Scarfe is reportedly set to make a comeback with speculation home fittings store Spotlight is lining up... Read More
Apple CEO Says China Factories Nearly At Full Production
Apple’s CEO Tim Cook says that the tech giants Chinese factories are closer to resuming full production, despite the coronavirus still grappling... Read More
Garmin Admits Profit Will Drop In 2020
Garmin Australia who last reported a $4.4 million profit on revenues of $176 million are facing several challenges including Coronavirus supply issues... Read More
UPDATE: NSW Fair Trading Responds After Mardi Gras Leaves Thousands Out Of Paid Event
The Sydney Gay and Lesbian Mardi Gras has apologised to revellers after thousands of ticket holders were left in the dark, missing... Read More
Ambertech Smashed Supply Issues Impact Both Sales & Profits
Ambertech has been smashed with their consumer lifestyle revenues slumping 12.6% to $12.6M EBIT was down 102.8 percent to a loss of... Read More
Connected Media Pick Up Bluesound, NAD + PSB
Canadian audio Company Lenbrook has officially appointed Connected Media as the distributor of their Bluesound, NAD and PSB headphones. The appointment in... Read More
BREAKING NEWS: Dow Jones Devastated By Coronavirus
The Dow Jones has plummeted down by 4.4 per cent in its worst one-day point drop in history, as fears continue to... Read More
Aboud Run Cheap As Chips Flogging Expensive TV’s
Nick Aboud the former CEO of Dick Smith who will next month face a NSW Court following the $400 collapse of the... Read More
New Crest Platinum Range Includes Data Protection & USB Charging
Crest Platinum is a leader in housing electronics and its current range of power sockets is no exception. The Crest Platinum 6... Read More
Update: Coronavirus’ Impact On Apple’s Timeline For New iPhones
Travel restrictions to China during the coronavirus outbreak have come at the time Apple’s engineers jet off to Asia to refine the... Read More
Big W First Profit Since 2016, CE A Growth Category
BIG W has reported a first half profit for the first time since 2016 with a restructuring of the consumer electronics categories... Read More
Can’t Wait To Own A Razr? Coronavirus Has Pushed Launch Date Back
Motorola has announced the launch of the highly anticipated revamped Razr has been pushed back due to the coronavirus The company said... Read More
Telstra Reveals Mandatory End To Copper Lines Delay
SYDNEY: Telstra has decided to delay the disconnection of legacy copper lines in fire-affected areas Some fire-affect regions were already taken off the schedule,... Read More
Indi Imports Showcases New Electronic Furniture Portfolio – NorStone
Indi Imports has today announced it has launched a new brand into its INDI portfolio, titled NorStone. The NorStone range is said... Read More
Samsung Halts Factory In Asia After Confirmed Virus Case
Korean-based Samsung is set to shut down operations at a plant in Gumi City, South Korea, after it was confirmed an employee... Read More
BREAKING NEWS: Acer CEO Claims Coronavirus Impact Will Be ‘Minimal’ In OZ
The global CEO of Acer Jason Chen has said that disruptions due to the Coronavirus will be “minimal” in Australia. Chen believes... Read More
Smartphones, TV’s & Video Games Shipments Slashed From China
The coronavirus (COVID-19) has potentially significant implications for the global economy, with Apple already revising its revenue guidance due to a slowdown... Read More
Coronavirus Medical Workers At Wuhan Frontline Fed By Robots
Robots have been feeding the medical workers at the forefront of the coronavirus crisis in Wuhan, serving out 36 meals every 15... Read More
Rise In NBN Means ‘Better Experience’ & Choice For Customers: ACCC
The NBN has had a growth in bandwidth and is now providing over 6.6 million wholesale residential services across Australia after over... Read More
Target A Basket Case As Officeworks, KMart & Bunnings Deliver Growth
Target is still struggling while Bunnings, Officeworks and Kmart delivering growth for Wesfarmers. Earlier today the big retail group who sold out... Read More
Cellnet Struggles Despite Aquisitions, Profits Down 65%
Brisbane based distributor Cellnet is still struggling to grow their business despite acquisitions last year in the gaming and power board markets.... Read More
Kogan Admits Coronavirus Imput Will Hurt Business
Shares in Kogan has slumped after CEO Ruslan Kogan indicated that his company which relies on house brand imports from China will... Read More
How The Coronavirus Is Disrupting Facebook’s Global Business
Misinformation and fake news about the novel coronavirus outbreak are proliferating on Facebook, prompting the global digital giant to talk to the... Read More
CE & Appliance Disties Facing Coronavirus Problems
The cashflow of several distributors supplying the consumer electronics and appliance industry in Australia are set to be hit, with many facing... Read More
ACCC Concerned Over Bunnings & Adelaide Tools Acquisition
The ACCC has today raised concerns over the stifling of competition if Bunnings successfully acquires Adelaide Tools and Oaklands Mower Centre. The... Read More
UPDATE: ACCC Responds To TPG-Vodafone Merger After Court Ruling
A $15 billion merger between Australia’s third and fourth largest telecommunications companies, Vodafone and TPG, will move ahead after the telcos beat... Read More
BREAKING NEWS: TPG and Vodafone To Merge, Loss To ACCC
In what is set to be a transformation deal, TPG and Vodafone are now able to merge – a move that is... Read More
Shopify Sales Jump After Revealing 50% Revenue Boost
E-commerce platform, Shopify, has reported its fourth-quarter revenue that exceeded analysts’ estimates and provided a strong sales forecast for the year ahead.... Read More
JB Hi-Fi Shrugs Off Coronavirus Concerns After Hike In Shares
Electronics retailer JB Hi-Fi has dismissed fears about the impact on stock and supply from the Coronavirus outbreak and is defying forecasts... Read More
Coronavirus: Foxconn Given The Green Light To Reopen Factories
The world’s biggest tech manufacturer has been given the green light to reopen factories in China despite concerns for the coronavirus outbreak.... Read More
Toll Pays The Price For Cyberattack, Expert Gives Warning
Toll Group says it has been forced to shut down its IT systems, leading to days of missed deliveries and lost parcels,... Read More
EXCLUSIVE: Dodgy Rebates & Prospectus, False Invoice Claims, Dick Smith Court Case Has It All
A day of reckoning is looming for executives of the failed Dick Smith retail chain and their auditors Deloitte, after the Company... Read More
Coronavirus Delays Nintendo Switch Production & Shipment
Nintendo has informed consumers that production of its popular Nintendo Switch consoles and several of its accessories will experience delays due to... Read More
Toll Does Not Negotiate With Hackers
Toll is refusing to negotiate with hackers, stating they will not pay the ransom required to unlock its operational systems after the... Read More
OZ Retailers Facing Major Supply Problems Due To Coronavirus
Supply of goods to Australian consumer electronics and appliance retailers could fall as much as 50% as factories in China struggle to... Read More
JVC Jumps On Air Purifying Your Car
JVC is looking to jump in the air purifying market with the unveiling of its HEPA filter cupholder-mounted air purification system –... Read More
