Texas Instruments, best known for its calculators, is facing multiplying challenges. Chips made by Texas Instruments are mostly analog chips, and are used in numerous places. Despite the report of optimistic earnings, the stock earnings for the business are falling. There are many difficulties for the company, including blocks on third-party programming. Article source – Texas Instruments fighting uphill battles by Personal Money Store.
Texas Instruments revenue
In a quarterly report released mid-July, Texas Instruments reported rising income and revenue. There was about $ 769 million in net income in just the second quarter. Total revenue for that same quarter was at about $ 3.5 billion. The very same level of income and revenue is expected for the 3rd quarter of the year. The business expects that in the 3rd quarter, there could be about $ 3.85 billion in revenue. Air traffic control systems, medical equipment, and consumer goods all carry chips made by Texas Instruments.
Reduction in price in Texas Instruments stock
Despite the good earnings report and estimates, the stock price of Texas Instruments dipped. Trading in after-hours stock trades, TI lost about 6 percent of value. This dip in stock price is a result not of the earnings estimates for TI, but for its competitors. The primary competitor for Texas Instruments is Intel, and that business has reported growth numbers that tech investors are much more confident it.
Blocking third party development
Texas Instruments is also facing outrage of numerous programmers. Hobbyist programmers that have long built games, programs and specialty apps for the powerful Texas Instruments graphing calculators. Outside programming simply isn’t allowed on TI-Nspire calculators, though.This is creating controversy within tech communities because some say that they have bought and paid for the devices, and they should be able to do what they want with them. Others say that Texas Instruments has the right to prevent their devices from getting used for things they weren’t intended for. What do you think?
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