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Corning forecasts upbeat quarterly core sales on AI-driven demand
Corning forecasts upbeat quarterly core sales on AI-driven demand

Time of India

time12 hours ago

  • Business
  • Time of India

Corning forecasts upbeat quarterly core sales on AI-driven demand

Specialty glass maker Corning forecast third-quarter core sales above Wall Street estimates on Tuesday, led by artificial intelligence-driven demand for its optical connectivity products . Shares of the company rose about 6% in premarket trading. AI has been a growth driver for Corning's products, such as cables and connectors, which are increasingly used by hyperscale data centers to support the massive computing and data transmission demands. "We also expect an additional growth driver to emerge in the coming months, as new and existing customers seek to leverage our large U.S. advanced manufacturing footprint," CEO Wendell Weeks said. Based in New York, Corning also sells a break-resistant Gorilla Glass for mobile phones, tablets and smart watches, and has produced durable glass with infused color for the back of Apple 's iPhone 15 and iPhone 15 Plus devices. Earlier this month, EU antitrust regulators accepted Corning's offer to waive exclusive deals with mobile phone makers and glass processing companies and scrap purchasing clauses to end an eight-month-long investigation and stave off a possible fine. Corning's largest unit - Optical communications - reported net sales of $1.57 billion in the second quarter, a rise of 41% from a year ago. Its core sales in the quarter rose 12% to $4.05 billion, compared with estimates of $3.86 billion, according to data compiled by LSEG. Corning expects third-quarter core sales to be around $4.2 billion, beating estimates of $4.01 billion. The company expects quarterly core earnings per share between 63 cents and 67 cents, compared with estimates of 61 cents.

Corning forecasts upbeat quarterly core sales on AI-driven demand
Corning forecasts upbeat quarterly core sales on AI-driven demand

Yahoo

time16 hours ago

  • Business
  • Yahoo

Corning forecasts upbeat quarterly core sales on AI-driven demand

(Reuters) -Specialty glass maker Corning forecast third-quarter core sales above Wall Street estimates on Tuesday, led by artificial intelligence-driven demand for its optical connectivity products. Shares of the company rose about 6% in premarket trading. AI has been a growth driver for Corning's products, such as cables and connectors, which are increasingly used by hyperscale data centers to support the massive computing and data transmission demands. "We also expect an additional growth driver to emerge in the coming months, as new and existing customers seek to leverage our large U.S. advanced manufacturing footprint," CEO Wendell Weeks said. Based in New York, Corning also sells a break-resistant Gorilla Glass for mobile phones, tablets and smart watches, and has produced durable glass with infused color for the back of Apple's iPhone 15 and iPhone 15 Plus devices. Earlier this month, EU antitrust regulators accepted Corning's offer to waive exclusive deals with mobile phone makers and glass processing companies and scrap purchasing clauses to end an eight-month-long investigation and stave off a possible fine. Corning's largest unit - Optical communications - reported net sales of $1.57 billion in the second quarter, a rise of 41% from a year ago. Its core sales in the quarter rose 12% to $4.05 billion, compared with estimates of $3.86 billion, according to data compiled by LSEG. Corning expects third-quarter core sales to be around $4.2 billion, beating estimates of $4.01 billion. The company expects quarterly core earnings per share between 63 cents and 67 cents, compared with estimates of 61 cents. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

iPhone 15 is selling at the lowest price
iPhone 15 is selling at the lowest price

India Today

time2 days ago

  • Business
  • India Today

iPhone 15 is selling at the lowest price

iPhone 15 is selling at the lowest price By Ankita Garg The iPhone 15 is currently selling at the lowest possible price on Amazon, giving people a chance to buy this iPhone at a discounted price. Here are all the deal details that you need to know. The iPhone 15 is listed on Amazon at Rs 61,400, down from its current official retail price of Rs 69,900. So, you are getting a flat discount of Rs 8,500. The mentioned price is for the 128GB storage model. This is a good deal for many iPhone lovers. The iPhone 15 is one of the best iPhones from Apple and it has a compact 6.1-inch display and comes in five vibrant colours: pink, yellow, green, blue, and black. The device doesn't offer support for Apple Intelligence (AI), but it will still offer a good experience to power users. Apple is anyway yet to make its AI game strong, so iPhone 15 buyers won't be missing out on anything. With a 48-megapixel primary camera, the iPhone 15 captures stunning photos in various lighting conditions. Apple says the battery of iPhone 15 is designed for all-day usage, but people can expect around 9 hours of battery on an average. The A16 Bionic chip provides improved speed and efficiency compared to the previous generation. The iPhone 15 also adopts the universal USB Type-C charging port, replacing the Lightning connector.

