Data from data analytics platform Visible Alpha shows that Apple’s (AAPL.O) net profit will fall more than 8% in the fourth quarter of this year, the first time in 14 quarters that it has not achieved growth. According to the platform, Apple’s revenue during this period will be lower than the record $123.9 billion in the same period last year.
Recently, the market has reported that the demand for mobile phone SoC design manufacturers has slowed down, and the strategy of back-end packaging and testing foundries such as ASE and Jingyuan Electric to assist customers in stacking unfinished packaging wafers and not conducting finished product testing (FT) continues. The senior management of the unnamed IC channel vendor said that the current demand for mobile application processors in the non-Apple camp, as well as previously relatively robust network chips such as Wi-Fi SoCs, continues to be weak. The senior management of another large IC channel vendor revealed that September 2022 is the most severe time for the inventory of the channel side, but IC designers have recently slowed down the upstream chip volume, and the system-side chip inventory has gradually deteriorated, although it is relatively slow, it is estimated that after 2~3 quarters, it is expected that demand can gradually warm
Toyota: Global vehicle production rose 1.5% to a record 833,104 units in November; Domestic vehicle production decreased 3.3% y/y to 266,174 units. Overseas vehicle production increased by 3.8% y/y to a record 566,930 units.
Toyota: Global vehicle production rose 1.5% to a record 833,104 units in November Read Post »
In a monthly survey, 70% of economists believe that there will be a recession in the United States in the first half of 2023. But Amazon doesn’t expect a recession. The firm’s economists put the probability of a U.S. recession in the next six months at just 30 percent. In addition, Amazon’s economists believe that if a recession does occur, the company will not suffer much, because 60% of the company’s revenue comes from high-income consumer groups, which are less affected by high unemployment and other consequences of the recession.
Due to snowstorms and sharp temperature drops, some local power generation facilities failed, resulting in a sharp increase in electricity demand. The U.S. Department of Energy declared an energy emergency in Texas. In addition to electricity, U.S. natural gas supplies are also stretched. The snowstorm caused the natural gas pipeline to freeze, and many natural gas wells were forced to stop production. According to Bloomberg, the current decline in U.S. natural gas production is at an all-time high. Meanwhile, domestic demand for natural gas in the United States reached its highest level in nearly four years.
The winter storm has led to a significant reduction in U.S. energy supplies Read Post »
According to UBI Research, the overall mobile OLED parts material market is expected to be $13.91 billion in 2023 and is expected to grow to $16.73 billion by 2027, with an average annual growth rate of 4.6%. In addition, from 2025, flexible OLED (including folding OLED) will account for ninety percent of the overall mobile OLED market.
On December 26, Tesla’s official Weibo announced that the 10,000th pile Chinese mainland Tesla Supercharger Station was completed.
Tesla Supercharger Chinese mainland 10,000th pile inaugurated Read Post »
According to statistics released by the Japan Semiconductor Manufacturing Equipment Association (SEAJ), sales of semiconductor equipment made in Japan (three-month moving average) increased by 19.1% year-on-year to 335.495 billion yen in November 2022, showing growth for the 23rd consecutive month and setting the fourth highest monthly record. From January to November 2022, cumulative sales of semiconductor equipment in Japan reached 3,545,103 million yen, a year-on-year increase of 27.8%, and sales reached a record high in the same period of the previous year.
Recently, it was said that the price of large-size OLED panels for 55-inch ultra-high-definition TVs in the second quarter of next year is estimated to be about $300, while the price of large-size LCD panels will be around $80. According to this forecast, the price difference between OLED and LCD for TV will narrow to 3.8 times in the second quarter of next year. It is said that with the gradual decline of large-size OLED prices, the price gap with large-size LCD that has bottomed out will narrow. The 3.8 times spread is slightly lower than the 4.8 times in the first three quarters, but it is still large compared with last year’s decline to 1.8 times.
Bloomberg News spokeswoman Ty Trippet tweeted on December 25 that Bloomberg had no intention of buying Dow Jones & Co. or The Washington Post and “has not had conversations with anyone or any organization about the acquisition.” Bloomberg owner and billionaire Michael Bloomberg retweeted the tweet.
Bloomberg spokesperson: No intention to buy Dow Jones or The Washington Post Read Post »
Tesla tweeted that the 4680 battery team has achieved the manufacture of 868,000 batteries in the past week, which can support more than 1,000 Model Y models.
Tesla: The weekly production capacity of 4680 batteries reached 868,000 units Read Post »
2022.12.21 Deutsche Bank analyst Emmanuel Rosner puts Tesla (TSLA. O) lowered its price target to $270 and reiterated its buy rating. Analysts lowered Tesla’s Q4 delivery forecast to 420,000 units, reflecting macro weakness in some markets and the postponement of deliveries to Q1 2023 for some U.S. consumers to benefit from incentives from the Inflation Reduction Act. At the same time, Rosner lowered its gross margin forecast to a 30 basis point decline from a 100 bps sequentially higher price, reflecting sequential improvements in plant costs, largely offset by recent price cuts and incentives. That lowered its Q4 EPS forecast to $1.05 from $1.18, also down from the current Wall Street estimate of $1.25. Tesla “remains in the best position to respond to current macroeconomic conditions, using price to support volume growth and using various cost levers to protect margins.” He lowered his price target to reflect Tesla’s “recent challenges,