Latest news with #market share
South China Morning Post
13 hours ago
- Automotive
- South China Morning Post
Tesla seeks a comeback in China with refreshed Model 3 and Model Y
Tesla , faced with a shrinking market share in mainland China, plans to follow the lead of its local rivals by rolling out larger and longer-range variants of its Shanghai-made vehicles to entice consumers. Advertisement A six-seat Model Y and an upgraded edition of the Model 3 that has an 800km driving range were likely to strengthen the US carmaker's mainland deliveries in the coming months, but it might not be sufficient to regain its dominance in the country's premium electric vehicle (EV) segment, according to dealers and analysts. Tesla was expected to begin delivering the refreshed Model 3 and Model Y to mainland customers as early as September. 'Tesla has learned a lesson from its Chinese rivals – luring consumers with updated editions,' said Tian Maowei, a sales manager at Yiyou Auto Service in Shanghai. 'It pins hope on the new tactic to adapt to the changing consumer trends in the market.' According to the China Passenger Car Association (CPCA), Tesla's share of the mainland EV market fell to 3.8 per cent in June from 6.9 per cent a year earlier. The company's EV sales accounted for 16 per cent of the national total in 2020, when its Shanghai Gigafactory opened. Advertisement The Shanghai factory, Tesla's largest production hub worldwide, builds only fully electric Model 3 and Model Y sport-utility vehicles.
South China Morning Post
a day ago
- Business
- South China Morning Post
China's shipbuilding lead endures, but market share dips amid US port-fee threat
China retained its leading position in the global shipbuilding market during the first half of the year, according to data from the industry association, despite a decline in market share caused by buyers' concerns over the threat of US port fees on Chinese-built vessels. It secured 68.3 per cent of new vessel orders in the global market in the first six months of the year, compared with 74.7 per cent in the same period last year, China's shipbuilding industry association said on Monday. The order volume fell by 18.2 per cent, year on year, to 44.33 million deadweight tonnes. Analysts have attributed the decline in market share to a decrease in orders for oil and LNG tankers, but still believe in China's competitive advantages. 'Shipowners are cautious about choosing shipyards for their tanker orders, given the US' prominent role in oil and LNG export,' said Wu Jialu, chief analyst at Citic Futures. Considering that the US port fee targeting Chinese-built vessels is set to take effect on October 14 , Wu said such concern could have a medium- to long-term impact on China's shipbuilding industry. The US, a major oil exporter, reached a record high in crude oil exports in 2024, exceeding an annual average of 4.1 million barrels per day, according to data from the US Energy Information Administration. It also remained the world's largest LNG exporter in 2024, exporting an average of 11.9 billion cubic feet per day, the data showed.
Daily Mail
a day ago
- Business
- Daily Mail
Lidl poised to overtake Morrisons as UK's fifth largest supermarket
Lidl looks set to overtake Morrisons as the UK's fifth- largest supermarket after its market share hit a record high this summer. More than half a million new customers flocked to the discount retailer's 960 stores amid concerns over higher grocery bills. Lidl is now hot on the heels of Morrisons after its slice of the market hit 8.3 per cent over the three months to July 13, according to industry research group Worldpanel. Lidl sales over the period were 11.1 per cent higher than a year earlier when its share of the market was 7.8 per cent. The surge saw it further narrow the gap with rival Morrisons, whose market share has fallen from 8.7 per cent to 8.4 per cent in the past year, the report showed. Morrisons has already lost its position as the fourth-biggest grocer in Britain to Aldi . Nearly two thirds of households told Worldpanel they are very concerned about the cost of their grocery shopping. Price increases on key goods including cocoa and beef have ramped up pressure on supermarket chains locked in a bitter battle to retain shoppers. Morrisons' slip comes as boss Rami Baitieh attempts to engineer a recovery at the private-equity owned group. Last month, he said it had 'bounced back' after its technology