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	<title>paulsalzman.com &#187; news</title>
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		<title>IKEA moves into consumer electronics with China venture</title>
		<link>http://paulsalzman.com/blog/2012/04/17/ikea-moves-into-consumer-electronics-with-china-venture/</link>
		<comments>http://paulsalzman.com/blog/2012/04/17/ikea-moves-into-consumer-electronics-with-china-venture/#comments</comments>
		<pubDate>Tue, 17 Apr 2012 18:58:02 +0000</pubDate>
		<dc:creator>Paul</dc:creator>
				<category><![CDATA[News Bits]]></category>
		<category><![CDATA[consumer electronics]]></category>
		<category><![CDATA[ikea]]></category>
		<category><![CDATA[news]]></category>

		<guid isPermaLink="false">http://paulsalzman.com/blog/?p=957</guid>
		<description><![CDATA[http://www.reuters.com/article/2012/04/17/us-ikea-electronics-idUSBRE83G04R20120417 By Anna Ringstrom STOCKHOLM &#124; Tue Apr 17, 2012 12:04am EDT (Reuters) &#8211; Sweden&#8217;s IKEA IKEA.UL, the world&#8217;s largest furniture maker, is set to enter the consumer electronics market with products developed in co-operation with China-based TCL Multimedia (1070.HK), IKEA officials said. IKEA, known the world over for low-price, self-assembly flat-packed furniture, plans to [...]]]></description>
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<div class="original-url"><a href="http://paulsalzman.com/blog/wp-content/uploads/2012/04/ikea.jpg"><img class="alignright  wp-image-961" title="ikea" src="http://paulsalzman.com/blog/wp-content/uploads/2012/04/ikea-300x225.jpg" alt="" width="240" height="180" /></a><a href="http://www.reuters.com/article/2012/04/17/us-ikea-electronics-idUSBRE83G04R20120417">http://www.reuters.com/article/2012/04/17/us-ikea-electronics-idUSBRE83G04R20120417</a></div>
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<div class="page" style="font-family: Palatino, Georgia, Times, Times New Roman, serif; font-size: 18px; line-height: 1.4;">
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<p>By Anna Ringstrom</p>
<p><span style="font-weight: bold;">STOCKHOLM</span> | <span>Tue Apr 17, 2012 12:04am EDT</span></p>
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<div>
<p>(Reuters) &#8211; Sweden&#8217;s IKEA IKEA.UL, the world&#8217;s largest furniture maker, is set to enter the consumer electronics market with products developed in co-operation with <a title="Full coverage of China" href="http://paulsalzman.com/places/china">China</a>-based TCL Multimedia (<span><a href="http://paulsalzman.com/finance/stocks/overview?symbol=1070.HK">1070.HK</a></span>), IKEA officials said.</p>
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<p>IKEA, known the world over for low-price, self-assembly flat-packed furniture, plans to launch a line of furniture with integrated connected television and sound systems in five European cities in June, throughout seven European countries this autumn, and in its remaining markets in the summer of 2013.</p>
<p>The televisions, wireless sound systems and built-in CD/DVD/Blu-ray players with this line of furniture is designed specifically for IKEA.</p>
<p>&#8220;This is a large step for us. We will have an offer that is unique in the market,&#8221; IKEA&#8217;s living room chief Magnus Bondesson told Reuters.</p>
<p>&#8220;We are launching a new concept where you in one place can buy your furniture and your electronics &#8212; designed for and matched with each other from start.&#8221;</p>
<p>The furniture aims to solve the challenge of living room clutter of cords and remote controls, he said.</p>
<p>Tolga Oncu, sales chief at IKEA Sweden, said prices will start at around 6,500 Swedish crowns ($960) for the simplest combination bench unit, television and sound system.</p>
