Latest news with #consumerelectronics
Washington Post
2 days ago
- Business
- Washington Post
Best Buy cuts its annual profit and sales outlook as it wrestles with tariffs
NEW YORK — Best Buy cut its annual outlook on Thursday after the nation's largest consumer electronics chain reported a profit decline and stagnating sales for its fiscal first quarter amid shoppers' worries about the economy and tariffs. The Minneapolis-based company said the outlook assumed that tariffs will remain at the current levels for the rest of the year, and 'there is no material change in consumer behavior' in the trends it has seen in recent quarters.
Bloomberg
3 days ago
- Business
- Bloomberg
Consumer AI Gadgets Will Come With a Whimper, Not a Bang
Where are all the artificial intelligence consumer gadgets? Even a year ago, it seemed tech companies were working to incorporate the technology into every physical device, from coffee makers to vacuums, making 'AI-powered' hardware seem like it would soon be as ubiquitous as 'battery-powered' electronics. Typically, tech conferences offer a glimmer of these futuristic toys. Not all of them end up hitting the market, but it's where we can dream a little about new pocket devices or household robots taking on a greater role in our lives.
Zawya
21-05-2025
- Business
- Zawya
A strategic partnership between B.TECH and WE
Cairo: the leading, most distinguished and rapidly expanding omnichannel retailer of consumer electronics and home appliances, announced a strategic partnership with WE, the largest telecommunications operator in Egypt. This partnership aims to offer a range of exclusive offers and services to WE customers through widespread network of stores across the country. Under this partnership, collaboration will take place through the WE Bonus loyalty program, enabling fixed-line internet and mobile customers to redeem their points at all stores. This step is intended to strengthen the integration between digital services and retail. Additionally, other exclusive benefits will be provided to fixed-line internet customers, contributing to an enhanced customer experience. This partnership reflects the commitment of both WE and to create real added value for customers by delivering a fully integrated shopping experience. It also aims to offer advantages to customers, from easier access to products and services to innovative reward programs that grant users numerous benefits. The partnership will also allow WE customers to benefit from the latest services offered by including mylo services, which provide flexible installment plans and a seamless shopping experience, as well as TECH CARE services that offer comprehensive technical support and maintenance solutions designed to improve customer convenience and ensure the optimal performance of their devices. Dr. Mahmoud Khattab, Chairman and CEO of expressed his delight with this partnership, saying: "This collaboration with WE represents a strategic step that reflects vision of strengthening partnerships with major national entities. At we believe in the importance of integration between the retail and telecommunications sectors to offer innovative solutions and services that improve the customer experience and meet their expectations." He added: ' Through this partnership, we aim to support digital transformation efforts by providing a smart and flexible shopping experience that combines the power of technology with retail." For his part, Eng. Mohamed Nasr, Managing Director and CEO of Telecom Egypt, said: "This partnership comes as part of our ongoing efforts to enhance customer experience by identifying and delivering what they truly need to improve their lives. We will continue to enter into such partnerships that ensure customers receive the greatest possible value." He added: "Our partnership with will allow us to offer real added value to our customers through innovative loyalty programs and an exceptional shopping experience."
