Toyota supplier Denso"s Q1 profit tumbles 41% despite higher revenue
Denso adjusted its estimate of vehicle production to a 10 percent shortfall for each of quarter from the second quarter onward, CFO Yasushi Matsui said......»»
Foxconn saw best-ever April revenues partly because of better than expected iPhone demand
Apple's largest iPhone manufacturer has reported almost a fifth higher revenue for April 2024 compared to the same month in 2023, in part because of diversification.Workers in a Foxconn factoryIn March 2024, Foxconn's parent company Hon Hai Precision.....»»
From scandals to slowdown, Toyota faces these top five challenges as it pursues record profits
Toyota expects stellar results in its fiscal-year earnings announcement on May 8, from record sales to record profits. But there could still be some wobbles in the final report, including guidance on whether it can keep up its red-hot pace......»»
Magna adds 363 jobs at 3 operations in Michigan
Magna, the world’s fourth-largest auto supplier, will open an engineering center for lighting in Novi and an R&D center in Troy, while adding manufacturing capacity in Lyon Township, according to a statement last week......»»
American Axle Q1 revenue, profit climb
American Axle & Manufacturing increased revenue and profit in the first quarter thanks to steadier production from its customers. Net income swung to a $20.5 million gain from a $5.1 million deficit in the same period last year......»»
Sony demands PSN accounts for Helldivers 2 PC players, and it’s not going well
A surprise hit, a network with brutal baggage, and the Steam profit paradox. Enlarge / This gear is from the upcoming "Polar Patriots" Premium Warbond in Helldivers 2. It's an upcoming change the developer and publisher likely wi.....»»
Magna expects $400 million revenue loss from Fisker production halt
Magna builds the Ocean EV for Fisker. Magna said it is monitoring the situation and "will evaluate opportunities to further mitigate impact on our business.”.....»»
American Axle revenue, profit climb in first quarter
American Axle & Manufacturing Holdings Inc. increased revenue and profit in the first quarter thanks to steadier production from its customers. The automotive supplier saw year-over-year revenue growth of 7 percent to $1.6 billion during the period,.....»»
5 key takeaways from April U.S. sales reports
U.S. light-vehicle sales slipped 3.9 percent to 1.32 million last month compared with April 2023; Toyota led among the brands......»»
Positive school climate boosts high school grades, study finds
A study led by a UC Riverside graduate student has found that Latino high school students achieve higher grades when they perceive a more positive school climate and when they have a stronger sense of self-esteem......»»
Analysis paralysis - hot takes from investment firms in the wake of Apple earnings
Apple had a pretty good quarter despite China weakness, defying analysts' doom-and-gloom predictions. Here's what some of them think on the morning after.Apple's iPhone results may indicate China's buying higher-priced modelsThursday saw Apple CEO Ti.....»»
Apple said to be stealing tech from expensive suppliers to give to cheaper ones
A new report claims that a supplier may develop new technology or new processes, only for Apple to — perfectly legally — take that work to a cheaper company, sometimes leaving the original one to go bankrupt.Apple has suppliers all over the world.....»»
Apple Q2 2024 earnings brought to life by Six Colors, with video too
Yesterday saw the announcement of the Apple Q2 2024 earnings report, which were pretty much exactly as expected – revenue coming in at $90.75B against Wall Street expectations of $90.1B. As usual, Six Colors has brought the numbers to life with.....»»
What did we learn from Tim Cook’s comments yesterday?
There were no surprises in Apple’s earnings report yesterday, with the company reporting close to the $5B year-on-year fall in revenue it had warned us to expect. Analysts got their usual chance to question CEO Tim Cook and chief financial offic.....»»
Tim Cook says DOJ antitrust lawsuit against Apple is ‘misguided’
Apple on Thursday announced its earnings for the second fiscal quarter of 2024, slightly beating expectations with $90.75 billion in revenue. During an interview, Cook also took a moment to talk about the US Department of Justice’s (DOJ) antitrust.....»»
Apple’s Q2 2024 earnings reveal a drop in iPhone, iPad sales
Services growth looked rosy as Apple's hardware revenue in China slowed. Enlarge / The Apple Park campus in Cupertino, California. (credit: Anadolu Agency | Getty) Apple's earnings report for the second quarter of the co.....»»
Apple announces Q2 2024 earnings, slightly beating expectations with $90.75 billion revenue
Apple has disclosed its fiscal year 2024 Q2 earnings results. The company reports $90.75 billion in revenue during the three-month period, dropping 4.31% year over year. Analysts expected revenue around $90.33 billion. Apple netted $23.64 billion i.....»»
Tech supplier Aptiv lowers sales forecast, reduces equity interest in JV with Hyundai
Under the agreement with Hyundai Motor Co., Aptiv will not be required to fund the joint venture in the future, while Hyundai will provide additional funding......»»
BorgWarner generates higher revenue, earnings as demand grows for hybrids
Detroit automakers such as GM have plans to bring back hybrids to the market, feeding customer demand for a bridge to all-electric powertrains. BorgWarner's CEO kept details around hybrid quoting activity close to the vest......»»
EU Core Technology Fee for small & non-profit developers pared way back
Responding to criticism that its Core Technology Fee for EU developers could see small App Store developers owing Apple excessive fees, the company has revised its rules for eligibility.European Union flagsAs part of complying with the EU's mandate t.....»»
Apple is deepening ties with China even as it boosts suppliers globally
Despite its well-publicized moves to cut its dependence on China as its main supplier, Apple has also been increasing the number of firms it works with for production with in the region.Tim Cook visits Luxshare factory in 2017. Source: AppleBy Januar.....»»