supplier Blue Yonder was hit by hackers in November, throwing its stock systems into disarray. Morrisons has lost sales and market share to cheaper rivals since its takeover by Clayton, Dubilier & Rice (CD&R) in a debt-fuelled £7billion deal in October 2021. After Labour piled on costs for retailers at the Budget last year, Morrisons cut more than 350 jobs across its cafes, convenience stores, florists and fresh food counters, in March. The figures also underscored the woes facing Britain's third-largest grocer, Asda. The firm, also owned by private equity, saw sales plunge 3 per cent from £4.4billion to £4.25billion over the past three months, while its market share fell to 11.8 per cent. The dire performance came after executive chairman Allan Leighton insisted the 'green shoots' of recovery are appearing as it slashes the price of thousands of products and improves stock levels. A spokesman for Lidl said the record market share was 'a clear signal that shoppers are voting with their feet. 'This milestone reflects our long-standing position as the fastest-growing bricks-and-mortar supermarket in the UK, as well as our commitment to offering high quality, affordable produce – which is why we've attracted more than half a million new customers.' Meanwhile, Tesco improved its share to 28.3 per cent as sales grew by 7.1 per cent, the fastest rate since December 2023. And Britain's number two supermarket Sainsbury's saw sales climb by 5.3 per cent, putting its market share at 15.1 per cent.
Yahoo
2 days ago
- Business
- Yahoo
Dear Intel Stock Fans, Mark Your Calendars for July 24
The company's long-standing reluctance to take bold risks has prevented it from extending its leadership into emerging tech frontiers. The chip maker is now struggling to keep pace in the red-hot AI space. As demand for AI accelerators surges, Intel has struggled to capitalize on the opportunity. In fact, the company's Gaudi AI chips, launched to compete with AI darling Nvidia, failed to gain meaningful traction. Fast forward to mid-2024, and that dominance has taken a hit. While Intel still leads, its desktop CPU share has dipped below 80%, and its server share has dropped to around 75%. With AMD stepping up its game and launching top-tier chips, Intel's once-firm grip on its core business is starting to loosen. A significant part of Intel's downfall also stems from its cautious approach. With a market capitalization of roughly $101.5 billion, California-based Intel has been a dominant force in the PC processor market for decades. Back in 2017, Intel was the undisputed king of CPUs, commanding nearly 90% of the desktop market and more than 98% of the server space. With in-house manufacturing as a key advantage, the company looked unstoppable. With all these factors in play, as the company prepares to report its second-quarter earnings on July 24, the spotlight is on whether Intel's aggressive restructuring strategies under new leadership are finally beginning to bear fruit. The results will provide a key look at the extent of Intel's actual progress in its turnaround journey in an increasingly competitive chip market. But after a bruising year, the tide may finally be turning for the chip giant in 2025. Since former board member Lip-Bu Tan stepped in as CEO in March, Intel's stock has started to show signs of life. Tan has moved quickly to cut costs, reduce headcount, and shake up the company's layered structure. The goal is to transform a sluggish giant into a faster, leaner contender in a chip industry that's evolving at lightning speed. Once a towering name in the semiconductor world, Intel (INTC) has seen its shine fade in recent years. Investor sentiment cooled as the company lost ground to fast-moving rivals like Nvidia (NVDA) and Advanced Micro Devices (AMD). A series of missed opportunities in the artificial intelligence (AI) space, combined with a costly and uncertain bet on expanding its foundry business, only deepened the decline, dragging the stock lower throughout 2024. Story Continues After plunging 30% over the past year and falling well behind the S&P 500 Index's ($SPX) 13.2% gain during that same period, 2025 has brought a fresh wave of optimism. With a new CEO at the helm and hopes building around a potential turnaround, the stock has staged an impressive comeback. So far this year, Intel is up 16.7%, easily outpacing the broader market's 7.1% rise. Intel's Q1 Earnings Snapshot In April, Intel