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Elon Musk’s Tesla suffers sales slump in ‘unmitigated disaster’ for billionaire | Business News
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Tesla has reported a sharp fall in worldwide sales amid increased competition and slowing demand for electric vehicles. The carmaker said it delivered 386,810 vehicles during the first quarter of the year – down nearly 9% on the 423,000 it shipped from January to March last year. It marks the first year-on-year quarterly sales decline…
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Apple iPhone sales slump in China as Huawei’s foldable phones gain momentum | Business News
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Apple shares slumped in after-hours trading – driven by disappointing iPhone sales in China and a warning that future revenues will fall well short of expectations on Wall Street. The gloomy market reaction overshadowed an otherwise strong financial performance in Apple’s first fiscal quarter. In the three months to 30 December, the tech giant reported…
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Apple Watch to lose feature after US court reinstates sales ban over patent dispute | Science & Tech News
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Apple has said it will remove a central feature from two of its flagship watch models in the US, while the iPhone maker fights a legal battle over a patent dispute on the technology behind it. The company said Apple Watch Series 9 and Ultra 2 models would go on sale on its website and…
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Apple watch ban: Tech company fears it will suffer ‘irreparable harm’ after sales suspension upheld by White House | Science & Tech News
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Apple has said it would suffer “irreparable harm” after the White House allowed a ban on imports on some of its watches following a dispute over the devices’ blood oxygen technology. The tech giant is filing an emergency motion asking a court to allow it to sell two of its most popular watches – the…
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Second-hand electric vehicle sales soar to record levels | Business News
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Sales of second-hand electric vehicles (EV) rose by more than 80% in the three months to June, indicating increasing demand for more affordable zero and low-emission cars. More than 30,500 of the battery-powered vehicles changed hands in the second quarter this year, an 81.8% rise on the same period last year. Those sales accounted for…
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Apple boss Tim Cook thanks three countries for record iPhone sales | Business News
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Apple has beat Wall Street expectations and market trends in reporting increased iPhone sales in its second quarter results. Both revenues and profits were above investor predictions as a record number of iPhones were sold for the second three month period in its financial year. Sales for the year ending 1 April dropped overall –…
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Air fryers and electric blankets buck downward trend for Black Friday technology sales | Business News
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Energy-efficient appliances – such as air fryers, clothes airers and electric blankets – bucked a downward trend for Black Friday sales this year as consumers took a cautious approach during the cost of living crisis. This year’s Black Friday delivered the weakest results for the technology and durables sector for five years, with the total…
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Pokemon Scarlet and Violet set Nintendo sales record – despite worst fan reception | Science & Tech News
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The latest Pokemon games have had the most significant worldwide launch sales in Nintendo’s history, despite players complaining of bugs and poor graphics performance. Pokemon Scarlet and Violet, released last week on the Switch, have the lowest user scores in series history on the Metacritic reviews aggregator website. Previously the lowest-scoring game was Pokemon Unite…
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Cost of living: Air fryer sales rocket by 3,000% as consumers seek to slash energy costs | UK News
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Demand for energy efficient air fryers has soared by up to 3,000% since the same time last year amid soaring energy bills, figures suggest. Sales of some air fryers are up 2,000% since the summer, according to price comparison website PriceRunner. The most popular air fryer on the site, the Ninja AF400UK, has seen the…
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Facebook owner Meta reports first ever revenue drop amid lower advertising sales and competition from TikTok | Business News
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Facebook owner Meta has reported its first ever revenue drop amid lower advertising sales and growing competition from TikTok. The social media giant reported revenue of $28.8bn in the three months to June, down almost 1% from $29.08bn the previous year. The figure was lower than the $28.9bn expected by Wall Street, sending Meta shares…