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Some of them are pulling out of ultracompetitive consumer electronics businesses and focusing on more profitable areas.
Regardless of how companies like Garmin ultimately fare, the uncertainty surrounding the personal navigation industry, whose devices began appearing on dashboards in 2003, is another example of the way smartphones are disrupting many consumer electronics businesses.
Gates is clearly passing the CES baton to Bach because Bach already oversees most of the consumer electronics businesses: Sync, Zune, Xbox, Windows Mobile.
"It will be his first big move," says Pitz. Klaus Repges, an analyst at WestLB Panmure, thinks that Kleisterlee may go a step further and shed all of Philips' consumer electronics businesses.
"We expect the majority of its core consumer electronics businesses — such as TVs, mobile, digital cameras and personal computers — to continue to face significant downward earnings pressure," Moody's wrote in a statement.
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"The consumer electronics business has become an Asian business.
Also troubling is Amazon's consumer electronics business.
cited concern about declining profitability in the company's core consumer electronics business.
The consumer electronics business isn't an easy one to operate in, ask Sony.
Budget was not an impediment, since Mr. Harris, 53, was chief executive of his family's consumer electronics business.
GBO bought the retailer from Cablevision Systems, which decided to shed the unprofitable business and exit the consumer electronics business.
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