Chicony expects revenue and profit growth in 2Q23
PC peripheral specialist Chicony Electronics reiterated the company's efforts to expand its non-PC offerings while anticipating sequential revenue and profit increases in the second quarter......»»
Slow growth for Apple Music and other services acknowledged by world’s biggest music label
Slow growth for Apple Music and other streaming services has for the first time been publicly acknowledged by the world’s biggest music label, Universal Music Group. While UMG believes it to be a temporary slow-down, some in the industry think i.....»»
Subaru production, profits undercut in latest quarter by fatal plant accident in Japan
The export-dependent carmaker still managed to eke out a profit thanks to hefty windfall gains from favorable foreign currency fluctuations......»»
Four key things our study of 25 years of data revealed about entrepreneurs in the UK
Over the past 25 years, the world has lived through major shocks from the 9/11 terror attacks to the global financial crisis to COVID. More recently, the UK—like many other countries—has faced a rising cost of living and stagnant growth......»»
Apple reports record Q3 2024 earnings with $85.78 billion in revenue
Apple has revealed its full earnings report for the fiscal third quarter of 2024. The company reported $85.78 billion in revenue during the three-month period, covering April, May, and June. Net profit for the quarter came in at $21.45 billion, and e.....»»
Tim Cook says Apple is spending more to get Apple Intelligence ready for launch this fall
Apple on Thursday announced the results of its third fiscal quarter of 2024, with $85.78 billion in revenue from April to June. The company’s sales grew by 5%, and it seems that its executives have high expectations for the future. That’s because.....»»
Apple"s third quarter 2024 results show return to growth, with Wall Street beat
Apple's third-quarter financial results have improved considerably compared to 2023, with sales figures across every aspect of the company beating Wall Street expectations.Apple CEO Tim CookApple has disclosed its quarterly financial results for Q3 2.....»»
Pricing, interest rates temper sales rebound
Overall growth is expected to slow in the second half after sales rose 2.2 percent in the first six months of 2024. Analysts say high interest rates and borrowing costs as well as elevated prices are preventing more robust demand......»»
Magna, in unusual step, lowers 2026 outlook on EV uncertainty, contract assembly woes
Magna International took the unusual step of lowering its outlook for its 2026 financial performance as it grapples with automakers reducing, postponing or canceling electric vehicle plans amid soft sales growth......»»
Seating supplier to cut jobs in Detroit after truck discontinuation
Bridgewater Interiors LLC is planning to lay off 63 employees at its Detroit plant after Stellantis NV discontinues the Ram 1500 Classic. The seating supplier said it expects to make the permanent cuts by the end of September, according to a WARN.....»»
AWS revenue growth soars once again as Amazon CEO calls for more AI
Amazon CEO Andy Jassy looks to up AWS capacity for AI even further......»»
CDK outage fuels 86% drop in Asbury Q2 net income
Lost business and one-time costs related to the CDK Global outage contributed to an 86 percent drop in Asbury's net income, though the retailer managed to post record revenue of $4.2 billion......»»
Prioritize well-being over growth: New paradigm needed for climate-friendly lifestyles
Ensuring the well-being of citizens while reducing resource consumption has proved to be a massive challenge. Policymakers in the European Union are keen to identify new approaches to provisioning that will safeguard the well-being of citizens withou.....»»
The worrying future of RAM and SSD pricing
There's a growing demand for DRAM and NAND Flash, and this means massive increases in revenue. It could also have a huge impact on pricing......»»
Even more expensive coffee prices are brewing, but there are some good reasons why
What's going on in the coffee industry? Roasters and cafe operators are faced with rising costs that, when passed onto consumers, threaten to bring to a shuddering halt almost 30 years of continuous, at times dizzying growth......»»
Study shows link between asymmetric polar ice sheet evolution and global climate
Joint research led by Professor An Zhisheng from the Institute of Earth Environment of the Chinese Academy of Sciences has revealed the pivotal role of the growth of the Antarctic ice sheet and associated Southern Hemisphere sea ice expansion in trig.....»»
Meta’s next AI model to require nearly 10 times the power to train
Mark Zuckerberg expects the compute requirements for next year's Llama 4 to be "10 times" that of last month's Llama 3......»»
EVs are holding strong, but U.S. elections may rock the boat, report finds
The midyear Market Outlook Report from Dave Cantin Group and Kaiser Associates found that EV sales are starting to drive steady growth. Meanwhile, a volatile political landscape and Supreme Court decisions complicate auto industry plans......»»
Mobileye slashes annual forecasts on uncertain demand; shares fall
Mobileye Global cut its annual revenue and profit forecasts on Thursday, slammed by volatile demand for its driver-assistance chips in China, even as it recovered from a sales slump brought on by a global auto inventory glut......»»
VW Group profit falls on restructuring charges, lower deliveries
At VW's so-called core group, which consists of the VW, Skoda and Seat brands, profitability dropped to 5 percent......»»
Hybrids, currency windfalls help Toyota extend record profit momentum
Gasoline-electric hybrid cars helped bolster Toyota earnings in the latest quarter because hybrids typically have bigger margins and sell for higher prices......»»