Amazon Fire phone was a complete disaster. As most analysts expected it, the company’s third quarter financial report was disappointing. Amazon had to take a $170 million charge “primarily related to Fire phone inventory valuation and supplier commitment costs.” What will the industry learn from Amazon’s mistake? We all know Amazon as one of the most innovative companies. A home-brewed … [Read more...]
Samsung Third-Quarter Earnings Slump
Samsung expects the third quarter to be its least profitable one in the last three years. The news is not a complete shock, but even so, it is still lower than expected. The company’s operating profit dropped by 60 percent. On Tuesday, Samsung announced an estimated 4.1 trillion won ($3.8 billion) profit for the July-September period. Analysts were expecting Samsung to make at least 5.6 trillion … [Read more...]
Americans Turn Away from Jeans, Hello Yoga pants!
Associated Press reports that jeans sales have decreased by 6 percent in the last year. The move happened as a growing number of Americans turned their faces away from the iconic American pants and chose yoga pants instead. The trend is more prominent among women, but men seem to have lost interest in wearing jeans too. NPD Group, a market research company, announced that sales of ‘active … [Read more...]