Malay Mail
19-05-2025
- Business
- Malay Mail
Xiaomi pledges ¥50b to revive chip ambitions, plans decade-long push for high-end semiconductors
BEIJING, May 19 — Chinese tech giant Xiaomi will invest 50 billion yuan (RM29.7 billion) in developing high-end smartphone chips, the firm's founder said today. Xiaomi, which sells goods from smartphones to vacuum cleaners and EVs, is one of China's most prominent consumer electronics firms. Writing on social media platform WeChat to mark the 15th year since the company's establishment, Lei Jun said: 'chips are the underlying core track for Xiaomi to break through in cutting-edge technology, so we will definitely make an all-out effort'. In pursuit of Xiaomi's semiconductor ambitions, the firm has developed an investment plan involving 'at least 10 years of investment and at least 50 billion yuan', Lei added. Xiaomi took initial steps into semiconductors for smartphones with the launch of the firm's first in-house chip — the Surge S1 — in 2017. But the group was forced to halt production of the chip due to technical and financial obstacles, and has since refocused on other components as well as a move into the electric vehicle sector. 'That is not our 'dark history'. That is the path we have travelled,' wrote Lei today. Since 2021, Xiaomi's chip development program has already received 13.5 billion yuan in research and development funds for a team of more than 2,500 employees, said the billionaire entrepreneur. The announcement comes in the face of heightened technological tensions between Beijing and Washington as both nations seek to ensure access to the most advanced components. A number of Chinese firms are racing to develop their own chips with the aim of freeing themselves from reliance on foreign suppliers in the face of that rivalry. 'Xiaomi has always had a 'chip dream',' Lei wrote, adding: 'I earnestly request everyone to give us more time and patience to support our continued exploration on this road'. — AFP
Zawya
12-05-2025
- Business
- Zawya
Hisense opens first brand store in Abu Dhabi at Reem Mall
Abu Dhabi, UAE – Hisense, a global leader in consumer electronics and home appliances, proudly announces the opening of its first brand store in Abu Dhabi, and second store in the UAE. Located in the vibrant Reem Mall on Al Reem Island, the new boutique store offers a premium, hands-on environment where consumers can explore the perfect blend of cutting-edge technology and elegant design tailored for modern lifestyles. The grand opening event held on May 9, 2025 was attended by Ms. Catherine Fang, President of Hisense International, as well as influential dignitaries, business leaders, and key partners, further emphasising Hisense's role as a prominent player in the regional technology and business community. The new Abu Dhabi store provides a comprehensive showcase of Hisense's award-winning lineup of smart consumer electronics and home appliances, all designed to enhance modern living. From top-of-the-line TVs and Laser TVs to state-of-the-art refrigerators, washing machines, and air conditioners, the store demonstrates how Hisense integrates advanced AI and smart technologies to redefine convenience, efficiency, and entertainment. Visitors can also enjoy immersive product experiences, including a dedicated gaming zone designed to highlight high-performance features in action. Visitors can explore how the Hi-View AI Engine, which powers Hisense TVs, delivers vibrant, authentic viewing experiences and energy efficiency, while the ConnectLife platform simplifies daily tasks through seamless connectivity across home appliances. Interactive zones ensure a shopping experience that is both engaging and informative, offering a glimpse into the future of smart, connected living. Commenting on the launch, Mr. Jason Ou, President of Hisense MEA, said: ' The opening of our first brand store in Abu Dhabi is a proud milestone for Hisense as we continue to expand our footprint in the UAE and across the region. This store reflects our unwavering commitment to placing customers at the heart of everything we do. By showcasing our key product innovations and offering a hands-on shopping experience, we aim to strengthen connections with new and existing customers, meet their evolving needs, and deliver unparalleled convenience and service excellence. We remain dedicated to making world-class technology accessible and bringing smarter, connected living to households throughout the region.' This store launch marks an important milestone in Hisense's regional growth strategy, which includes significant investments in a new Research and Development Centre in Dubai and a manufacturing facility in Egypt and Morrocco. Recent highlights also include the opening of new stores in Saudi Arabia, Qatar, and Nigeria in 2024, all designed to deliver personalised and innovative experiences tailored to meet the changing needs of consumers in the region. Hisense has also solidified its reputation as a pioneer in sports marketing through strategic partnerships with the FIFA Club World Cup 2025 and Real Madrid. These collaborations, fuelled by the brand's innovations in sports viewing, elevate its global presence and strengthen its position on the world stage. The Hisense store in Reem Mall is now open, inviting visitors to explore its interactive zones and innovative products, and experience technology designed to elevate everyday living. For more information, please visit About Hisense Hisense, founded in 1969, is a globally recognised leader in home appliances and consumer electronics with operations in over 160 countries, specialising in delivering high-quality multimedia products, home appliances, and intelligent IT solutions. According to Omdia, Hisense ranks No. 2 worldwide in total TV shipments (2022-2024) and No. 1 globally in the 100-inch and over TV segment (2023-2024). As the first official partner of the FIFA Club World Cup 2025™, Hisense is committed to global sports partnerships as a way to connect with audiences worldwide. With 34 industrial parks, 30 R&D centres and 66 overseas companies, Hisense continues to lead the industry with a diverse range of products. With regional headquarters in Dubai, UAE, and 5 offices across the MENA region, Hisense ensures efficient manufacturing, innovation, and distribution, to meet the evolving needs of consumers in the market. Stay updated with all the latest developments on the website: For media inquiries, please contact hisense@
