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Investors hoping to ride the current wave of smartphone growth can now buy shares of a new exchange-traded fund based on the NASDAQ’s CEA Smartphone Index.
The First Trust NASDAQ CEA Smartphone Index Fund trades under the ticker symbol FONE and “provides a convenient way for investors to take advantage of the positive trends that are shaping the smartphone industry,” the NASDAQ OMX Group Inc. said in a press release. Get the full story »
Consumers will spend more this holiday on electronics than they have in each of the last 17 years, with laptops and Apple’s iPad topping wish lists, a leading industry trade group said Tuesday.
The average consumer will spend $232 on electronics gifts from TVs and MP3 players to cameras this year, up 5 percent from last year, according to a holiday phone survey of 1,003 U.S. adults conducted by the Consumer Electronics Association. Get the full story »
A proposed settlement to a long-running dispute over music royalties could include a federal mandate that all new cell phones and other wireless devices contain an FM radio tuner.
The proposal is now under discussion by radio broadcasters, recording labels and recording artists. Get the full story »
