In a significant development, data firm IHS Markit stated, the shortage of chips in the auto semiconductor sector is likely to impact around 1 million units of global light vehicle production during the first quarter. The announcement sees a major jump from its previous forecast. On February 3, in a report HIS Markit had stated,…
In a statement, Alphabet Inc’s Google disclosed, over the last three days, it had surveyed a few users on their health at the request of Carnegie Mellon University researchers who are aiming to forecast the spread of Wuhan coronavirus infections. Google’s Opinion Rewards app, which exchanges responses to surveys from Google and its clients for…
In a statement, German airline Group Lufthansa said, if the Wuhan coronavirus which has gone pandemic lasts for a long time, it would be very difficult for the airline industry to survive without state help. Lufthansa, which has slashed flight capacity, suspended its dividend and has introduced short-time working, said it was impossible to forecast…
On Tuesday, a senior executive from Airbus SE stated, the airplane maker is confident of selling more than 1,000 A321XLR aircraft over the next 10 years. The Airbus A321XLR aircraft has a longer range than the single-aisle A321neo. Francois Caudron, Head of Marketing at Airbus said, the forecast includes a mix of new orders and…
On Friday, LG Display Co Ltd, an Apple Inc supplier offered an optimistic outlook for the year on the back of higher demand for its organic light-emitting diode (OLED) panels sending its shares higher by 4%. The optmistic forecast comes in the wake of the South Korean company seeing prolonged decline in liquid crystal display…
Qualcomm’s chips will be required to fully utilize the increase in speed promised by 5G networks. In a development that potentially hints at Apple Inc’s impending launch of 5G models in 2020, Qualcomm Inc disclosed, it expects 200 million 5G smartphones to be sold in 2020. Next-generation 5G smartphones, set to debut next year in…
Online sales are forecast to grow at 43.8% to 16.7 billion pounds in the next five years. On Thursday, researcher IGD forecast, Britain’s food and grocery industry, driven by the online and discounter channels, is set to grow by 12.5% to $272.8 billion (217.7 billion pounds) by 2024. Online will be the fastest growing channel…
The development underscores a rising demand for affordable wearables among consumers. In a development that signals a welcome break for wearable devices, wearable device maker Fitbit Inc reported better-than expected first-quarter results reaffirming its full-year revenue forecast. The wearable device maker was able to sell more smartwatches and wearable devices that track health at affordable…
Huawei is well on its way to give a record thumping to Apple’s iPhones in full year smartphone sales. On Thursday, China’s Huawei Technologies Co Ltd reported a record rise in the sales of its consumer business which exceeded $52 billion in 2018, mainly on account of its premium smartphones. According to Richard Yu, Huawei’s…
Logitech’s raised its full year forecast in the wake of its third quarter sales rise which beat analysts’ forecasts. On Tuesday, Logitech International SA raised its full year profit outlook after reporting a strong growth in its gaming hardware business. The Swiss-U.S. company got a boost from strong sales of its gaming products such as…
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