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4-Traders Homepage  >  Equities  >  Nyse  >  Harman International Industries Inc    HAR

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Harman International Industries Inc./DE/ : HARMAN integrates Apple's Siri into Ferrari

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03/12/2013 | 07:10pm CET

The International Motor Show 2013 - HARMAN, the premium global audio and infotainment group, is providing Ferrari in-car speech control. At the Geneva Motor Show, Ferrari showcased the integration of Apple's Siri in the latest Ferrari FF model. This marks the first such system integration by HARMAN.

Due to the seamless combination of Apple's technology with the existing head unit, operation is just as simple as it is with any Siri enabled iPhone. A long press of the infotainment system's menu button on the steering wheel activates Siri, while commands and audio feedback are picked up clearly and played through built-in microphones and the car's audio system. Additionally, the volume is adjusted for better comprehensibility ?- just like the mobile phone, where Siri stops any music being played once it is activated.

Michael Mauser, HARMAN's Executive Vice President and Co-President of Infotainment & Lifestyle Divisions, commented: "This Siri integration is an important milestone in the cooperation between HARMAN and Ferrari. By transferring the known modus operandi to the car, Ferrari offers its customers the ease of use of their mobile devices with an embedded premium HARMAN infotainment system."

HARMAN at the Geneva Motor Show 2013

Visit HARMAN at this year's Geneva Motor Show for more details and view the company's full portfolio of infotainment and lifestyle audio systems. HARMAN is located in Hall 6, Booth 6240.

About HARMAN

HARMAN (www.harman.com) designs, manufactures and markets a wide range of audio and infotainment solutions for the automotive, consumer and professional markets -- supported by 15 leading brands, including AKG®, Harman Kardon, Infinity®, JBL®, Lexicon® and Mark Levinson®. The company is admired by audiophiles across multiple generations and supports leading professional entertainers and the venues where they perform. More than 25 million automobiles on the road today are equipped with HARMAN audio and infotainment systems. HARMAN has a workforce of about 13,900 people across the Americas, Europe and Asia, and reported sales of $4.4 billion for the fiscal year ended June 30, 2012. The company's shares are traded on the New York Stock Exchange under the symbol NYSE:HAR.

© 2013 HARMAN International Industries, Incorporated. All rights reserved. Harman Kardon, Infinity, JBL, Lexicon and Mark Levinson are trademarks of HARMAN International Industries, Incorporated, registered in the United States and/or other countries. AKG is a trademark of AKG Acoustics GmbH, registered in the United States and/or other countries. Features, specifications and appearance are subject to change without notice.

Media:
Darrin Shewchuk, +613-328-3500
darrin.shewchuk@harman.com


© Business Wire 2013
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Financials ($)
Sales 2017 7 412 M
EBIT 2017 749 M
Net income 2017 471 M
Debt 2017 562 M
Yield 2017 1,32%
P/E ratio 2017 17,14
P/E ratio 2018 15,13
EV / Sales 2017 1,11x
EV / Sales 2018 1,04x
Capitalization 7 649 M
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Mean consensus HOLD
Number of Analysts 16
Average target price 104 $
Spread / Average Target -5,6%
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NameTitle
Dinesh C. Paliwal Chairman, President & Chief Executive Officer
David J. Slump Executive Vice President-Operations
Sandra E. Rowland Chief Financial Officer & Executive Vice President
Marty O'Brien Chief Information Officer & Vice President
Henry Tirri Chief Technology Officer & Executive VP
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