Harman Chief Sees Fully Embedded Audio
In the next few years, consumers will continue moving to fully embedded connected-car systems from basic AM/FM, Harman CEO Dinesh Paliwal told investors. Shares closed up 3.7 percent to $80.76 Thursday as its automotive business drove an 8 percent hike…
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in total revenue to $1.8 billion in the quarter ended Sept. 30. The company reported getting new and follow-on connected car contracts from Audi, Mercedes-Benz, Porsche and others in the quarter, and it partnered with AT&T. “If cars are going to be autonomous or semi-autonomous, you can’t run them from a handheld device,” said Paliwal, referring to a “post-device era.”