Global Chip Shortages, Supply Chain Issues Impact EV Quality; Tesla Ranks 7th From Bottom: Report
Worldwide chip shortages and supply chain concerns have harmed EV quality across the industry. JD Power, a consumer research and analytics firm, ranks Polestar lowest, while Elon Musk's Tesla ranks seventh from the bottom. General Motors defies the trend by improving initial quality, bringing the company to the top of the automotive industry. Buick's quality improves, driving it to first position overall in 2022, while Genesis leads the… read-more
Tags: Tesla, Electric Vehicles, JD Power, Chip Shortage, Supply chain
Courtesy: Zee News
Nintendo Lowers Sales For 'Switch' Due To Chip Shortage
Nintendo Cooperation Ltd, based in Japan, announced on November 5 that a global chip scarcity has hampered hardware development, forcing the company to lower sales projections for its popular Switch device. The company is highly dependent on its console revenue, while rivals such as Microsoft are growing through membership and cloud-gaming services. "We… read-more
Tags: Nintendo, Japan, hardware development, Chip Shortage, Nintendo Switch
Courtesy: Reuters
Honda Records 30% Lower Profits Due To Silicon Chip Shortage
Honda Motor Company, on November 5, recorded its lower profit margin due to the "silicon chip shortage" globally. Reportedly, the Japanese automaker had to lower its production of vehicles causing loss in the overall profit upto 30%. Moreover, the company said that the profit fell by almost a third, to 198.9 billion Yen for three months. "The result was higher than an average forecast of 183.5 billion," said the company.
Tags: Honda, Chip Shortage, revenue loss, Japan, Tokyo
Courtesy: Reuters
Apple To Slash iPhone 13 Production; Chip Shortage
Owing to the shortage of chips in the global market, Apple Inc is likely to reduce the production of iPhone 13 by 10 million units. Reportedly, the company's share also fell by 1% in after-hours trading. According to media reports, major chip manufacturers such as Broadcom Inc and Texas Instruments are unable to supply chips as they are also facing a shortage of raw materials.
Tags: Apple, Apple Iphone 13, Technology, Chip Shortage
Courtesy: The Hindu Business Line