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#12
Old 03-20-2013, 10:03 AM
liquid_celica liquid_celica is offline
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Quote from priceprince View Post :
Why are they getting out of the remote business, if they have the monopoly (pretty much) on univeral remotes? What are they going to focus on, ipad keyboard cases and crappy computer speakers?
http://news.cnet.com/8301-1001_3-...g-quarter/

"The electronics company posted an operating loss of $180 million for the third quarter of fiscal 2013 on sales of $615 million"

Although they sell a lot of remotes, the cost of doing business is even greater. However, like you, I think they're so dominant in the market that re-structuring should be able to make this division profitable.