<p>&#8220;We&#8217;ve had very clear signals from customers that there is a need to be able to buy and integrate home electronics with the furniture in a simple way,&#8221; Oncu said.</p>
<p>&#8220;With the way IKEA works, the way we can offer our products at the lowest prices on the market, we are convinced that this will be a really big success.&#8221;</p>
<p>He declined to comment on costs or sales and profit outlook for the new range of furniture.</p>
<p>The co-operation with TCL isn&#8217;t IKEA&#8217;s first venture outside the furniture sector. For a decade it has sold appliances developed in co-operation with Whirpool (<span><a href="http://paulsalzman.com/finance/stocks/overview?symbol=WHR.N">WHR.N</a></span>), and for the last three years it has sold appliances developed in cooperation with Electrolux (<span><a href="http://paulsalzman.com/finance/stocks/overview?symbol=ELUXb.ST">ELUXb.ST</a></span>).</p>
<p>The foundation-owned group, with 294 stores in 26 countries, grew net profit by 10 percent in its 2010/11 fiscal year to a record 2.97 billion euros ($3.88 billion).</p>
<p>TCL Multimedia sells televisions and other multimedia electronics under the brands TCL, ROWA, Thomson and RCA, according to its Website. It reported an operating profit of 883 million Hong Kong dollars ($113.81 million) in 2011, helped by a 46 percent rise in LCD televisions to 10.9 million sets.</p>
<p>($1 = 6.8022 Swedish crowns) ($1 = 0.7656 euros) ($1 = 7.7583 Hong Kong dollars)</p>
<p>(Reporting by Anna Ringstrom; Editing by <a href="http://blogs.reuters.com/search/journalist.php?edition=us&amp;n=bernard.orr&amp;">Bernard Orr</a>)</p>
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<p style="font-size: 10px;"><a href="http://posterous.com">Posted via email</a> from <a href="http://psimac.posterous.com/ikea-moves-into-consumer-electronics-with-chi">Woolgatherings</a></p>
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		<title>Welcome to the New Blog (sort of)&#8230;</title>
		<link>http://paulsalzman.com/blog/2008/08/19/welcome-to-the-new-blog-sort-of/</link>
		<comments>http://paulsalzman.com/blog/2008/08/19/welcome-to-the-new-blog-sort-of/#comments</comments>
		<pubDate>Wed, 20 Aug 2008 06:37:07 +0000</pubDate>
		<dc:creator>Paul</dc:creator>
				<category><![CDATA[Site Announcement]]></category>
		<category><![CDATA["new blog"]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[twitter]]></category>

		<guid isPermaLink="false">http://paulsalzman.com/blog/?p=145</guid>
		<description><![CDATA[It&#8217;s new and improved! Well, improved at least. I decided to get away from the pretty minimalist design and move to a design I can fill with content! Now you can benefit from the following enhancements: See my latest Twitter posts at the top of the center column. Follow me on Twitter, click here. Find [...]]]></description>
			<content:encoded><![CDATA[<!-- Start Shareaholic LikeButtonSetTop Automatic --><!-- End Shareaholic LikeButtonSetTop Automatic --><p>It&#8217;s new and improved!  Well, improved at least.  I decided to get away from the pretty minimalist design and move to a design I can fill with content!</p>
<p>Now you can benefit from the following enhancements:</p>
<ul>
<li>See my latest Twitter posts at the top of the center column. Follow me on <a title="Follow me on Twitter" href="http://twitter.com/psimac" target="_blank">Twitter, click here</a>.</li>
<li>Find links to my ventures and other sites below the Twitter posts, check out <a title="Buy an SOSCharger" href="http://www.soscharger.com" target="_blank">SOSCharger.com</a> for the super cool, self-powered cell phone charger we sell.</li>
<li>Beneath links to my ventures, find links to people I know and promote.</li>
<li>Check out the latest photos uploaded from my iPhone on the top right.</li>
<li>Support my blog! Click on a Google link or do a search.</li>
</ul>