kicked off the first quarter of fiscal 2025 with revenue of $12.67 billion, roughly flat year-over-year (YOY), but slightly ahead of the $12.34 billion Wall Street had expected. It also marked the first earnings report under new CEO Lip-Bu Tan, who took the reins earlier this year following Pat Gelsinger's departure amid pressure from the board and investors. That said, Intel's Q1 performance painted a mixed picture across its major business segments. The data center group reported $4.1 billion in sales, marking a solid 8% annual increase, a bright spot in an otherwise uneven quarter. Meanwhile, the company's ambitious foundry business, seen as a key pillar of its future strategy, posted $4.7 billion in revenue, up 7% YOY. However, Intel's core PC chip business, reported under the Client Computing Group (CCG) segment, continued to face headwinds, with revenue slipping 8% to $7.6 billion amid soft consumer demand and intense competition. On the profitability front, pressure remained evident. Gross margin contracted to 36.9%, a 4.1 percentage point decline from the prior year, driven by shifts in product mix and elevated production costs. Adjusted net income dropped a notable 23.6% to $580 million, while adjusted EPS fell to $0.13 from $0.18 in Q1 of fiscal 2024. Still, the reported figure was a solid beat against Wall Street's projection of just $0.01 per share. Intel investors are counting on CEO Lip-Bu Tan to revive a company that's been steadily losing ground in its core processor business and struggling to compete in the red-hot AI chip space dominated by Nvidia. While reflecting on the Q1 performance, CEO Lip-Bu Tan noted, 'The first quarter was a step in the right direction, but there are no quick fixes as we work to get back on a path to gaining market share and driving sustainable growth.' Dear Intel Stock Fans, Mark Your Calendars for July 24 Under its new leadership, Intel is tightening the reins on spending as it sharpens its focus on execution and efficiency. The company is streamlining its structure, eliminating management layers, and empowering its engineering teams to accelerate product development and enhance accountability. As part of the overhaul, Intel lowered its fiscal 2025 non-GAAP operating expense target to $17 billion from $17.5 billion and set a new goal of $16 billion for fiscal 2026. On the capital front, Intel lowered its gross capital expenditures target for 2025 to $18 billion, down from $20 billion previously, thanks to improved asset utilization and operational efficiencies. Looking forward to the company's Q2 results, which is scheduled to be released after the market closes on July 24, management expects revenue to land between $11.2 billion and $12.4 billion, while GAAP loss is projected to come in at $0.32 per share. Intel's near-term outlook remains cautious, with analysts expecting the company's Q2 GAAP loss to hold steady YOY. However, sentiment improves further out. Wall Street is projecting a 64.7% reduction in annual losses for fiscal 2025, signaling progress on cost-cutting and operational improvements. Even more encouraging, analysts forecast the company to return to profitability in fiscal 2026, with expected GAAP earnings of $0.15 per share. What Do Analysts Expect for Intel Stock? Overall, Wall Street is treading carefully with Intel, maintaining a cautious 'Hold' consensus as analysts wait for more concrete progress in the company's turnaround story. Of the 38 analysts offering recommendations, only one advocates a 'Strong Buy' rating, a majority of 32 give a 'Hold,' while the remaining five maintain a 'Strong Sell' rating. The stock is presently trading slightly higher than its average analyst price target of $22.68. However, the Street-high price target of $62 implies that INTC can rally as much as 168.4% from its current level. On the date of publication, Anushka Mukherji did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Phone Arena
17-07-2025
- Phone Arena
The biggest problem with the Galaxy Tab S11 Ultra is that... it exists
