Foundry PSMC sees revenue, profit surge in 2021
Pure-play foundry Powerchip Semiconductor Manufacturing (PSMC) saw its revenue hit a record high of NT$65.62 billion (US$2.38 billion) in 2021, when pre-tax profits hiked 300% on year to NT$19.21 billion......»»
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.....»»
Polestar delays SEC filing, says it needs to review "certain errors" in previous financial statements
Polestar said it believes the historical errors are expected to "positively impact net loss by less than five percent for 2021, and negatively impact net loss by less than five percent.".....»»
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......»»
Here’s where you can use your iPhone as your digital driver’s license or ID so far
Apple announced plans to turn the iPhone into your driver’s license all the way back in 2021. Plane tickets, movie passes, and credit cards were already digital. Now it was time to digitize government-issued identification cards. So far, very fe.....»»
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......»»
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......»»
"Ted Lasso" complete series Blu Ray box set may arrive soon
Warner Bros is planning to release a Blu-ray box set of all three "Ted Lasso" seasons, making it one of the few Apple TV+ shows to get a physical media release."Ted Lasso"Apple TV+ drama "Defending Jacob" got a Blu-ray and DVD release in 2021, as did.....»»
Details of hurricane Ian"s aftermath captured with new remote sensing method
Category 4 Hurricane Ian made landfall in Florida's Lee County on Sept. 28 2022, battering the region with wind speeds of 155 miles per hour and storm surge up to 13 feet—the highest storm surge documented in Southwest Florida in the past 150 years.....»»
Crime blotter: NYPD officer acquitted for 2021 punch in Apple Store
In this week's look at the Apple crime blotter, Canadian Police are looking into iPhone thefts, fraud has been alleged in third-party Apple Store pick-ups, an iPhone was stolen in a viral video, and more!The Apple Store on Manhattan's Upper West Side.....»»
If plastic manufacturing goes up 10%, plastic pollution goes up 10%—and we"re set for a huge surge in production
In the two decades to 2019, global plastic production doubled. By 2040, plastic manufacturing and processing could consume as much as 20% of global oil production and use up 15% of the annual carbon emissions budget......»»
NASA still doesn’t understand root cause of Orion heat shield issue
“When we stitch it all together, we’ll either have flight rationale or we won’t." Enlarge / NASA's Orion spacecraft descends toward the Pacific Ocean on December 11, 2021, at the end of the Artemis I mission. (credit: NASA).....»»
Mirror supplier Gentex"s Q1 net income rises 11% to $108 million, revenue reaches record $590 million
CEO Steve Downing credited the strong first quarter with increased take rates of mirrors with advanced features and technology......»»
AutoNation Q1 net income falls 34%; company to buy back $1 billion in stock
The dealership group saw continued revenue gains in financial services and service and parts revenue......»»
Quality woes hurt Ford earnings as GM outlook improves
Ford CEO Jim Farley said the company avoided about 12 recalls on its flagship F-150 by performing extra quality checks, but one Wall Street firm estimates the delay cost $3 billion in revenue......»»
What AI can tell organizations about their M&A risk
Following the past few years of economic turbulence, merger and acquisition (M&A) activity is on the rise in 2024, with several acquisition deals being announced in the first few months of the year valued at billions of dollars. With the surge of AI.....»»