Magna Q4 earnings plummet
The quarterly and annual earnings drops for Magna, the world's fourth-largest supplier by annual sales to automakers, reflect the broader financial struggles parts suppliers have faced during the last year......»»
9to5Mac Daily: August 4, 2023 – AAPL Q3 earnings, iPhone 15 event rumors
Listen to a recap of the top stories of the day from 9to5Mac. 9to5Mac Daily is available on iTunes and Apple’s Podcasts app, Stitcher, TuneIn, Google Play, or through our dedicated RSS feed for Overcast and other podcast players. Enjoy the podca.....»»
Apple paying out $0.24 per-share dividend on August 17
Following Apple's latest earnings report edging out Wall Street predictions, the company's board of directors has authorized a new cash dividend for shareholders, payable in mid-August.Steve Jobs Theater at Apple ParkApple on Thursday announced its l.....»»
Apple finally reaches one billion paid subscriptions milestone
On Thursday, Apple announced its fiscal third-quarter earnings and in a surprise announcement has declared that it has hit the milestone one billion paid subscriptions landmark across Services and the App Store.Apple App Store iconApple has been inch.....»»
Apple"s earnings, an AirTag 2, and what"s happening with Apple AI on the AppleInsider podcast
Apple has beaten expectations with its latest earnings — although only just — while looking to the future there are predictions of AirTags 2 and disputes over an AppleGPT app.AirTags: the Next Generation could be comingWith its latest earnings re.....»»
Magna raises outlook after swinging to $339 profit in Q2 amid production surge
Demand for parts has remained strong from automakers as they strive to manufacture new models to cater to consumers looking to snap up pickups, crossovers and SUVs......»»
Lucid to report Q2 earnings as deliveries falter
The EV brand is aggressively promoting its pricey Air sedan with sales and lease deals but also faces greater competition from Tesla, Mercedes-Benz, BMW and others......»»
Amazon"s stock surges as Q2 earnings show profit and sales jump
E-commerce behemoth Amazon increased its net sales 11% to $134.4 billion in the second quarter as analysts monitor consumer spending in both the cloud and retail markets......»»
iPhone sales are down, but Apple’s subscriptions are growing fast
Services and wearables were bright spots in an otherwise relatively slow quarter. Enlarge / Apple CEO Tim Cook. (credit: Chris Foresman) Apple posted its third-quarter earnings for 2023, and they were a bit of a mixed ba.....»»
What to expect from Apple"s Q3 2023 earnings report
Apple's third fiscal quarter results will be issued later today, accompanied by the usual call with analysts. Here's what to expect from the results, and what Wall Street thinks of is coming.Apple confirmed its quarterly results will be released on A.....»»
BorgWarner Q2 revenue rises amid spinoff, acquisitions
BorgWarner's net earnings fell 5.5 percent to $204 million, but operating income surged 40 percent to $383 million from last year......»»
Apple reportedly won’t release AI in 2024 as Google, Microsoft look to dominate the market
Apple is set to announce its earnings report on August 3. Analyst Ming-Chi Kuo wrote a preview of what to expect, and one of the … The post Apple reportedly won’t release AI in 2024 as Google, Microsoft look to dominate the market appeared fi.....»»
Kuo says Apple is behind, and won"t release generative AI in 2024
Analyst Ming-Chi Kuo claims Apple can't make a ChatGPT app by 2024, but that is in conflict with other recent rumors about generative AI.Steve Jobs Theater at Apple ParkMing-Chi Kuo has used Apple's forthcoming earnings call to examine where he think.....»»
Credit Acceptance Q2 net income plunges 79%
Q2 2023 Credit Acceptance Corp. earnings saw its net income fall 79 percent but car loan volume up 13 percent and dealership count grow 16 percent......»»
Fisker faces investor questions on Ocean production miss
Among questions submitted by investors for earnings call: missed production targets, buggy software and access to Tesla Supercharger network......»»
iPhone 15 demand will be lower than iPhone 14, says Kuo
Analyst Ming-Chi Kuo says that Apple's hardware sales for the rest of the year, including the iPhone 15, are expected to be lower than last year's figures.Render of the forthcoming iPhone 15 ProAhead of Apple's latest earnings call on August 3, 2023,.....»»
Apple Q3 2023 earnings could be ‘largest revenue drop since 2016,’ analysts fear
Apple is set to report its fiscal Q3 2023 earnings on Thursday, and analysts appear to be less than optimistic about what’s to come. As detailed by a new report from Reuters, analysts are predicting that Apple will report its “largest Q3 revenue.....»»
JP Morgan gives Apple a price target of $235 for December 2024
Apple seems well positioned to drive higher confidence as an "earnings compounder," according to JP Morgan, which has raised its price target to $235 for the end of 2024.iPhone 14 PlusJP Morgan continues to remain bullish about Apple's future, having.....»»
What analysts expect from Apple"s Q3 2023 earnings report
Apple's third fiscal quarter results will be issued on August 3, accompanied by the usual call with analysts. Here's what to expect from the results, and what Wall Street thinks of the iPhone maker.Apple confirmed its quarterly results will be releas.....»»
Piper Sandler hikes Apple stock price target to $220 on long-term forecast
While Apple may see earnings below Wall Street's expectations on the quarter, the iPhone 15 and strong China results have driven an Apple Stock price target increase by investment bank Piper Sandler.Analysts are offering their opinions on Apple's fin.....»»
Auto seating supplier scraps unprofitable Jeep business near Detroit
The Jeep seating business is being picked up by Lear Corp., which said in an earnings presentation in April that it won a conquest award to supply complete seats for the Wagoneer and Grand Wagoneer launching in late 2023......»»