Apple upped iPhone production to new quarterly record high of 85.5 million units in Q421
Global smartphone production came to 356 million units for 2021, showing a QoQ increase of 9.5%, according to TrendForce’s latest investigations. The second half of last year saw demand injections related to the peak promotion season for e-commerce…
HPQ Stock: HP Tops Quarterly Targets On Strong Commercial PC Sales
Personal computer and printer maker HP (HPQ) late Monday topped Wall Street’s targets for its fiscal first quarter, thanks to strong commercial PC sales. It also raised its earnings guidance for the full year. But HPQ stock dipped in extended…
Intel Posts Record Quarterly Revenue, Sees Supply Strains Through Year | Investing News
By Jane Lanhee Lee and Chavi Mehta (Reuters) -Chipmaker Intel Corp posted record fourth-quarter revenue, but forecast first-quarter earnings short of Wall Street expectations, as the world’s largest chipmaker faces challenges linked to persistent…
Expectations are low for Apple’s quarterly report
Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. No one on Wall Street seems to think Apple had a good quarter, which could set the iPhone maker up to surprise…
GM Sees Path to Profit in Second Half After Quarterly Loss
(Bloomberg) — General Motors Co. reported its first quarterly loss since it emerged from bankruptcy but said it sees a path to full-year profit and paying off debt if the economy remains stable during the second half of 2020. With plants running…
Canon Plunges Most in Eight Years After First Quarterly Loss
(Bloomberg) — Canon Inc. slid to a two-decade low after reporting its first quarterly loss, as the Japanese icon struggled with potentially the worst global downturn since the Great Depression. Its shares slid as much as 11.5%, the biggest decline…
ABB points to improving order situation after quarterly profit beat
By John Revill ZURICH (Reuters) – Swiss engineering firm ABB said on Wednesday its order situation could improve in the coming months, suggesting there was some light amid the gloom surrounding the industrial sector caused to the coronavirus…