2012-11-29 14:44:31 -
LONDON -- (Marketwire) -- 11/29/12 -- Leading into the holiday season, high consumer confidence as well as record thanksgiving spending could be a boon for electronic equipment companies such as Philips Electronics and Sony. Consumer confidence is at its highest level in 4 years and according to the National Retail Federation, total thanksgiving weekend spending reached around $59.1 billion as 247 million shoppers partook in the festivities. Furthermore, cyber Monday was the biggest online spending day ever, 30 percent higher than last year.
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Sony seems to have been one of the Black Friday winners, as its Windows touch-enabled Ultrabook was reportedly one of the best selling high-end notebooks. The company's Xperia TX smartphone, which was strongly featured in the latest James Bond movie, may also help to boost holiday sales. See what our analysts have to say on Sony. Follow the Link below
http://www.wallstreetactive.com/SNE29November12.pdf : ctt.marketwire.com/?release=959815&id=2334400&type=1& ..
Elsewhere in the industry, Philips recently reported that it has won its 500th contract to outfit hospital scanning rooms to make them less stressful for patients. This marks an important milestone in an intensely competitive field. On a less positive note, rumors are swirling that the company may face European Union fines relating to purported price fixing of cathode-ray tubes used in televisions and computer monitors. Analyst opinion on Koninklijke Philips Electronics accessible for free at
http://www.wallstreetactive.com/PHG29November12.pdf : ctt.marketwire.com/?release=959815&id=2334403&type=1& ..
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