Quite a legacy Philip Schoonover built over at Circuit City, eh? He announces his resignation as chairman and CEO and, bang, the company’s stock spikes almost 10 percent in extended trading. Seems leaving Circuit City was the best thing Schoonover has done for the struggling consumer electronics retailer since he accepted the CEO gig in 2006.
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Blu-ray will be obsolete in five years. That’s not exactly the endorsement the consumer electronics industry needs as it heads into the holiday shopping season. But it’s the one Andy Griffiths, director of consumer electronics at Samsung UK, has given. In an interview with Pocket-lint, Griffiths said longevity isn’t one of Blu-ray’s strong suits.
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Now that Sony has completed its transformation from disruptive innovator to struggling consumer electronics player, it’s embarking on its next big corporate makeover: reinvention as “a global provider of networked consumer electronics and entertainment.” And so it’s begun offering a video-downloading service for its PlayStation 3 videogame console.
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