A recall has been announced for a line of Coby 32-inch TVs. The Consumer Product Safety Commission issued the recall due to "fire and burn hazards."
Coby Electronics' trademarks, patents, intellectual property and materials have been purchased by Gordon Brothers Group, the company announced Wednesday. The purchase price was not disclosed.
Coby Electronics’ restructuring - including the layoffs of 42 employees or 35 percent of its U.S. staff – followed a “tough” first quarter that saw a sharp decrease in the sale of “legacy” products, such as DVD players and radios, Michael Troetti, company president, told Dealerscope.
“We stayed in legacy categories that other companies would give up (such as DVD players, radios and radio/cassette players),” he said. “And those categories lose their momentum as you have convergence with tablets and smartphones that offer alternatives for video, audio and camcorders.”
Coby Electronics announced a restructuring Tuesday in which 42 people- 35 percent of the company's USA staff- have been laid off.
Coby Electronics said this week that its new MID7065 Android tablet is now shipping, at the low retail price of $139.99. The 7-inch tablet is the first with both Google Play and Google Mobile Services.
Coby has announced the upcoming arrival of its latest Android tablet device, the MID7065 . The 7-inch, $149.99 tablet, featuring Google Play, Google Mobile Services and Android 4.0, will arrive in the first quarter of this year.
Coby Electronics this week announced that it has reached partnerships with CloudLink and Mobile Systems to offer business-focused apps on its Kyros tablets.