But will it be enough, given that domestic demand for electronics is shrinking fast and foreign rivals are taking market share elsewhere?
It certainly makes more sense than attaching a fast-growing electronics division to a sandpaper company.
Yes, rival TomTom, with a 20% share, is coming up fast, and electronics giants such as Philips, Sony and Harman are coming out with their own GPS gizmos.
By incorporating the BCM43526 and Wi-Fi CERTIFIED Miracast into its newest digital TV products, LG Electronics is ensuring consumers enjoy fast, reliable connectivity between multiple devices in multiple places throughout the home.
ENGADGET: Broadcom's 5G WiFi chips power LG's latest HDTVs HD
Yes, rival TomTom, with a 20% share, is coming up fast, and electronics giants such as Philips, Sony (nyse: SNE - news - people ) and Harman are coming out with their own GPS gizmos.
Many of these smaller cities are becoming hubs for fast growing industries such as electronics, pharmaceutical, manufacturing and machinery.
Often, innovation is assumed to be relevant for companies operating in industries focused on fast-changing technologies, like consumer electronics.
But last year solar cell manufacturers bought more silicon wafers than chipmakers--and solar's demand for wafers is growing three times as fast as demand from the rest of the electronics industry.
The Amazon story is not found in media based revenues or operating profits but in general merchandise and electronics, two thirds of revenues and growing twice as fast as the media sector.
It recently bought a stake in Yihaodian, a fast-growing online retailer of groceries, consumer electronics and apparels.
The dour news followed other similar profit warnings from the likes of electronics retailer JB Hi-Fi last week, underscoring that Europe's debt crisis could be fast spreading to far corners of the world as many consumer keep their wallets shut.
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