There was time, not so long ago, when the innovative RIM device dominated the business market, but in today’s mobile-drive world, the Blackberry is being pushed out by more advanced smartphones.
During our IGNITION 2012 conference, Grimshaw explained why switching to a Google-powered phone has convinced him that Google is well positioned to take over the business market that Blackberry once held.
“Google are placing themselves very well within the business market because the combination of the email services and the Android devices is really very powerful and it’s perhaps something that Apple doesn’t have to the same extent.”
He goes on to explain how this impacts the mobile market for publishers:
Produce by Business Insider Video
Best Buy’s biggest problem these days is “showrooming.“
Showrooming is when a consumer walks into a store, tests out a products, and buys it on the cheap elsewhere online.
Best Buy has been called Amazon.com’s showroom, a nickname that the big-box retailer has been trying to shake.
Well, it seems Best Buy Canada has an obvious plan to address this problem. The Financial Post’s Hollie Shaw reports:
“We always had a price-match guarantee, but now we have extended that to all Canadian online competitors,” [Canada operations president Mike Pratt] said while touring a Best Buy in downtown Toronto. “Showrooming is a completely price-based concept — it’s about the perception of getting a lower price somewhere. When Web pure-play competitors don’t have price, they don’t have any other advantage, quite frankly.”
If you’re in the store and you know they’re giving you the best price, then you’ll probably buy it then and there.
The issue will be profitability. Online retailers have much lower overhead costs. They don’t operate store fronts and they require fewer employees.
Nothing seems to be going right for the debt-laden countries in southern Europe.
According to the Financial Times Javier Blas, wholesale olive oil prices are at 10-year low:
“The market is in serious crisis,” said Pekka Pesonen, head of the Copa-Cogeca farming union in Brussels. “This crop is vital for the main producing countries in terms of maintaining employment in their rural areas.”
The price of premium-quality extra virgin olive oil in the wholesale market fell this month to $2,900 a tonne, the lowest since 2002 and down more than half from nearly $6,000 a tonne in 2005, according to the International Monetary Fund.
Olive oil is also suffering from a major supply glut and increased competition from cheaper vegetable oil alternatives.
As much as it’d be interesting to see Windows Phone running on a $21,000 gold-plated cigar lighter, that’s probably never going to happen. According to the UK’s Financial Times, Nokia has been trying to hive off its luxury Vertu brand for months already, and has finally found a suitor with the right cash / sense ratio. Although still far from a done deal, we’re told that venture capitalist firm Permira is willing to contribute up to $265 million to Nokia’s needy coffers — which might sound like a lot, but is mere costume jewelry to a manufacturer that just lost $1.7 billion.
Nokia could sell luxury Vertu brand to VC firm for $265 million originally appeared on Engadget on Mon, 30 Apr 2012 03:04:00 EDT. Please see our terms for use of feeds.
According to the Chicago Booth/Kellogg School Financial Trust Index (h/t WSJ’s Sudeep Reddy), only 23% of Americans trust the financial system. And 62% are either “angry” or very “angry” about the state of the economy.
Trust in the financial system hasn’t been this low and anger in the economic situation hasn’t been this high since March 2009. And March 2009 was when the S&P 500 hit that horrific low of 666.
“In an election year, this certainly indicates the importance of the economy to the political agenda,” wrote Paolo Sapienza. Sapienza co-authored the index with Professor Luigi Zingales.
Then again, March 2009 turned out to be an amazing time to buy stocks.
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Dr. Augustine Fou is Digital Consigliere to marketing executives, advising them on digital strategy and Unified Marketing(tm). Dr Fou has over 17 years of in-the-trenches, hands-on experience, which enables him to provide objective, in-depth assessments of their current marketing programs and recommendations for improving business impact and ROI using digital insights.
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