Tuesday, August 6, 2013

Biggest Implant maker reveals financial condition

The Nucleus 6 Sound Processor
Cochlear is hoping to make a splash with its new implant in the next year. The Nucleus 6 is already out in Europe and the Australian company expects approval from US regulators by the end of the year. Cochlear says the Nucleus 6 has five times the processing power of the last in the series because of an advanced sound processor. Cochlear revealed today it made more than $132 million in profits during the financial year just ending. The company didn't do well during the year before because of a recall of the CI500, which led to a loss of four percent in US sales. Read more about the new Nucleus 6 device here. Here's a video about the financial report from Australia's CommSecTV (no captions):