Win Semi expects over 10% revenue drop in 4Q22
GaAs foundry Win Semiconductors, which saw its revenue drop 26% sequentially in the third quarter of 2022, expects to post another sequential revenue decline of 11-13% in the fourth quarter. Gross margin is estimated at between 17% and 23%......»»
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......»»
EVs outpace broader market, buoyed by fresh models and heavy incentives, U.S. registration data shows
New EV registrations rose 3.1 percent in June to 108,026 vehicles compared with an 8.8 percent drop in the broader light-vehicle market to just over 1.2 million, S&P Global Mobility said......»»
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......»»
Medicare drug price negotiations: 10 list prices drop between 38% to 79%
If the prices were set in 2023, Medicare would have saved $6 billion. Enlarge / Prescription drugs are displayed at NYC Discount Pharmacy in Manhattan on July 23, 2024. (credit: Getty | Spencer Platt) In the first round.....»»
Sonos laying off 6% of employees ‘for long-term success’
Sonos announced layoffs of about 100 employees as the company weathers a continued software meltdown, and a major loss of revenue because of it......»»
Planetary health diet adoption would reduce emissions by 17%, environmental scientists suggest
A report by a multi-institutional team of environmental scientists suggests that if everyone in the world adopted the EAT-Lancet planetary health diet, global dietary greenhouse gas emissions would drop by 17%......»»
The Pixel 9’s Biggest Weakness isn’t the Tensor G4
Should you wait for a price drop instead? The post The Pixel 9’s Biggest Weakness isn’t the Tensor G4 appeared first on Phandroid. The Pixel 9’s arrival on the smartphone scene is certainly nothing short of exciting ̵.....»»
American Axle more than doubles Q2 net income but warns of R&D, product launch costs
American Axle struck deals with European automakers, but it expects increased volatility as it prepares for ramp-up costs......»»
Price war: Apple"s M3 14-inch MacBook Pro drops to record low $1,299
Apple's 14-inch MacBook Pro has just received a fresh price drop, driving the M3 model down to $1,299.99 as Amazon and Best Buy launch aggressive back-to-school deals.A back-to-school price war is in effect between Amazon and Best Buy, with Apple's 1.....»»
Luminar Q2 net loss narrows to $130.6 million; debt restructuring deal reached
The lidar supplier said revenue grew 2 percent to $16.5 million......»»
Openlane"s vehicle volume up 7%, revenue rises 3.6% in Q2
The CDK outage in June disrupted operations for some of Openlane's clients, which had a "small" impact on the company's second-quarter volume, its CEO said......»»
Drop it like it"s hot: Space Rider model falls gracefully
Over the last four months, the Space Rider team has been running a drop-test campaign whereby a full-scale model of the future orbital laboratory is dropped from a helicopter to test and qualify the deployment of its parachutes, at Salto di Quirra in.....»»
ACV Auctions says Q2 net loss widened to $17M, revenue rises 29%
ACV Auctions said the number of used vehicles sold by dealers and commercial auto companies on its wholesale marketplace platform grew 22 percent year over year......»»
Openlane"s vehicle volume up 7%, revenue rises 4% in Q2
The CDK outage in June disrupted operations for some of Openlane's clients, which had a "small" impact on the company's second-quarter volume, its CEO said......»»
The PS5 has been Selling Less, Sony Says
The company isn't fazed, however. The post The PS5 has been Selling Less, Sony Says appeared first on Phandroid. Despite being one of the most popular video game console in recent years, the PlayStation 5 has seen a significant drop in sal.....»»
Deals: AirPods Max $149 off, up to $299 off MacBook Air, iPads from $229, Apple Sport Band, AirTags, and more
The Apple deals are flowing again today with ongoing price drops on M3 MacBook Air models alongside a new $299 drop on the 15-inch M2 – the deals start from $799 and won’t be around for much longer. We also have just about all AirPods Max colorwa.....»»
Big utilization drop for North American auto factories on the horizon as EV production begins
Automakers will build less than two-thirds of their vehicle assembly capacity in 2030, according to GlobalData......»»
Rivian Q2 net loss widens to $1.46 billion despite sales gains, cost cutting
Rivian said it ended the second quarter with $5.8 billion in cash and cash equivalents compared with $7.9 billion at the end of the 2023 calendar year. Revenue in the latest quarter was $1.16 billion, a 3.3 percent increase......»»