PWM IC firm uPI expects further revenue and profit declines in 1Q23
Taiwan-based uPI Semiconductor, an Asustek Computer affiliate specializing in power management ICs (PMIC), expects further drops in revenue and profits in the first quarter of 2023 due to continued weak demand and price-cutting pressure......»»
Now an established luxury brand, Genesis is refining strategy to win loyal customers
Hyundai's premium brand expects more growth on strong product, new dedicated dealerships and a focus on loyalty......»»
Volvo lowers 2026 profit margin target
Volvo, like other automakers, is seeing slowing demand for EVs due in part to high sticker prices and is also bracing for the effects of extra EU tariffs on EVs made in China......»»
iPhone 16 price increases could subdue an Apple Intelligence super-cycle
Investment firm Piper Sandler believes Apple Intelligence will not boost iPhone 16 sales at first, and an expected price hike may impact demand.Renders of a possible designs for the iPhone 16 rangeIn July 2024, Piper Sandler raised its Apple target p.....»»
A new iPad mini 7 may be close -- what the rumor mill says is coming
Apple is rumored to be just weeks away from introducing an updated iPad mini. Here's what the rumor mill expects what features it will have, and what it probably wont.iPad mini 6The last update to the iPad mini was in September 2021, making it close.....»»
CrowdStrike reveals impact of calamitous July IT outage on its business
CrowdStrike, the cybersecurity firm at the center of a huge global IT outage in July, has revealed some of the impact that the incident has had on its business......»»
Polestar posts $242M loss amid EV demand slowdown
The automaker expects the Polestar 3 and 4 will help boost sales in the second half of the year, particularly in the last few months when demand for the two premium crossovers should grow......»»
So, how’s CrowdStrike doing?
CrowdStrike, the cybersecurity firm at the center of a huge global IT outage in July, has revealed some of the impact that the incident has had on its business......»»
Vinnie Johnson"s Piston Group wins scathing verdict in longtime minority certification fight
The verdict ends a legal feud that’s been stewing since early 2021. At stake was a lucrative minority certification that helped the auto supplier win business from automakers. The fast-growing supplier has topped $3 billion in revenue and employs 1.....»»
F&I revenue still possible as leasing returns
As leasing grows across the country, car dealership finance managers might have a harder time hitting the kind of F&I gross profit per vehicle seen during the inventory shortage. But there's still an opportunity for the finance and insurance office,.....»»
iPhone 16 will lead Apple to record high $400 billion revenues in 2024
Apple is now expected to exceed $400 billion in annual revenue in 2024, with this record high driven by all of its hardware such as the iPhone, plus another record high for Services.Renders of the iPhone 16 rangeIt's estimated that when Apple was inc.....»»
Hyundai turns to new hybrid tech to power growth amid "slowdown" in EV demand
Hyundai is leaning heavily into hybrids, citing ‘the recent slowdown’ in EV demand, and expects its sales of the gasoline-electric vehicles to more than double as it rolls out new electrified powertrain technologies and extends them to the Genesi.....»»
Study links fear of conflict to population changes in Neolithic Europe
Since the end of the last Ice Age, growth of the human population has been far from uniform, marked instead by periods of rapid expansion followed by sharp declines. The reasons behind these fluctuations remain only partially understood......»»
“Exploitative” IT firm has been delaying 2,000 recruits’ onboarding for years
India's Infosys recruits reportedly subjected to repeated, unpaid "pre-training." Enlarge (credit: Getty) Indian IT firm Infosys has been accused of being “exploitative” after allegedly sending job offers to thousand.....»»
Public dealerships" F&I gross profits fall in Q2 but most above $2,000 a vehicle
AutoNation, Lithia, Group 1, Sonic and Asbury all had same-store finance and insurance gross profit per vehicle above $2,000 in the second quarter......»»
Lithia"s captive finance company Driveway Finance turned a Q2 profit
Lithia Motors Q2 2024 earnings: After just a few years of operation, Lithia's relaunched captive finance car loan company Driveway Finance Corp. turned a profit during the second quarter and was on track to stay that way......»»
Telegram CEO Pavel Durov awaits charges in France as firm denies law-breaking
Telegram accused of not cooperating on drug trafficking and child sexual content. Enlarge / Pavel Durov, CEO and co-founder of Telegram, speaks at TechCrunch Disrupt SF 2015 on September 21, 2015, in San Francisco, California. (c.....»»
VW scales back plans for battery cell plants in Europe, North America
VW expects to start production next year at a new gigafactory in Germany, but said it may take longer to scale up battery cell capacity at plants in Spain and Canada......»»
Zoom calls aren"t going anywhere yet - and could soon get even more AI
Pandemic success and staying on trend when it comes to AI has kept Zoom’s revenue heading upward......»»
GM works to snuff out glitches as it eyes big software profits
GM believes software will be a huge revenue driver in the coming years, but resolving problems before vehicles launch and staying nimble have been challenges......»»
Dodge"s challenge: Get Hellcat buyers to shell out for EVs
Dodge CEO Matt McAlear expects the upcoming Charger Daytona EV to convert some muscle car owners while drawing in new consumers intrigued by zero-emission technology......»»