<div>Posting will be more active on this blog now.  Be sure to enjoy Dvorak&#8217;s Tech5 podcast, which also finds its way into paulsalzman.com/blog .  Thanks for reading!</div>
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		<title>Google gah-gah over white space spectrum</title>
		<link>http://paulsalzman.com/blog/2008/05/22/google-gah-gah-over-white-space-spectrum/</link>
		<comments>http://paulsalzman.com/blog/2008/05/22/google-gah-gah-over-white-space-spectrum/#comments</comments>
		<pubDate>Thu, 22 May 2008 23:59:40 +0000</pubDate>
		<dc:creator>dvorak</dc:creator>
				<category><![CDATA[tech5]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[dvorak]]></category>
		<category><![CDATA[google]]></category>
		<category><![CDATA[mevio]]></category>
		<category><![CDATA[news]]></category>

		<guid isPermaLink="false">http://paulsalzman.com/blog/2008/05/22/google-gah-gah-over-white-space-spectrum/</guid>
		<description><![CDATA[Nine hurricanes coming. Sugar OS may be spread to other systems besides OLPC. Meanwhile the OLPC folks say the next XO 2.0 will $75? Har. Twitter gets $15 million. How to beat jet lag? Don&#8217;t eat? The Netflix box is a streaming box not download and play. This is not the way to go. Google [...]]]></description>
			<content:encoded><![CDATA[<!-- Start Shareaholic LikeButtonSetTop Automatic --><!-- End Shareaholic LikeButtonSetTop Automatic --><p><a href="http://tech5.mevio.com"><img src="http://www.mevio.com/images/shows/12115/shows/small/tech5.jpg" alt="" /></a></p>
<p>Nine hurricanes coming. Sugar OS may be spread to other systems besides OLPC. Meanwhile the OLPC folks say the next XO 2.0 will $75? Har. Twitter gets $15 million. How to beat jet lag? Don&#8217;t eat? The Netflix box is a streaming box not download and play. This is not the way to go. Google now trying to get that weird white space spectrum.<br />
<span id="more-44"></span><br />
 </p>
<p> </p>
<p> </p>
<p>Click to listen: </p>
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		<title>The Revenge of Mighty Mouse</title>
		<link>http://paulsalzman.com/blog/2008/05/21/the-revenge-of-mighty-mouse/</link>
		<comments>http://paulsalzman.com/blog/2008/05/21/the-revenge-of-mighty-mouse/#comments</comments>
		<pubDate>Wed, 21 May 2008 23:31:48 +0000</pubDate>
		<dc:creator>dvorak</dc:creator>
				<category><![CDATA[Podcast]]></category>
		<category><![CDATA[tech5]]></category>
		<category><![CDATA[dvorak]]></category>
		<category><![CDATA[mevio]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[Technology]]></category>

		<guid isPermaLink="false">http://paulsalzman.com/blog/2008/05/21/the-revenge-of-mighty-mouse/</guid>
		<description><![CDATA[Microsoft is now in the news too much. Gates still chattering about one thing or another. The company decides to bribe users to use their search engine. Microsoft Office not adding support for its own Open XML until Office 14. Apple and CBS sued over stealing Mighty Mouse name. Is Comcast irked over the set [...]]]></description>
			<content:encoded><![CDATA[<!-- Start Shareaholic LikeButtonSetTop Automatic --><!-- End Shareaholic LikeButtonSetTop Automatic --><p><a href="http://tech5.mevio.com"><img src="http://www.mevio.com/images/shows/12115/shows/small/tech5.jpg" alt="" /></a>
<p>Microsoft is now in the news too much. Gates still chattering about one thing or another. The company decides to bribe users to use their search engine. Microsoft Office not adding support for its own Open XML until Office 14. Apple and CBS sued over stealing Mighty Mouse name. Is Comcast irked over the set top boxes? GTA IV actor irked over only making $200,000 for doing voice work.University of TN prof. sending secret docs to enemies? Xbox360 copying the Wii style controller. </p>
<p></p>
<p> </p>
</p>
<p>Click to listen: </p>
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