Apple’s MacBook mostly dodged holiday weakness a few quarters ago, but shipments fell 40.5% compared to the first three months of 2022. This trend could continue throughout the year.
San Francisco sees a rise in other vehicles hitting AVs and drivers fleeing the scene with little fear of being caught. Technology alone cannot solve this issue.
Reebelo defies financial turmoil to raise $29 million in funding: The Singapore-based consumer electronics resale marketplace plans to use the funds to grow its US business and expand into new markets.
China’s semiconductor industry stockpiles: Chipmakers fill several large warehouses in anticipation of tighter economic restrictions. This might result in artificial global scarcity that could haunt the chip sector for years to come.
Slowing consumer demand rocks tech’s ivory tower: Apple, Alphabet, and Amazon turned in disappointing quarterly earnings. Expect further austerity measures, including layoffs, which could prove costly.
Samsung unpacks incremental upgrades: Galaxy smartphones aimed at filmmakers and low-light photographers, plus a slew of high-end notebook PCs, are not the products consumers are looking to buy today.
Constrained chip supply continues: The yearslong chip crisis isn’t getting any better, and some markets aren’t expecting relief until 2024. But dwindling consumer demand could lead to oversupply and stagnating innovation.
PC slump slams peripheral and accessory market: The ripple effects of reduced consumer spending are creeping beyond PCs. Webcams, which were backordered during the pandemic, saw a 50% decline in sales in Q4.
US consumers spent $497 billion on tech last year, according to the Consumer Technology Association. That’s a $15 billion drop from 2021. This year, spending will decline again, by $12 billion.
Apple’s next move: The company lost $1 trillion in a year, saw China’s COVID-19 shutdowns diminish Q4 iPhone sales, and is now wrestling with shrinking demand for multiple products as consumers brace for a recession.
Amazon laying off 18,000: That’s significantly more than previously disclosed and could indicate that widespread job cuts are around the corner for tech companies. Job uncertainty could lead to panic and stall innovation.
Interoperability standard Matter could be a boon for advertisers: We share a snapshot from our recent report on how the long-awaited protocol is creating a new blueprint for marketers to reach consumers.
Tesla takes on the semitrailer truck market: As competition in EVs intensifies, Tesla ships its first Semi to show a diversifying product mix. Meanwhile, various recalls pile up, exposing a pattern of QA mishaps.
Tesla isn’t the status symbol it once was: Industry competition, inflation, supply chain issues, and a distracted CEO are major challenges for Tesla, but tax credits could help next year.
Ford, VW vehicles rendered obsolete by 3G shutdowns: The carmakers are dealing with the fallout of 2014-2019 models no longer being able to remotely start, lock, or unlock due to the loss of 3G access.
Apple and Amazon deal faces a new lawsuit: The companies are headed to court to determine if their 2019 deal for Apple’s storefront on Amazon Marketplace reduced competition from independent Apple resellers.
Sen. Elizabeth Warren suspicious of Big Tech’s carmaking ambitions: Google lends its software expertise to help Renault build vehicles digitally. It’ll meet consumer demand for connected cars but also trigger antitrust scrutiny.
Analyzing Meta’s business pivot: Meta could hold off on its business aspirations and improve various aspects of the current metaverse before pushing its business aspirations, at least until the economy improves.
Autonomous vehicle sector crashes: After a two-year funding heyday, AV companies’ valuations have nosedived. The technology is to blame, not just the market. More collaboration is the answer.