Automotive OEM accounts for 70% of Harman International’s annual rev...
Automotive OEM accounts for 70% of Harman International’s annual revenue as the CE manufacturer increasingly lands design wins for its Media Oriented System Transport-based (MOST) infotainment systems combining navigation, voice recognition and other technologies, Exec. Chmn. Sidney Harman told…
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investors at the R.W. Baird & Co. investor conference in San Francisco. The company, which introduced MOST in 2001, has a “solid order” book for the next 3 years including a contract with Chrysler that’s expected to produce $400 million in revenue starting in fiscal 2007,Harman said. The company plans to expand the reach of its JBL OnStage docking station for iPod digital audio players to motor vehicles, he said. Harman International has sold about 500,000 of the OnStage circular speaker devices since introducing them for the iPod last year, he said. The company also will target the emerging category of cellphones capable of playing back and storing digital music files, a segment forecast to sell 450 million units by 2009, Harman said. “It’s no silly leap of the imagination to think that 450 million phones might open a new market for us,” he said.