VIS expects 15% revenue decline in 1Q23
Specialty IC foundry Vanguard International Semiconductor (VIS) expects to post a revenue decline of approximately 15% sequentially in the first quarter of 2023, with gross margin falling about 9pp on quarter to 29-31% from 39.22% in the previous qua.....»»
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.....»»
Cyber threats that shaped the first half of 2024
Global cybercrime has shown no sign of decline and is expected to grow strong per year over the next five years. To identify the most urgent cybersecurity threats of the first half of 2024, the Critical Start Cyber Research Unit (CRU) analyzed 3,438.....»»
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......»»
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.....»»
South Asia air pollution fell in 2022, but remains major killer: report
A surprise improvement in air quality in South Asia in 2022 drove a decline in global pollution, with favorable weather a likely factor, a new report said Wednesday......»»
Apple Podcasts no longer king as competitors gain ground
A new study has found that Apple Podcasts faces a significant decline as YouTube and Spotify solidify themselves in the space.Apple PodcastsThere was a time when Apple Podcasts was the place to listen to podcasts, controlling 27% of the market as rec.....»»
Stellantis, GM slash headcount in Michigan but keep state incentives
Stellantis employed 38,913 people in the state at the beginning of 2023, a 7 percent year-over-year drop, according to data submitted to Crain’s. GM’s Michigan-based headcount of 50,316 at the start of 2024 represents a 9 percent decline from 202.....»»
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......»»
Energy companies pressure landowners into fracking, study shows
Energy companies use persistent and personalized pressure to get landowners to give permission for hydraulic fracturing (fracking), and even when landowners decline, companies use legalized compulsion to conduct fracking anyway, according to a new st.....»»
How to install Fortnite on your iPad or iPhone outside of the European Union
Epic Games relaunched Fortnite in the EU a couple days ago, after a 4 year legal battle with Apple over the App Store’s 30% revenue cut. Apple announced changes to app distribution in the EU earlier this year, and Epic is finally taking advantage o.....»»
Ford recalls more than 90,000 police Explorers over engine fire risks
Immediate cause of failures remains unclear; Ford expects to have remedy parts by 2025......»»
Video dominates mobile app revenue; TikTok coins reward live streamers
Video dominates mobile app revenue, according to a new report. Of the total $3.8B smartphone owners spent on entertainment apps last quarter, three billion of it was spent on streaming and short video apps. The most dramatic growth in earnings was.....»»
Rivian pauses output of Amazon’s EV delivery van on parts shortage
The temporary stoppage began earlier this month at its factory in Normal, Ill., Rivian said. The EV maker declined to specify which components were in short supply, but said it expects to recover all missed production. .....»»
Alibaba sees revenue hit by caution in cloud space
News follows previous results from this quarter suggesting that cloud dominance is still very much a three-horse race......»»