New Delhi: Remember toy major Leo Mattel being forced to withdraw Barbie dolls from the global market because they were coated with paint containing dangerous levels of lead? The Indian government is keen to similarly empower consumers against sub-standard goods. In the works are a set of tough laws which will include the critical product liability clause, making erring manufacturers and suppliers liable to pay punitive damages.
The proposals, expected to substantially overhaul existing consumer electronics goods manufacturers
China To Surpass Us In Terms Of Consumer Electronics Sales By 2014
The global consumer electronics market is home to many consumer electronics countries, which have been successful in establishing themselves as consumer electronics giants. According to our new report, Global Consumer Electronics Market Outlook 2015, China is expected to become a leader in the global consumer electronics market, with its sales surpassing that of US by 2014. China is expected to dominate the market in the coming years on account of various factors supporting its growth.
The flourishing Chinese consumer electronics market has been backed by favorable demand, rapid technological development, and strong government support. The government has supported the market by spreading awareness about energy conservation and providing subsidies to the manufacturers to foster production of energy-efficient products. Further, the report also revealed that the shrinking urban and rural divide with the improvements in the per capita income of people coupled with changes in preferences of the people have led to a booming market for tablets and smartphones in the country. It has also identified the key players in Chinese market that have made significant contribution to the consumer electronics market. Moreover, the Chinese consumer electronics market has been forecast till 2015 to present a brief overview of the market performance in the future.
The report, Global Consumer Electronics Market Outlook 2015, also provides a detailed insight on the consumer electronics market for other major countries. Further, the performance of various products along with their respective segments has been presented in the report in order to give a clear picture of the products which would drive the market growth in future. It also discusses about the major challenges and trends that would affect the global consumer electronics market, with a focus on major players on a global platform.
Story Of Lg Electronics
LG Electronics is one of the world’s largest manufacturers of electronic devices products. As of 2009, this company is the third largest-producer of mobile phones and the second largest-producer of television sets in the entire world. Its central headquarters is situated in the LG Twin Towers in Seoul, South Korea. The organization has about one hundred and forty nine subsidiaries worldwide that manufacture different types of electronic gadgets from house appliances to telecommunication devices. Electronics is a Top 100 worldwide brand that is a dominant force to be reckoned with within the electronic devices industry.
The company started in 1947 under the trading name Lak Hui. Back then, it was not yet an electronics company but much more of a cosmetics and trading business. Then by 1958, Goldstar was set up by In-Hwoi Koo, who was the founder of Lak Hui. It should be known that Goldstar created the very first radio in Korea. The letter G in LG Electronics today traces its roots from Goldstar-its original manufacturer name.
Then within the 1960’s, Goldstar, which was the electronics division of Lak Hui expanded exponentially. By 1962, Goldstar radios had been exported to countries like the United states. In 1965, Goldstar made the first refrigerator in Korea. Then the following year, they created Korea’s first black and white television. Then in 1968, Korea’s very first air-conditioning unit was produced and followed the succeeding year. As shown here, when Electronics was still generally known as Goldstar, it was already the pioneering home appliance manufacturer in its native South Korea.
Electronics Positive And Negative Impacts On Our Lives
Electronics devices are ubiquitous in our lives. Nearly all of our working spots and living houses have TVs, computers, wired phone, cell phone, cameras, MP3/MP4 and so many more. They make our lives become easier, more wonderful and more deluxe than before. Positive impacts of these gadgets are obvious to any of us. For example:
* Electronics simplify the complexity of many manufacturing process and household work or take place of human beings to perform some risk tasks.
* The transport systems become much better, safer and more environment-friendly today as electronic devices help improve functionality, avoid accident and reduce pollution.
* The advent of computers makes the whole world transform, especially in the communication, research, working, demonstration, and investigation.
* Digital cameras, camcorders, TVs, photo frames, etc. help us get rid of the traditional way to enjoy precious memories and relive our important moments.
* Cell phones have expanded the horizons of communication. They have become part of our lives.
* Portable audio and video devices like MP4 and portable DVDs help kill our time.
* Information is more accessible and could be transferred at seconds because of the popularity of internet.
* Many more
It seems that our lives are occupied with electronics devices. Electronics advantages are visible. But its negative impacts could not be neglected.
Video Game Industry Stocks Why Is Electronic Arts More Expensive Than Activision
I was looking through gaming stocks and noticed that shares of Electronic Arts (ERTS) are trading at a much higher valuation than Activision Blizzard (ATVI). That made me wonder, Does Electronic Arts deserve to trade at a premium to Activision?
Electronic Arts is trading just under $20 per share. EPS estimates for 2010 are 43 cents per share and 62 cents for 2011. That equates to a 46 multiple on current years earnings and a 32 multiple for 2011. The 5 year growth rate is 12.8%, which is pretty optimistic considering the negative earnings growth of the past five years. Its tough to have faith in Electronics Arts management considering the poor operating efficiency. Management has graced us with a negative ROE and ROA over the past few quarters.
One of the bright spots for Electronic Arts is the companys storied brand name and solid balance sheet. Electronic Arts has cash cow franchises Madden NFL, The Sims, Battlefield, Rock Band, etc. The software developer has $1.78 billion in cash and no debt. The stock looks expensive using any valuation method including price to book and price to sales. Shares of Electronic Arts appear to be benefitting from improving trends in the video game industry. Video game sales rose 10% last month.