Latest Consumer electronics manufacturing News

Holiday shoppers navigate shortages with mixed results

Dec. 02, 2021 09:37 AM EST

NEW YORK (AP) — Like many shoppers, Kathleen Webber understands the struggles of getting the right gifts for her three children this holiday shopping season amid widespread shortages. She promised to buy her 23-year-old son the Sony Corp. PlayStation 5, but he hasn't...

Samsung says it will build $17B chip factory in Texas

Nov. 23, 2021 22:49 PM EST

Samsung said it plans to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices. “This is the largest foreign direct investment in the state of Texas, ever,” Texas Gov. Greg...

Best Buy shares tumble on theft, supply constraints

Nov. 23, 2021 11:50 AM EST

NEW YORK (AP) — Best Buy Co.'s shares tumbled Tuesday after the nation's largest consumer electronics chain posted a decline in gross profit margin for the fiscal third quarter, citing organized theft and increased promotions compared to a year ago. The company also...

Under pressure, Apple allows self-repairs to iPhones, Macs

Nov. 17, 2021 19:00 PM EST

Apple is letting some iPhone users fix their own phones, a sharp turnaround for a company that has long prohibited anyone but company-approved technicians from fiddling with its proprietary parts and software. The company said Wednesday that it will enable users of two of...

Axon, Peloton rise; Desktop Metal, Freeport-McMoRan fall

Nov. 16, 2021 16:23 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Axon Enterprise Inc., up $10.38 to $177.79. The maker of stun guns and body cameras handily beat Wall Street's third-quarter profit forecasts. ...

Amid US sanctions, Huawei highlights uses for 5G technology

Nov. 02, 2021 10:41 AM EDT

BEIJING (AP) — China’s Huawei Technologies Co. is providing smart services and 5G technology to industries such as healthcare, creating new revenue streams that might offset the damage to its smartphone business from U.S. sanctions. In the southern city of Guangzhou,...

Huawei sales off 32% after US sanctions, smartphone sale

Oct. 29, 2021 04:11 AM EDT

BEIJING (AP) — Chinese tech giant Huawei's sales fell 32% from a year earlier in the first nine months of 2021 under U.S. sanctions and following the sale of its Honor smartphone brand, according to figures released Friday. Huawei Technologies Ltd.’s smartphone and...

Apple's strong quarter suffers $6B blow from supply shortage

Oct. 28, 2021 18:38 PM EDT

SAN RAMON, Calif. (AP) — Apple’s iPhone sales soared yet again in the past quarter, but didn’t grow as rapidly as analysts anticipated because of supply shortages that have made it more difficult to meet the demand for a wide range of products. Until recently, the...

EXPLAINER: What is the metaverse and how will it work?

Oct. 28, 2021 18:37 PM EDT

The term “metaverse" is the latest buzzword to capture the tech industry's imagination — so much so that one of the best-known internet platforms is rebranding to signal its embrace of the futuristic idea. Facebook CEO Mark Zuckerberg's Thursday announcement that he's...

EXPLAINER: What is the metaverse and how will it work?

Oct. 28, 2021 16:56 PM EDT

The term “metaverse" is the latest buzzword to capture the tech industry's imagination — so much so that one of the best-known internet platforms is rebranding to signal its embrace of the futuristic idea. Facebook CEO Mark Zuckerberg's Thursday announcement that he's...