At CES Unveiled New York, held in Manhattan on November 9, the Consumer Technology Association (CTA) outlined holiday sales trends in the tech industry including those for smart home and connected health. The association also highlighted expectations for retail during the 2017 holiday season.
While smart home appliances continue to enter the market, concerns over security and privacy have not waned. The latest example of smart home vulnerabilities within the housewares industry involved LG Electronics’ robotic vacuums and other smart home appliances.
iRobot continues to gain in 2017, reporting revenue growth of $205.4 million for the third quarter ended September 30, compared with $168.6 million for the third quarter of 2016.
Samsung has introduced new limited edition “Star Wars” versions of its Powerbot robotic vacuum cleaner, model VR7000. The result of a collaboration between Samsung and Star Wars fans, the vacuum designs are intended to captivate fans in anticipation of the December release of “Star Wars: The Last Jedi.”
CDH Fund V, L.P., a private equity fund managed by CDH Investments, has entered into a definitive agreement to purchase a “significant equity interest” in SharkNinja.
Samsung has appointed Tim Baxter to the position of president and CEO of Samsung Electronics North America, effective immediately.
Electrolux is expanding its investment in its Springfield, Tennessee, manufacturing facility. The $20 million capital investment follows a $25 million investment announced last year.
LG Electronics has launched an informative online video featuring “The Jetsons,” aimed at showcasing the company’s present and future line of connected home appliances powered by its LG SmartThinQ technology.