Tech News Archives - Page 23 of 39

Tech peers suffer extended trading slump following Meta’s dismal forecast

Leave a Comment / Tech News / April 25, 2024 April 25, 2024

Bleak projections from Meta Platforms, the parent company of Facebook (META.O), have triggered a domino effect, prompting a downturn in tech and tech-related stocks during after-hours trading. Meta’s announcement of anticipated increased expenditures on AI technology coupled with projected lower revenues for the current quarter led to a staggering 13% drop in its stock value …

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ST Microelectronics Adjusts Full-Year Revenue Outlook Amid Slow Auto Market

Leave a Comment / Tech News / April 25, 2024 April 25, 2024

European semiconductor manufacturer STMicroelectronics (STMPA.PA) revised its annual sales forecast downward on Thursday, citing softening demand from automakers and declining orders from laptop and smartphone manufacturers. The guidance revision followed disappointing first-quarter results from the company. STMicroelectronics, whose clients include Tesla (TSLA.O) and Apple (AAPL.O), now expects revenue for 2024 to range between $14 billion …

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Atos Faces Higher Cash Needs Than Anticipated

Tech News / April 25, 2024 April 25, 2024

Atos, a struggling French IT consulting firm, announced on Thursday that a reassessment of its 2024-2027 business plan indicates a greater requirement for cash than initially projected. This may necessitate additional debt reduction measures, prompting the company to revise its refinancing plan in the coming days. Atos has also extended the deadline for refinancing proposals …

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Groundbreaking for the USA’s First High-Speed Rail System Begins

Leave a Comment / Tech News / April 24, 2024 April 24, 2024

Construction has officially commenced on a new $12 billion train project set to shuttle passengers between Las Vegas and Los Angeles in under two hours by the end of the decade. This groundbreaking high-speed rail initiative, the first of its kind in the United States, aims to slash travel time and reduce greenhouse gas emissions …

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The CEO of Orange Wholesale emphasizes the importance of scale in satellite technology.

Leave a Comment / Tech News / April 24, 2024 April 24, 2024

Interview: Michael Trabbia, CEO of Orange’s wholesale division, emphasized the company’s adaptability to different technologies, including satellite solutions. However, he downplayed expectations regarding its significance in the telecom industry. In a conversation on the latest Mobile World Live Podcast, Trabbia stressed Orange’s commitment to offering the most suitable connectivity options, whether terrestrial, fiber, or satellite. …

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Apple’s market share dwindles in China.

Leave a Comment / Mobile Phones, Tech News / April 24, 2024 April 25, 2024

Data from Counterpoint Research indicated a decline in Apple’s smartphone sales in China during Q1, with Huawei seeing a resurgence in the premium segment as a contributing factor. According to Counterpoint Research, smartphone sales experienced a modest 1.5% growth, marking the second consecutive quarter of year-on-year growth. Apple’s market share decreased from 19.7% to 15.7% …

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Reportedly, Apple reduces Vision Pro production due to a significant decline in demand.

Leave a Comment / Latest Gadgets, Tech News / April 24, 2024 April 24, 2024

According to Ming-Chi Kuo, a reputable source for Apple-related supply chain information, the outlook for the Vision Pro headset is less than optimistic. Kuo suggests that Apple has revised its shipment estimates and production orders for the year to between 400,000 and 450,000 units, significantly lower than the “market consensus” of 700,000 to 800,000 units …

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Review of Automotive Display, Center Console, and Cluster Industry in 2024

Tech Auto's, Tech News / April 24, 2024 April 24, 2024

Automotive display technology has become a focal point for major automakers striving to create personalized and distinct vehicle models. To enhance user driving experiences and meet demands for human-computer interaction, display technology continuously evolves and updates. Recent product releases at major exhibitions reveal a variety of innovative features introduced by main panel manufacturers, Tier 1 …

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Self-driving e-scooters can autonomously return to charging stations.

Latest Gadgets, Tech News / April 24, 2024 April 24, 2024

Teams of staff typically handle the task of relocating e-scooters to areas of demand. However, advancements in scooter technology, such as self-balancing and remote control capabilities, represent a progression toward fully autonomous models capable of navigating to desired locations independently. The prospect of riderless e-scooters traversing city streets looms on the horizon, potentially eliminating the …

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A never-before-seen GPS interference incident disrupts 1600 aircraft across Europe.

Tech News / April 22, 2024 April 22, 2024

Suspicions arise that Russia executed an unprecedented 63-hour-long assault on GPS signals in the Baltic region. The event, impacting numerous passenger jets earlier this month, unfolded against a backdrop of escalating tensions between Russia and the NATO military alliance, occurring more than two years after the onset of Russia’s full-scale invasion of Ukraine. “We’ve noted …

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