| Today's Top 3 Stories | | #1 | Why Conn's Is Hot Again: Electronics Retailer Has Secret Weapon
| | | Consumer electronics retailing was a hot sector for investors last year, but results haven't been nearly so rosy in 2014. Best Buy shares more than tripled in 2013, but they're trading 35 percent lower so far this year. Shares of hhgregg nearly doubled last year, but the stock has fallen 27 percent in 2014. Then we have Conn's. (Daily Finance)
Why This Is Important: Conn's can thank the improving real estate market for at least part of its success: Furniture, appliances and mattresses make up nearly half of the retailer's sales.
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| | #2 | Tech Spending Recovers, But It's Different
| | | It isn't what you spend, it's how you spend it. Gartner Wednesday released its outlook for worldwide spending on information technology in 2014. The overview is for modest growth of 3.2 percent, to $3.771 trillion. That is a big pickup from the 0.4 percent growth, to $3.654 trillion, in 2013. (New York Times)
Why This Is Important: All phones are smartphones now (well, almost). Mobile devices are driving the movement, notably led by enterprise systems, which are creating new systems that rely on them.
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| | #3 | Amazon Unveils Video-Streaming Device Fire TV
| | | Amazon.com on Wednesday unveiled a new set-top box to stream video and other media to television sets, an ambitious move by the Internet retail giant to break into the living room. (WSJ)
Why This Is Important: The $99.99 price tag for Fire TV puts it in direct competition with Apple's streaming device. Its $40 add-on controller, however, makes it a much more affordable gaming option than the Xbox One or PS4.
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"We will show you internal Apple documents, documents that haven't been made public before, and showed how Apple was really concerned about competition from Android, and in particular Samsung," John Quinn of law firm Quinn Emanuel Urquhart & Sullivan, which is representing Samsung in the trial, told an eight-person jury. "This new, edgy marketing strategy ... it drove Apple crazy."
| | | Blog Post of The Day | Jonny Evans: Wearable Computing Means The Death Of The Smartphone
By Jonny Evans
Wearables are the next big thing, analysts and industry watchers say. But are they right? Take your pick of hyperbolic predictions: BCC Research forecasts that the wearables sector will grow to $30.2 billion by 2018; ABI Research anticipates that 485 million wearables will be sold annually by 2018. That sounds incredibly positive, but BCC analyst Adam Weigold warns that in order for the industry to hit his firm's prediction, customers will have to feel that wearable devices offer "distinct advantages." More » |
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