BYD Electronic

Apple Reports Strong Fourth Quarter Results with iPhone Sales Soar in China

Retrieved on: 
Wednesday, November 15, 2023
IPhone, AirPods, Goldman Sachs, BYD Electronic, Research, Evercore, Acquisition, Electronics, XR, Apple Watch, Growth, Carbon, Morgan Stanley, Mobile phone

HONG KONG, Nov 16, 2023 - (ACN Newswire) - Apple recently announced its financial results for the fourth quarter of the 2023 fiscal year, revealing impressive figures.

Key Points: 
  • HONG KONG, Nov 16, 2023 - (ACN Newswire) - Apple recently announced its financial results for the fourth quarter of the 2023 fiscal year, revealing impressive figures.
  • iPhone sales accounted for around 50% of the total revenue, reaching $43.8 billion, representing a year-on-year growth of about 3%.
  • Additionally, service revenue reached a new record high at approximately $22.3 billion, showing a year-on-year growth of about 16%.
  • While Apple's revenue in Greater China declined by 2.5% due to exchange rate fluctuations, Apple CEO Tim Cook highlighted that iPhone revenue in mainland China set a September quarter record.

Jabil Completes the Divestiture of Mobility Business

Retrieved on: 
Friday, December 29, 2023
Consumer Electronics, Technology, Manufacturing, Semiconductor, Other Technology, Telecommunications, Other Manufacturing, Networks, Engineering, Mobile, Wireless, Hardware, Failure, Risk, Sale, Acquisition, International, BYD Electronic, Health, Public expenditure, Seemabaddha, Jabil, COVID-19, Climate change, Growth, Mobility, GAAP, Security (finance), Information, Annual report, Bank

GAAP” means U.S. generally accepted accounting principles.

Key Points: 
  • GAAP” means U.S. generally accepted accounting principles.
  • Jabil defines core diluted earnings per share as core earnings divided by the weighted average number of outstanding diluted shares as determined under U.S. GAAP.
  • Jabil defines adjusted free cash flow as net cash provided by (used in) operating activities less net capital expenditures (acquisition of property, plant and equipment less proceeds and advances from sale of property, plant and equipment).
  • We assume no obligation to update these forward-looking statements.

Jabil Posts First Quarter Results

Retrieved on: 
Thursday, December 14, 2023
Sale, Webcast, Acquisition, Climate change, Engineering, Security (finance), International, Mobility, BYD Electronic, Annual report, Risk, Seemabaddha, Public expenditure, Replay, Social conditions in Honduras, Health, COVID-19, GAAP, Growth, Failure, Information, Bank, Jabil

Jabil defines core diluted earnings per share as core earnings divided by the weighted average number of outstanding diluted shares as determined under U.S. GAAP.

Key Points: 
  • Jabil defines core diluted earnings per share as core earnings divided by the weighted average number of outstanding diluted shares as determined under U.S. GAAP.
  • Supplemental Information Regarding Non-GAAP Financial Measures: Jabil provides supplemental, non-GAAP financial measures in this release to facilitate evaluation of Jabil’s core operating performance.
  • Meeting and Replay Information: Jabil will hold a conference call today at 8:30 a.m.
  • ET to discuss its earnings for the first quarter of fiscal year 2024.

Jabil Announces Definitive Agreement to Divest Mobility Business for $2.2 Billion

Retrieved on: 
Wednesday, September 27, 2023
Consumer Electronics, Technology, Manufacturing, Semiconductor, Other Technology, Other Manufacturing, Software, Networks, Engineering, Mobile, Wireless, Hardware, Slate, LLP, Inc., International, Failure, Social conditions in Honduras, BYD Electronic, Electronics, JBL, Wilson, RBC Capital Markets, Renewable energy, Skadden, Arps, Slate, Meagher & Flom, Webcast, Mobility, AI, Seemabaddha, NYSE, Cryptocurrency, Jabil

Jabil Inc. (NYSE: JBL) today announced the signing of a definitive agreement to divest its Mobility business to BYD Electronic (International) Company Limited (“BYDE”) in a cash transaction valued at $2.2 billion.

Key Points: 
  • Jabil Inc. (NYSE: JBL) today announced the signing of a definitive agreement to divest its Mobility business to BYD Electronic (International) Company Limited (“BYDE”) in a cash transaction valued at $2.2 billion.
  • The definitive agreement follows a preliminary agreement announced by the two companies on August 27, 2023.
  • Under the agreement, Jabil’s Mobility business, which manufactures components for consumer electronics, will transfer to BYDE.
  • Forward Looking Statements: This release contains forward-looking statements, including those regarding the definitive agreement and the potential transaction with BYDE.

Jabil Enters into Preliminary Agreement Relating to Sale of Mobility Business

Retrieved on: 
Monday, August 28, 2023
Other Manufacturing, Technology, Semiconductor, Engineering, Other Technology, Automotive Manufacturing, Manufacturing, Hardware, Consumer Electronics, Inc., International, Failure, Social conditioning, BYD Electronic, JBL, History, Sale, Renewable energy, Annual report, Mobility, Security (finance), AI, Seemabaddha, NYSE, Cryptocurrency, Commercial property, Jabil

Jabil Inc. (NYSE: JBL), today announced a preliminary agreement with BYD Electronic (International) Company Limited (“BYDE”) relating to the sale of its Mobility business in a potential transaction expected to be valued at approximately $2.2 billion.

