United States’ leading electronics retailer Best Buy has teamed up with Japan’s Panasonic Corp. to exclusively sell its first 3D TV home-entertainment system bundle in the US.

The bundle, which costs $2,899.99 in total, includes a 50-inch plasma 3D Viera set, a Blu-ray based disc player and viewing glasses.

The bundle was made available for purchase on Wednesday via Minneapolis-based Best Buy's Magnolia Home Theater unit.

In a remarkable turnaround for Phillips, the last three months of 2009 saw the electronics giant posting a profit of 251 million Euros. This is quite a comeback from 2008, when the management reported a loss of €1.2 billion.

This was a result of the cost cutting strategy put in place that resulted in the termination of 5474 jobs. However, it seems to paid off as despite decline in sales, with the fourth quarter sales falling by 3.4% to 7.3 billion Euros, the company reported high profits in all divisions .

Dutch conglomerate Philips Electronics NV reported a bigger-than-expected fourth-quarter profit on account of robust operational earnings and reduced charges, and claimed on Monday it expects to further improve profitability this year.

The company revealed its net profit for the quarter ended Dec. 31 as $367.6 million, compared with a net loss of €1.17 billion the previous year, surpassing the analysts' expectations for net profit of €255 million. Fourth-quarter sales were €7.3 billion, slightly down from €7.6 billion a year earlier.

General Electric Co. recently posted its fourth-quarter profits report, and although there was a definite decline in earnings, it was less than what the analysts had estimated. The fall in profits has mainly been attributed to the finance unit's absorption of losses, in addition to slowing in shipments of aviation and energy as compared to last year.

As per official numbers posted, earnings from continuing operations for the three months up-to December 31 fell by 22% to $3.03 Billion, or 28 cents per share, from last year's figure of $3.87, or

Sony revealed that its software’s sales are up by 14 per cent year-on-year to 11.9m units. The reason cited is the recent significant price cut and a latest model PlayStation3, which have helped the company greatly.

The company reported sales of 3.8m of the games consoles worldwide in the final five weeks of 2009.

The PS3 initially registered a sluggish growth in 2006 due to its high price. However, it gained as Sony came up with its slimmed version, priced 25% less.

Kesa Electricals, Europe's third-largest electronics retailer, has reported better-than-expected pre-tax profit of 6 million pounds for the six-month period ended October 31, against a loss of 103.8 million pounds in the year ago period.

Comet, which is an arm of Kesa, witnessed a fall in retail losses from 8.1 million pounds to 1.2 million pounds during the same period. However, it warned that difficult trading conditions would continue in the UK market.

Apple's iPhone is the most searched-for device this Christmas, research by the web metrics firm Experian Hitwise showed.

Apple's smartphone accounted for 1.75 per cent of all product searches and 14 per cent of all mobile phone searches during last month.

Apple's iPod Touch was the second most searched-for product, while Microsoft's Xbox 360, Nintendo Wii and Sony Playstation 3 were the third, fourth and fifth most searched products online.