GM’s earnings dragged down by Chevy Bolt recall
The twice-issued recall for 2017 to 2019 Chevrolet Bolt electric vehicles cost General Motors $800 million, the company said in its second quarter earnings statement Wednesday. Costs associated with fixing defective Bolt batteries make up the lion’.....»»
Reddit might start putting some subreddits behind paywalls
Following the announcement of the company’s Q2 results on Tuesday afternoon, Reddit CEO Steve Huffman spoke to shareholders and answered questions in an earnings call. … The post Reddit might start putting some subreddits behind paywalls.....»»
iPad Pro updates ignite consumer interest, giving a giant boost to sales
Customers are opting for the high-end iPad Pro models, driving an increase in sales and renewed interest in Apple's tablet line.iPad Pro refresh helped Apple beat earnings expectationsIn May 2024, Apple launched new iPad Pro and iPad Air models, feat.....»»
Some subreddits could be paywalled, hints Reddit CEO
Reddit CEO Steve Huffman has hinted that in future some subreddits could be paywalled, as the company seeks to devise new sources of income. Huffman raised the prospect during an earnings call in which he said Reddit would also be testing AI-power.....»»
Asbury Automotive sells Colorado, Georgia Nissan car dealerships
Asbury Automotive Group Inc. sold one Colorado dealership and one Georgia store during the second quarter, the dealership group said in its earnings report Aug. 2. The locations have been renamed Alpine Nissan of Denver and Nissan of Cumming......»»
EV delays, changing plans dim suppliers" financial outlooks
Suppliers said automakers' rapidly shifting electrification plans will weigh on their future earnings as they make fewer parts for electric vehicles than they were banking on......»»
Rivian to report Q2 earnings after cutting costs, reaching $5 billion deal with Volkswagen
Rivian's second-quarter sales rose 9 percent to 13,790 despite a factory retooling in April to cut costs and freshen the R1T pickup and R1S crossover for the 2025 model year......»»
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 addresses Apple Intelligence’s staggered rollout and ChatGPT timing
The first version of Apple Intelligence is now available for developers, but there’s a lot it’s missing. iOS 18.1 beta 1 brings the new Siri, for example, but lacks key features like ChatGPT integration. In yesterday’s Apple earnings call, Tim.....»»
9to5Mac Daily: August 2, 2024 – AAPL Q3 2024 earnings
On today’s episode of 9to5Mac Daily, we discuss Apple reporting record Q3 2024 earnings. We also cover Apple’s motion to dismiss the DOJ antitrust lawsuit, citing harm to innovation and user experience. Additionally, we highlight the corroborated.....»»
Apple earnings, Apple Intelligence, and you"ve got a Friend, on the AppleInsider Podcast
Apple has reported better than expected earnings — you were worried there for a minute — while Apple Intelligence is finally out in beta. And maybe you should be worried about a new device, the Friend.Apple CEO Tim Cook at Apple ParkThere's alway.....»»
Berkshire Hathaway may have continued its streak of selling off Apple stock
Well ahead of Thursday's earnings, the "Oracle of Omaha's" Berkshire Hathaway may have sold a very large quantity of Apple stock, marking the third consecutive quarter of big sales volumes.Warren Buffett [Berkshire Hathaway]Apple stock has had an int.....»»
Lucid to report Q2 earnings amid worries over cash burn, hopes for Gravity crossover
The EV startup, which launched the Air sedan in 2021, delivered a record 2,394 electric cars in the second quarter. But it also boosted sales incentives to $16,537 per car, Motor Intelligence said......»»
Apple reports record revenues despite stagnant iPhone sales
CEO Tim Cook spent much of the earnings call hyping Apple Intelligence. Enlarge / Apple CEO Tim Cook. (credit: Lionel Hahn/Getty Images) Apple reported its earnings results for the third quarter of the 2024 fiscal year,.....»»
Samsung just confirmed big upgrades for the Galaxy S25
We're still far from the launch of the Galaxy S25, but Samsung just tipped its hand in an earnings call, confirming the existence of the device and some specs......»»
Google Chrome has its own version of Window’s troubled Recall feature
Google has announced some new AI features for Chrome, including a way to search your browsing history using natural language......»»
Economic prospects brighten for children of low-income Black Americans, study finds
Economic prospects have improved in recent years for Black Americans born poor, according to new research from Opportunity Insights. At the same time, earnings have fallen for white Americans from low-income families......»»
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......»»
Lithia net income down 28% in Q2 despite record revenue of $9.2B
Lithia Motors Inc. Q2 2024 earnings: Net income fell 28 percent during the second quarter despite the car dealership group generating record revenue for that earnings period......»»
Analysts expect modest growth in today’s AAPL Q3 2024 earnings report
AAPL Q3 2024 earnings will be revealed by the company later today, and Wall Street expects the company to report modest year-on-year sales growth of 2.3%. As is now standard, Apple didn’t offer any official revenue guidance for the quarter, but.....»»
Amazon forced to recall 400K products that could kill, electrocute people
People may still be using unsafe products that Amazon sold and resold. Enlarge (credit: MARCO BERTORELLO / Contributor | AFP) Amazon failed to adequately alert more than 300,000 customers to serious risks—including dea.....»»