Apple iOS 26 Beta Update Now Available: How To Install On Your iPhone? Check Features And Eligible Devices
Apple iOS 26 Beta Update Now Available: How To Install On Your iPhone? Check Features And Eligible Devices

India.com

time2 days ago

  • India.com

Apple iOS 26 Beta Update Now Available: How To Install On Your iPhone? Check Features And Eligible Devices

Apple iOS 26 Beta Update: Apple has released the first public beta of iOS 26 in the country. It gives iPhone users an early chance to try out the new features announced at WWDC earlier this year. The software release comes after multiple developer beta versions, including the recently launched Beta 4, and is now available for anyone eager to preview Apple's upcoming major software update. This update brings a new visual design language called Liquid Glass, along with improvements to core apps like Camera, Photos, and Safari. It also includes a range of AI-powered Apple Intelligence features. Adding further, the update reintroduces AI-generated news summaries in the News app, a feature Apple had earlier paused due to concerns about accuracy. Notably, the final stable release of iOS 26 is expected in September, soon after Apple introduces the iPhone 17 series. iOS 26 Public Beta Update: Eligible iPhone Devices It is available for a wide range of iPhones, including the iPhone 15 series (iPhone 15, 15 Plus, 15 Pro, and 15 Pro Max), the entire iPhone 14 lineup, and all models from the iPhone 13 and iPhone 12 series, including Mini, Pro, and Pro Max variants. It also supports the iPhone 11, 11 Pro, and 11 Pro Max. However, older devices like the iPhone XR, XS, and earlier models are not supported. Adding further, Apple Intelligence features will be exclusive to the iPhone 15 Pro and newer models. iOS 26 Public Beta Features The new update introduces several new features and improvements aimed at enhancing the user experience. The Phone app gets smarter with the addition of Call Screening, helping users manage incoming calls more efficiently. The Camera and Photos apps receive a major overhaul, offering a refreshed interface and improved functionality. A new visual design language called Liquid Glass brings a more fluid and modern look to the system. Apple Intelligence features add AI-powered tools across the OS, making everyday tasks smarter and more intuitive. Adding further, CarPlay gets useful enhancements for a more seamless in-car experience. How To Install iOS 26 Public Beta Step 1: Go to and sign in with your Apple ID. Enroll your iPhone in the Apple Beta Software Program. Step 2: On your iPhone, navigate to Settings > General > Software Update. Step 3: Tap on Beta Updates and choose iOS 26 Public Beta from the list. Step 4: Return to the Software Update screen, tap Download and Install, and ensure your iPhone is connected to Wi-Fi and charged at least 50 percent.

iPhone 15 Plus gets Rs 11,000 discount, but with one condition
iPhone 15 Plus gets Rs 11,000 discount, but with one condition

India Today

time4 days ago

  • Business
  • India Today

iPhone 15 Plus gets Rs 11,000 discount, but with one condition

iPhone 15 Plus gets Rs 11,000 discount, but with one condition Unnati Gusain The iPhone 15 Plus is selling at the lowest possible price right now on Flipkart. Down from Rs 89,900. the e-commerce website has listed the iPhone 15 Plus (286GB) at Rs 81,999. A flat discount of Rs 7,901. Additionally, Flipkart is also offering discounts on various bank credit cards, highest being Rs 8,000 on ICICI Credit Card. There is also an extra discount offer of Rs 3,000 if you choose to exchange your old device with the iPhone 15 Plus. In comparison to iPhone 15, the Plus model can offer you longer battery life and a bigger screen for content viewing. The iPhone 15 Plus is great smartphone and battery life plays a big role. It is recommended to buy the iPhone 15 Plus if you are looking for a standard model. People are advised to cross-check offline channel sale offers too for the iPhone 15 series to get the best deal. iPhone 15 buyers can also consider exchanging their old devices to get more discount on the 2023 iPhones.

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