India"s EV sales more than doubled in FY23
India's EV sales saw a 153% increase for the past fiscal year, highlighting the growth potential of the world's third-largest automobile market. However, a subsidy controversy that has persisted for months seems to be slowing down the EV market in In.....»»
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......»»
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,.....»»
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......»»
Best cheap processor sales and prices for August 2024
Looking for the best price on the latest CPU? See our roundup of this week's best cheap processor deals and sales......»»
Hyundai gains 4% while Toyota, Kia slip in July; overall market expected to rise
The U.S. light-vehicle market rose 1 to 3 percent in July, analysts said, as many dealers recovered from the CDK cyberattacks that knocked new-car sales offline in late June......»»
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......»»
Hyundai gains 4%, Kia slips 10% in July; overall market expected to rise
The U.S. light-vehicle market rose 1 to 3 percent in July, analysts said, as many dealers recovered from the CDK cyberattacks that knocked new-car sales offline in late June......»»
Extreme heat in India: A crisis on the rise
As global temperatures continue to rise, India is grappling with increasingly severe heat waves. As early as April, many Indian cities, including New Delhi, the capital, have experienced record temperatures above 115 degrees Fahrenheit......»»
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.....»»
Xbox console sales are down as services take over
Xbox is continuing to grow its services, including Game Pass and Cloud Gaming, while hardware sales took a big dip......»»
AMD gaming is plummeting
AMD's gaming hardware sales, including Radeon GPUs and console chips, dropped 59% year-over-year......»»
Report: Apple disrupts overseas acquisition that involves Indian partner
Apple is a technology company. It specializes in creating products. But as a global force in the world, it can also get caught up in international drama. Today, a new report details one such situation playing out that involves India, China, and compe.....»»
Apple may have shut down a supplier"s proposed partnership with Vivo
Tata Group's acquisition of a stake in rival Vivo's India business was allegedly stopped by Apple, due to Tata owning a factory with Apple's supply chain.Mumbai, IndiaTata Group, an Indian conglomerate, has reportedly put the brakes on talks to acqui.....»»
Rising popularity of older iPhone models drove down average selling prices in June quarter
A metric used to gauge iPhone sales performance suggests a decrease in the average selling price in the June 2024 quarter due to the popularity of older models.iPhone 15 PlusApple stopped reporting iPhones' Average Selling Price (ASP) in 2018. Howeve.....»»
Xbox console sales continue to crater with massive 42% revenue drop
Xbox Series X/S sales seem to have peaked early in 2022. Enlarge / The tumbling continues. Microsoft's revenue from Xbox console sales was down a whopping 42 percent on a year-over-year basis for the quarter ending in J.....»»
AutoNation net income, revenue harmed by CDK cyberattacks
AutoNation Inc. reported a massive drop in net income due in part to lost revenue and hits to vehicle sales stemming from the June 19 CDK Global cyberattacks.....»»
iPhone dominates top 10 smartphones list for Q2 2024
The iPhone is continuing to dominate the list of the top smartphone sales in the second quarter, but the overall position has weakened slightly compared to Q2 2023.The iPhone 15 Pro models were second and third in the listIn the second quarter, Apple.....»»
Ford freshens the 2025 Maverick with features customers have clamored for
Ford hopes the new powertrain option — plus a larger center screen, new tech and updated design elements — will help the Maverick maintain sales momentum, especially among first-time Ford buyers......»»