You probably don't remember this now, but back in 2020, Samsung was the rising star of the global tablet market (alongside Lenovo, but that's a different story for another time). While Apple's industry supremacy looked just as solid half a decade ago as it does today, worldwide Galaxy Tab shipments incredibly jumped from 21.7 to 31.3 million units between 2019 and 2020, boosting their manufacturer's market share to 19.1 percent. Fast-forward to 2024, and while Samsung is still the world's number two tablet vendor, it's hard to look at the company's latest year-ending figures and notice much progress. Granted, the market as a whole has gone through some tough times over these last four years, but there's clearly more to Samsung's stagnation than that. After all, Apple has managed to improve its share from 32.5 to 38.6 percent in the same timeframe that the silver medalist dropped from a 19.1 to an 18.8 percent slice of the pie. In these situations, there are obviously many factors at play, but after the latest Galaxy Tab S11 Ultra leak, I can't shake the feeling that one key detail towers above all the rest in terms of potential causes for Samsung's tablet market struggles. Quick, what was the best Android tablet available in 2020? If you don't recall that information (which I can totally understand), allow me to refresh your memory. That was either the 11-inch Galaxy Tab S7 or 12.4-inch Galaxy Tab S7 Plus, depending on your personal screen size preference. The Galaxy Tab S7 Ultra was not in the conversation because... no such device existed, and if you ask me, Samsung should stop experimenting and go back to that simpler time for the company's high-end tablet roster. Yes, gargantuan 14-inch+ tablets are an experiment that has no place in the industry's mainstream landscape, and skipping the Galaxy Tab S10 last year and then (allegedly) the Tab S11 Plus this year suggests a lack of maturity totally unbefitting of a veteran like Samsung. The Galaxy Tab S10 Ultra is an almost comically large tablet that probably should have been dropped in favor of a more compact Tab S10. | Image Credit -- PhoneArena I don't know a single person who doesn't find the 14.6-inch Galaxy Tab S10 Ultra uncomfortable, unwieldy, or just plain old weird, so it's certainly... even weirder to see its maker insist with keeping the Ultra member of its tablet family alive at the expense of other models with (objectively) better chances of achieving higher commercial success. Now, granted, I don't have any official sales numbers for last year's Tab S10+ and Tab S10 Ultra, but I strongly feel that a "classic" Tab S10/Tab S10 Plus duo would have proven more successful, and the same goes for a Tab S11/Tab S11+ combo this year that's reportedly not happening. Look, I'm not going to talk about the notch that much because it's clearly not that important. Do I like it? Definitely not. Do I want to see it gone? Absolutely. Would the Galaxy Tab S11 Ultra stand a significantly better chance of becoming a box-office hit without it? I don't think so. And that's because, with or without a screen cutout, said screen is still too... darn... big. The Tab S10 Ultra's body as a whole is totally bonkers, exceeding the height of Apple's 2024-released iPad Pro 13 by no less than 45mm. Funnily enough, a recent rumor called for an even larger than 14.6-inch display for the Galaxy Tab S11 Ultra, which seems equally absurd and unrealistic to me. You can't really tell from this blurry image, but the Tab S11 Ultra is likely to be really uncomfortable to hold. | Image Credit -- Evan Blass on X But even at "just" 14.6 inches, the Tab S11 Ultra sounds like a virtually guaranteed failure, especially with yet another MediaTek processor on deck. That's right, Samsung is expected to persist in its errors and snub Qualcomm's Snapdragon chipset family for the second tablet generation in a row. Now imagine if the Galaxy S25 Ultra had packed a MediaTek SoC instead of a Snapdragon 8 Elite. Would you have still considered that the best Android phone in the world? Probably not. Would you have still been inclined to pay $1,300 for it? Almost certainly not. So how in the world does Samsung expect anyone the least bit familiar with the mobile industry to spend (well) over $1,000 for a state-of-the-art new "Ultra" tablet with a decidedly-not-ultra MediaTek Dimensity 9400+ processor under the hood? It's not even about the performance of said MediaTek chip, which I know is not bad by any measure of the word, but this feeling that Samsung is making (even the tiniest of) compromises on a product that should be completely uncompromising. And that, my friends, is also what's wrong with the admittedly small but still very much present notch. Secure your connection now at a bargain price! We may earn a commission if you make a purchase This offer is not available in your area.
