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......»»
BorgWarner generates higher revenue, earnings as demand grows for hybrids
Detroit automakers such as GM have plans to bring back hybrids to the market, feeding customer demand for a bridge to all-electric powertrains. BorgWarner's CEO kept details around hybrid quoting activity close to the vest......»»
EU Core Technology Fee for small & non-profit developers pared way back
Responding to criticism that its Core Technology Fee for EU developers could see small App Store developers owing Apple excessive fees, the company has revised its rules for eligibility.European Union flagsAs part of complying with the EU's mandate t.....»»
Climate is one culprit in growth and spread of dust in Middle East
Climate change is transforming dust storms—a natural phenomenon in the Middle East—into a more frequent and widespread threat to health and economies throughout the region, a new study shows......»»
Tomorrow’s AAPL Q2 earnings likely to be $5B down
AAPL Q2 earnings are set to be announced tomorrow, and the company had already warned that we should expect a year-on-year revenue drop of around $5B. Analysts expect the same thing, and the outlook for Q3 isn’t expected to be any better, so in.....»»
Tesla Supercharger growth to slow, CEO Elon Musk says, after mass layoffs
"Tesla still plans to grow the Supercharger network, just at a slower pace for new locations," Musk said, following media reports that the automaker slashed its team dedicated to the charging network......»»
WhatsApp is starting to gain more popularity in the US
It looks like WhatsApp has started to see explosive growth in the US market, with a double digit increase in daily users. The post WhatsApp is starting to gain more popularity in the US appeared first on Phandroid. The mobile messaging sce.....»»
6 public auto dealership groups challenged by inflation, lower profit per vehicle
Asbury, AutoNation, Group 1, Lithia, Penske and Sonic continue turning to acquisitions or growing service and parts operations for new revenue sources......»»
Lear"s Q1 net income falls as auto supplier goes full bore into automation
Lear Corp. reached a revenue record in the first quarter but saw net income drop 24% as it navigates operational and restructuring challenges related to lower volumes......»»
Stellantis revenue falls 12% in Q1; North American shipments slip 20% amid transition to new models
Stellantis has been reducing inventories "to reinforce our strong relative pricing ahead of our new or mid-cycle product launches this year in key regions," said CFO Natalie Knight......»»
Carvana"s plans to return to growth sought ahead of Q1 earnings
How the company executes its next growth period is critical, Carvana CEO Ernie Garcia said......»»
Stellantis revenue falls 12% in Q1 on lower shipments amid transition to new models
Stellantis has been reducing inventories "to reinforce our strong relative pricing ahead of our new or mid-cycle product launches this year in key regions," said CFO Natalie Knight......»»
Clumps of an otherwise non-toxic molecule inhibit strep"s DNA-cleaving enzymes, researchers discover
An entirely new approach to inhibiting DNA-cleaving enzymes works through the aggregation of an otherwise non-toxic molecule. This Kobe University discovery may lead to a much-needed method for curbing Streptococcus growth......»»
VW Group"s Q1 profit drops 20% on lower volumes, higher costs
The automaker's Porsche brand reported a 14.8 percent operating margin decline on higher model revamp investments and lower demand for premium cars in China......»»
Mercedes to stay firm on pricing following Q1 profit drop
Mercedes said model transitions in the top-end segment and supply chain-related costs caused its return on sales to fall to 9.6 percent from 14.9 percent a year earlier, with vehicle sales down 8 percent at 462,978......»»
Stellantis revenue falls 12% in Q1on lower shipments amid transition to new models
Stellantis has been reducing inventories "to reinforce our strong relative pricing ahead of our new or mid-cycle product launches this year in key regions," said CFO Natalie Knight......»»
Penske Automotive Q1 net income falls 28%
Penske Automotive Group Inc.'s first-quarter retail automotive service and parts revenue grew 9 percent to a quarterly record of $746 million......»»
Bernstein says buy Apple while stock price is low
Investment firm Bernstein is recommending clients buy Apple stock, and expects issues such as declining Chinese demand for the iPhone to be cyclical, especially with an AI iPhone.Apple is dealing with regulatory pressures and other unknownsBernstein'.....»»
Apple"s earnings will be flat ahead of AI-enabled iPhone
Investment analyst firm TD Cowen is predicting that Apple's next earnings call will show little growth, but says forthcoming AI features could prove significant.iPhone 15 Pro rangeAnalysts such as JP Morgan in March 2024, and Morgan Stanley in Novemb.....»»
Cartilage healing discovery in animal models could lead to new human therapies
Researchers hope their discovery about the healing properties of fetal cartilage cells in mice will lay the groundwork for new treatments for human growth disorders and degenerative diseases......»»
Huawei"s smart car tech offers Audi, other automakers route to China sales
Huawei's rapid emergence as a key auto supplier highlights the telecommunications equipment maker's drive for sources of growth after U.S. export controls pursued on national security grounds since 2019 hammered its businesses, especially smartphones.....»»