Key Points: 
  • Jabil Inc. (NYSE: JBL), today announced a preliminary agreement with BYD Electronic (International) Company Limited (“BYDE”) relating to the sale of its Mobility business in a potential transaction expected to be valued at approximately $2.2 billion.
  • “If completed, the proceeds from this transaction will enable us to enhance our shareholder-centric capital framework, including incremental share buybacks.
  • As part of the agreement, the parties have agreed to endeavor to enter into a definitive agreement.
  • Forward Looking Statements: This release contains forward-looking statements, including those regarding the preliminary agreement and the potential transaction with BYDE.

MyyShop awarded "Most Innovative Social Commerce Platform" at Global Brands Magazine's Global Brand Award 2023

Retrieved on: 
Friday, August 11, 2023
Industrial and Commercial Bank of China, Social commerce, DHL, Commercial bank, Electronics, Fidelity Investments, ICBC, News, BYD Electronic, Alipay, NVIDIA

BEIJING, Aug. 11, 2023 /PRNewswire/ -- MyyShop, a pioneering social commerce platform launched by DHGATE Group, has been recognized by Global Brands Magazine's annual awards as "the Most Innovative Social Commerce Platform".

Key Points: 
  • BEIJING, Aug. 11, 2023 /PRNewswire/ -- MyyShop, a pioneering social commerce platform launched by DHGATE Group, has been recognized by Global Brands Magazine's annual awards as "the Most Innovative Social Commerce Platform".
  • In 2023, MyyShop launched the Million-Follower Movement campaign dedicated to helping content creators monetize their social impact effortlessly.
  • Global Brands Magazine has been at the forefront, bringing news, views, and opinions on brands shaping the future of their industry.
  • Winners include global brands such as Industrial and Commercial Bank of China (ICBC), Fidelity Investments, NVIDIA, BYD Electronics, Alipay, and DHL, among other prominent brands.

The Global Automotive Four-wheel Drive Vehicle Market is expected to grow by 2423.33 units during 2023-2027, accelerating at a CAGR of 3.85% during the forecast period

Retrieved on: 
Wednesday, November 30, 2022
Mitsubishi Motors Corp. v. Soler Chrysler-Plymouth, Inc., Ford Motor Company, BYD Electronic, Isuzu, Mahindra, Volkswagen Group, BMW, Torque, Suzuki Motor Corp. v. Consumers Union of the U.S., Inc., AWD, Toyota, Motor vehicle

View original content:https://www.prnewswire.com/news-releases/the-global-automotive-four-whee...

Key Points: 
  • Also, the availability of multiple terrain profiles with four-wheel drive systems and the development of intelligent torque vectoring for AWD will lead to sizable demand in the market.
  • The analyst presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
  • Technavios market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
  • Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

UP Fintech posts revenue of US$53.5 million in 2022 Q2

Retrieved on: 
Wednesday, September 7, 2022
Cloud, COVID-19, LONGi, The Company, Technology, CEO, Interactive Brokers, ADR Institute of Alberta, Ali Baba, MAU, Tiger, IPO, CME Group, Chicago Board Options Exchange, Financial technology, NIO, CBOE, AUM, SEC, SGX, U.S. Securities and Exchange Commission, BYD Electronic, Nasdaq, Company, Xiaomi, Electronics, LLC, Baidu, SF, Terminology, Annual report, Private Securities Litigation Reform Act, Form 20-F, Industry, Growth, Singapore Exchange, TIGR, ESOP, Bank, Video game, Financial services, Public relations, Online shopping, Security (finance), Renewable energy, Eurex Exchange, Q2

NEW YORK, Sept.7, 2022 /PRNewswire/ -- UP Fintech Holding Limited ("UP Fintech" or the "Company", Nasdaq: TIGR, and all its subsidiaries and consolidated entities), an online brokerage with a focus on redefining global investing with technologies for the next generation, announced its unaudited financial results for the three months ended June 30, 2022. During the reporting period, UP Fintech registered revenue of US$53.5 million. Non-GAAP net income was US$3.5 million, compared to a non-GAAP net loss of US$4.4 million in the same quarter of last year. During the reporting period, the number of customer accounts increased by 38,800, totaling 1.9 million, and the number of customers with deposits increased to 731,400, up 38.2% from the same quarter last year. Over 70% of funded accounts were from markets outside of mainland China. Net asset inflow from customers exceeded US$1.5 billion during the second quarter. The company retained 99% of its customers on a quarterly basis.

Key Points: 
  • During the reporting period, UP Fintech registered revenue of US$53.5 million.
  • Non-GAAP net income was US$3.5 million, compared to a non-GAAP net loss of US$4.4 million in the same quarter of last year.
  • Our swift product scale-up capabilities and self-developed technology architecture are the cornerstones of our global expansion strategy," said Wu Tianhua, CEO and founder of UP Fintech.
  • In the second quarter, the company's commission income stood at US$28.2 million, along with an interest-related income of US$16.0 million.