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Vinyl records continued to translate their retro appeal into a steady resurgence, outselling compact discs last year in terms of units in the United States for the first time since 1987. Revenues from the sale of physical records jumped four percent in 2022 to $1.7 billion, according to the latest report from the Recording Industry Association of America released Thursday. Consumers snagged 41 million vinyl units last year compared to 33 million CDs, an eye-popping […]
by John Biers Agence France-Presse NEW YORK, United States (AFP)–Leading automakers reported mostly higher US sales for the first half of 2018 on Tuesday, bolstered by a strengthening economy and continued robust demand for larger vehicles despite rising gasoline prices. General Motors, Fiat Chrysler, Toyota and Volkswagen all reported higher sales through the end of June, while Ford and Honda reported a modest decline even as they described overall market conditions as robust. Total […]
by Tom Barfield Agence France-Presse Frankfurt am Main, Germany (AFP) — German high-end car maker BMW said Friday it booked a strong first three months with record first-quarter shipments and profits, confirming its targets for the full year. Net profit at the Munich-based group added 1.2 percent year-on-year to reach 2.3 billion euros ($2.8 billion). But operating, or underlying profits fell 3.1 percent to 2.8 billion euros, as revenues slipped 5.1 percent to 22.7 billion. BMW said […]
FRANKFURT AM MAIN, Germany (AFP) — Germany’s Volkswagen said Wednesday it sold a record number of vehicles in 2017, putting it on track to hold on to the title of world’s largest carmaker two years after its “dieselgate” emissions scandal. Some 10.74 million vehicles from VW or its subsidiaries ranging from Porsche and Audi to Skoda and Seat rolled out of dealerships last year — an increase of 4.3 percent over the previous year, the […]
SAN FRANCISCO, United States (AFP) — The global smartphone market has momentum going into the year-end holiday shopping season, according to preliminary figures released Thursday by International Data Corporation (IDC). An estimated 373.1 million smartphones were shipped worldwide during the third quarter of this year in a 2.7 percent rise from the same period in 2016, IDC said in a statement. While IDC analysts considered the growth low, they saw it as a sign “the industry still has […]
by John Biers Agence France Presse NEW YORK, United States (AFP) — all Street stocks finished at records again Tuesday as a surge in automobile sales following US hurricanes kept the bull market alive. All three major US equity indices notched records for the second straight day, while European and Asian markets also mostly rose as Ford, General Motors and other automakers reported September car sales spike after Hurricanes Harvey and Irma forced consumers to […]
SAN FRANCISCO, United States (AFP) — Shares of Snapchat parent Snap sank to new lows on Thursday after the company reported a hefty quarterly loss and user growth which missed Wall Street expectations. Revenue at the California-based company more than doubled to $182 million while its loss soared to $443 million in the quarter that ended June 30, according to an earnings release. Snap reported a loss of $116 million in the same quarter last […]
TOKYO, Japan (AFP) — Japanese vehicle maker Honda on Tuesday said net profit for the second quarter rose by double digits boosted by strong motorcycle sales, revising up its full-year forecast. The Tokyo-based company said “solid sales of two-wheel vehicles in Asia and cost reduction efforts” contributed to increased profits. Motorcycle sales volume grew in India and Vietnam, Honda said, while four-wheel vehicle sales volume increased in Japan and China but declined in North America. […]
SAN FRANCISCO, United States (AFP) — Microsoft is planning layoffs as it refocuses its sales force on making the software colossus a pivotal part of businesses relying on cloud computing, according to media reports. While many reports forecast the changes would result in thousands of job cuts, Microsoft on Monday only confirmed to AFP that changes were on the way. “Microsoft is implementing changes to better serve our customers and partners,” a Microsoft spokesperson told […]
LONDON, United Kingdom (AFP) — The United States supplier of cladding encasing London’s Grenfell Tower before it was destroyed by a devastating fire announced on Monday it was stopping sales of the material for high-rise buildings. “Arconic is discontinuing global sales of Reynobond PE for use in high-rise applications,” a company spokesman told AFP. The firm put the decision down to “issues that have arisen in the wake of the Grenfell Tower tragedy” and differences […]
SAN FRANCISCO, United States (AFP) — Apple on Tuesday reported a rise in quarterly profits but its shares took a hit from slow-growing revenues and weaker iPhone sales ahead of a 10-year-anniversary model on the horizon. Apple said that its profit climbed 4.9 percent to slightly more than $11 billion on revenue rising 4.6 percent to $52.9 billion in the quarterly that ended April 1. Shares of the California-based company were down nearly two percent […]
LOS ANGELES, United States (AFP) — LeBron James may have pipped him to last year’s NBA Finals crown, but Stephen Curry remains the king of replica shirt sales, the league confirmed Tuesday. Golden State Warriors star Curry, the reigning MVP, topped a list of the best-selling jerseys from the 2016-2017 season, which concludes on Wednesday. James, who led the Cleveland Cavaliers to a thrilling victory over the Warriors in last year’s NBA Finals, was second […]
