On Tuesday, Panasonic Corp raised its full-year operating profit forecast by more than 50% on the back of heightened demand for its batteries from pandemic-driven purchases of home appliances, sales of 5G equipment and Tesla Inc cars. The strong performance… Read More ›
Basing itself on its quarterly earnings, which beat estimates based on strong demand for its home appliances from people stuck at home due to the coronavirus-induced COVID-19 pandemic, Whirlpool Corp has forecast a 2021 profit above analysts’ expectations. Demand for… Read More ›
Samsung has assured its partners that it would shoulder the burden of stocking these additional components. According to a source familiar with the matter at hand, Samsung Electronics has urged its local partners to stockpile more Japanese components in the… Read More ›
In the multi-year investigation, anitrust authorities in France have alleged that Electrolux along with other large white goods home appliance makers have collaborated to fix prices of their appliances. On Wednesday, Electrolux stated antitrust authorities in France are set to… Read More ›
Although the Trump Administration has not specifically targeted any South Korean company, many have preemptively announced potential investment plans to ward-off criticism. Potential investments plans could however sour stemming from risks from the Trump administration’s trade policies. According to a… Read More ›
The U.S. is a major export market for Sweden’s home appliances. Swedish white goods products have registered a 4.8% growth in November, whereas the white goods market in the U.S. have risen by 14.7%. Swedish News Agency, Direkt, has reported… Read More ›
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