Qualcomm (NASDAQ:QCOM) launches the world’s first satellite-based two-way messaging solution

/ / Technology /

On January 6, Qualcomm(NASDAQ:QCOM)  announced the launch of Snapdragon Satellite, the world’s first satellite-based solution that provides two-way messaging for flagship smartphones, during CES 2023. Qualcomm said that Snapdragon Satellite will be the first to be applied to terminals equipped with the second-generation Snapdragon 8 flagship mobile platform. The emergency messaging feature supported by Snapdragon Satellite is expected to be available on next-generation smartphones, with rollouts starting in some regions in the second half of 2023.

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McDonald’s (NYSE:MCD) Japan will raise prices for some products from January

/ / Consumer Discretionary /

McDonald’s (NYSE:MCD) Japan will raise prices for some products from January. Japan’s McDonald’s said on Friday it would raise prices for about 80 percent of its menu from Jan. 16 due to currency fluctuations and soaring costs of raw materials, labor, transportation and energy.

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Qualcomm and Salesforce have partnered to create a new platform for automakers for connected cars

/ / Technology / ,

American chip designer Qualcomm (NASDAQ:QCOM) and cloud software company Salesforce (NYSE:CRM) said Thursday that the two companies plan to develop a new connected car platform for automakers. The car platform for internet access will purportedly use Qualcomm’s Snapdragon digital chassis and Salesforce’s cloud services to help automakers personalize user experiences using real-time data.

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Strategy Analytics: Qualcomm’s automotive revenue reached approximately $1.5 billion in 2022

/ / Technology / ,

Strategy Analytics, a market research and consulting organization, released a report pointing out that the automotive field is one of Qualcomm’s fastest growing businesses. Qualcomm reached approximately $1.5 billion in automotive revenue in calendar year 2022, accounting for about a quarter of the total revenue in the field. By 2031, automotive revenue will grow at a CAGR of 25% to more than $9 billion.

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Mobileye expects revenue from assisted driving products to reach $17 billion by 2030

/ / Technology /

Intel’s self-driving company Mobileye Global said Thursday that its advanced driver assistance systems (ADAS) products will generate more than $17 billion in revenue by 2030. Mobileye said it will continue to test its self-driving car technology in 2023, expecting to reach 1.2 million vehicles based on its latest SuperVision product by 2026.

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Tigress Financial: Reiterating Apple’s (NASDAQ:AAPL) Strong Buy rating with a price target of $210

/ / Technology /

Tigress Financial analyst Ivan Feinseth told investors in a research note that Apple’s recent production headwinds provide investors with a long-term buying opportunity. The analyst said the company’s “large” installed user base, expanding ecosystem and growing service revenue will continue to drive accelerating trends and create greater shareholder value. He said that Apple is still innovating, constantly introducing new products and preparing to launch a mixed reality headset in early 2023. The analyst reiterated a strong buy rating on the stock, with a $210 price target.

Tigress Financial: Reiterating Apple’s (NASDAQ:AAPL) Strong Buy rating with a price target of $210 Read Post »

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