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(AOF) – The biggest decliner in the CAC 40 index, STMicroelectronics (-4% to 25.10 euros) is suffering from the second warning in as many weeks in the automotive sector in Europe. After BMW, Mercedes has lowered its 2024 adjusted operating margin forecast. The German firm cited “a further deterioration in the macroeconomic environment, mainly in China”. STMicroelectronics had issued a warning at the end of July after reporting in particular that its chip sales to the automotive sector had come in below expectations in the second quarter.
According to the breakdown of its revenues according to its end markets, the automobile industry represented 41% of its turnover in 2023, according to a presentation by the Franco-Italian group.
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Sector sheet – Electronics
Large TVs are booming
If specialists expected less appetite for large televisions at the end of the health crisis, this is clearly not the case. The IFA highlighted the development of this equipment, with screens that can reach up to 120 inches. This market segment should see its activity driven by the Olympic Games next summer. A leader for seventeen years in the television market, Samsung offers the most complete technological range. Large televisions are rather part of the standard products for the Korean giant. As for the Chinese TCL, which took second place in the world market from LG, it is banking on the accessibility of its products, with prices significantly lower than those charged by Samsung. The group achieved growth of nearly 68% between the first half of 2021 and 2022 in the segment over 65 inches. Over one year, the average size of screens marketed by TCL increased from 46.3 to 49.9 inches. Another Chinese player, Hisense, is also looking to gain market share in this niche.
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