Mark Simons, President and CEO of Toshiba Americas, discusses the company's recent shift from the retail sector to a business to business model. Now, Samsung is providing laptops and I.o.T. equipment for various companies.
The company recently sold its Westinghouse unit and has since turned its focus to business and education endeavors. Looking to the future, Simons predicts laptops will keep getting thinner and lighter.
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.