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Lyft sees uptick in Q2 revenue amid layoffs

Lyft saw an earnings record and increased revenue in the second quarter amid news that the ride-hailing company laid off approximately because of the discontinuation of its first party rental service......»»

Category: topSource:  autonewsAug 5th, 2022

Sanctioned Huawei keeps on losing money, just not as quickly

As per the SCMP, Huawei reported revenue of 301.6 billion yuan, or around $44.7 billion, for the first half of 2022, marking a 5.9% year-on-year drop. That's an improvement over the first quarter results, which saw revenue down 13.9% YoY. Its profit.....»»

Category: topSource:  techspotRelated News4 hr. 25 min. ago

Apple and Meta once discussed "revenue sharing" methods, report claims

The Wall Street Journal reports that during the years before Apple's tracking restrictions hurt Meta's business, the companies floated ideas for Meta – then called Facebook – to share some of its revenue with Apple. Apple's App Store would have b.....»»

Category: topSource:  techspotRelated News4 hr. 25 min. ago

Apple reportedly wanted ‘a slice of Facebook’s revenue’ prior to privacy feud

Apple and Facebook have a long-running public feud, based primarily on the latter’s collection and use of personal information. A new report from The Wall Street Journal today goes in-depth on this battle, with the interesting tidbit that Apple on.....»»

Category: topSource:  theglobeandmailRelated NewsAug 13th, 2022

Apple, Facebook discussed revenue-sharing before privacy battles

Before Apple's privacy feud with Facebook, the two companies reportedly discussed "revenue-sharing agreements" such as an ad-free, subscription-based version of the social media platform.Facebook appThe talks between Apple and Facebook reportedly occ.....»»

Category: appleSource:  appleinsiderRelated NewsAug 13th, 2022

Rocket Report: SpaceX sees rideshare demand, Russia’s odd launch deal with Iran

"One of the questions that we’re getting a lot is, 'How full are you guys?'" Enlarge / India's Small Satellite Launch Vehicle takes flight on Sunday. (credit: ISRO) Welcome to Edition 5.06 of the Rocket Report! The big new.....»»

Category: topSource:  arstechnicaRelated NewsAug 12th, 2022

Nvidia GPU shipments could plummet – meaning further price falls?

There are gloomy predictions for Nvidia’s revenue, and Intel’s for that matter......»»

Category: topSource:  informationweekRelated NewsAug 12th, 2022

WPG expects 5-10% sales drop in 3Q22

IC distributor WPG has reported net profits and EPS for the second quarter of 2022 beat its estimates given previously, buoyed by non-operating income, when revenue slipped 5.2% sequentially to NT$199.06 billion (US$6.64 billion). The company expects.....»»

Category: itSource:  digitimesRelated NewsAug 12th, 2022

Kioxia sees datacenter clients adjust NAND inventory

Datacenter and corporate clients have recently moved to adjust their NAND flash inventory in response to component shortages and global economic downturns, although demand for SSD is bound to surge in the medium and long term to support continuous di.....»»

Category: itSource:  digitimesRelated NewsAug 12th, 2022

Sharp sees decreased 2Q22 revenues, operating profit

Sharp has released the financial report for the first quarter of its fiscal year 2022 (second quarter of 2022), with sales revenues of JPY562.174 billion (US$4.22 billion) decreasing 6.54% on quarter and 8.08% on year and operating profit of JPY6.115.....»»

Category: itSource:  digitimesRelated NewsAug 12th, 2022

Falling demand and US sanctions leave marks on SMIC"s earnings report

Semiconductor Manufacturing International Corp. (SMIC) has posted its earnings report for 2Q22, showing a 41.6% YoY revenue growth reaching US$1.9 billion. Gross profit was US$750 million, an 85.3% YoY growth from $405 million in Q2 2021. Gross margi.....»»

Category: itSource:  digitimesRelated NewsAug 12th, 2022

Shudder"s mysterious "Saloum" trailer sees mercenaries trying to extract a drug lord

A drug lord, three mercenaries on the run, and a "cursed" area of Senegal that they need to hide out in are the starting ingredients for Shudder's latest addition.Jean Luc Herbulot's thriller — which stars Yann Gael, Mentor Ba, and Roger Sallah.....»»

Category: topSource:  theglobeandmailRelated NewsAug 12th, 2022

The impact of exploitable misconfigurations on network security

Network professionals feel confident with their security and compliance practices but data suggests that they also leave their organizations open to risk, which is costing a significant amount of revenue, according to Titania. In addition, some busin.....»»

Category: securitySource:  netsecurityRelated NewsAug 12th, 2022

Asustek sees inventory swell to over NT$200 billion

Asustek Computer held over NT$200 billion (US$6.67 billion) worth of inventory in the second quarter of 2022, when its net profits fell over 80% sequentially, according to the PC and motherboard vendor......»»

Category: itSource:  digitimesRelated NewsAug 12th, 2022

Arm reported record quarterly revenue despite challenges ahead

As SoftBank posted a record JPY3.16 trillion (US$23.5 billion) loss in Q1FY22, prompting it to offload half of its holdings in the Chinese e-commerce giant Alibaba. Its subsidiary Arm posted record revenue of US$719 million in Q1FY22. Significantly,.....»»

Category: itSource:  digitimesRelated NewsAug 12th, 2022

TPK expects sales to pick up in 3Q22

Touch module maker TPK Holding expects revenue to pick up in the third quarter of 2022, buoyed by a ramp-up in orders for tablets and commercial notebooks featuring large-size panels......»»

Category: itSource:  digitimesRelated NewsAug 12th, 2022

Rivian"s net loss grows

Rivian reported second-quarter revenue tallied $364 million while the EV maker's net loss widened to $1.71 billion from $580 million a year earlier......»»

Category: topSource:  autonewsRelated NewsAug 12th, 2022

EV maker Rivian"s net loss widens

Rivian reported second-quarter revenue tallied $364 million while the EV maker's net loss widened to $1.71 billion, from $580 million a year earlier......»»

Category: topSource:  autonewsRelated NewsAug 11th, 2022

Hubble sees supergiant Betelgeuse slowly recovering after blowing its top

Analyzing data from NASA's Hubble Space Telescope and several other observatories, astronomers have concluded that the bright red supergiant star Betelgeuse quite literally blew its top in 2019, losing a substantial part of its visible surface and pr.....»»

Category: topSource:  physorgRelated NewsAug 11th, 2022

GlobalFoundries announces record 2Q22 results

GlobalFoundries (GF) has reported record quarterly revenue of US$1.99 billion for second-quarter 2022, up 23% from a year ago, with gross margin reaching a record high of 27%, almost double the 14.3% for the same period last year......»»

Category: itSource:  digitimesRelated NewsAug 11th, 2022

SAIC Volkswagen sees June, July car sales in China hike on year

SAIC Volkswagen, a China-based joint-venture automaker established by Volkswagen and China-based automaker SAIC Motor, saw sales of its automobiles in the China market in June and July 2022 hike on year by 94% and 85% respectively, according to China.....»»

Category: itSource:  digitimesRelated NewsAug 11th, 2022