Apple predicts faster sales growth and strong iPhone demand despite sluggish economy

Apple predicts faster sales growth and strong iPhone demand despite sluggish economy

July 28 (Reuters) – Apple Inc. (AAPL.O) Thursday said parts shortages were easing and demand for iPhones was unrelenting despite other consumer spending tightening, helping it beat Wall Street expectations and forecast faster revenue growth. upcoming sales. Shares of the Silicon Valley giant rose 2.6% after hours following the earnings release. Apple said it was … Read more

Analysis: Why Spotify’s ‘Car Thing’ Was Destined for the Hardware Graveyard

Analysis: Why Spotify’s ‘Car Thing’ Was Destined for the Hardware Graveyard

LOS ANGELES/STOCKHOLM, July 27 (Reuters) – Spotify Technology SA (SPOT.N) The Car Thing drive is now a thing of the past. The world’s leading audio streaming service said on Wednesday it would discontinue the device just five months after it was made available to all users in the United States. Read more In doing so, … Read more

Wary buyers cloud outlook for tech and auto companies in Asia

Wary buyers cloud outlook for tech and auto companies in Asia

Samsung says demand for phone and PC chips set to weaken further Server customers can adjust inventory in recession -Samsung Toyota misses April-June production target GM’s operations in China lost $100 million in the second quarter due to restrictions July 28 (Reuters) – Asian tech firms from chipmaker Samsung to display panel maker LG Display … Read more

Samsung warns of weaker chip demand for phones and PCs as people buy less

Samsung warns of weaker chip demand for phones and PCs as people buy less

The logo of Samsung Electronics is seen at its office building in Seoul, South Korea March 23, 2018. REUTERS/Kim Hong-Ji Join now for FREE unlimited access to Reuters.com Register Server customers may have to adjust inventory in recession – Samsung executive Aims for H2 foldable phone sales to overtake past flagship Dollar strength helped boost … Read more

Global manufacturers see chip shortage easing

Global manufacturers see chip shortage easing

Plastic letters arranged to read ‘Chip Shortage’ are placed on a computer motherboard in this illustration taken February 20, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register Hyundai will increase production at its factories ABB CEO: Chipmakers’ supply commitments are improving ABB CEO: falling commodity prices Electrolux CEO: supply situation … Read more

Analysis: Why Elon Musk’s fight with Twitter could draw closer scrutiny from the SEC

Analysis: Why Elon Musk’s fight with Twitter could draw closer scrutiny from the SEC

WASHINGTON, July 14 (Reuters) – Twitter Inc. (TWTR.N) battling with Elon Musk to enforce his $44 billion deal to buy the social media platform could draw the attention of the US securities regulator to whether Musk misled the market during of the agreement. Twitter on Tuesday asked a Delaware court to order the Tesla Inc … Read more

TSMC Sees Resilient Chip Sales Boost Q3; the electronics require cooling

TSMC Sees Resilient Chip Sales Boost Q3;  the electronics require cooling

The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters in Hsinchu, Taiwan January 19, 2021. REUTERS/Ann Wang Join now for FREE unlimited access to Reuters.com Register See third quarter revenue up to $19.8 billion – $20.6 billion from $14.88 billion year-over-year Confident in long-term chip demand Q2 profit of T$237.0 billion … Read more

Twitter promises legal battle after Musk pulls out of $44 billion deal

Twitter promises legal battle after Musk pulls out of  billion deal

July 8 (Reuters) – Tesla CEO Elon Musk (TSLA.O) and the world’s richest person, said Friday he was ending his $44 billion deal to buy Twitter (TWTR.N) because the social media company breached several provisions of the merger agreement. Twitter Chairman Bret Taylor said on the microblogging platform that the board plans to take legal … Read more

Samsung Q2 strong on server chip demand, smartphone cloud outlook

Samsung Q2 strong on server chip demand, smartphone cloud outlook

The logo of Samsung Electronics is seen at its office building in Seoul, South Korea March 23, 2018. REUTERS/Kim Hong-Ji Join now for FREE unlimited access to Reuters.com Register Profit likely up 15% to 14.46 trillion won -Refinitiv SmartEstimate It would be the highest April-June profit since 2018 Second-quarter chip revenue likely soared 49%, analysts … Read more

Exxon exodus turns floating ‘cube’ into internet meme

Exxon exodus turns floating ‘cube’ into internet meme

HOUSTON, Oct 4 (Reuters) – Exxon Mobil’s trophy US campus is becoming an internet meme. The visually stunning complex, sometimes compared to Apple’s Ring and Alphabet’s Googleplex campuses, opened in 2014 as Exxon stood atop the global oil market. Its centerpiece is a giant cube that appears to float above the office and research center. … Read more