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OnePlus Is Reportedly Shutting Down In the US, Europe

1 month 2 weeks ago
OnePlus will reportedly announce this week that it is shutting down its brand in the U.S. and Europe, following months of signs that parent company Oppo was winding down the brand's global presence. India and China are reportedly unaffected, but it's unclear whether Oppo will replace the brand directly in those markets. The move also raises questions about future support for existing OnePlus users. 9to5Google reports: WinFuture reports that OnePlus is gearing up for an official withdrawal from the U.S. and European markets, with the announcement due in the "coming days" this week. Closed-door press conferences have apparently happened, with no details shared on the exact reason OnePlus as a brand is shutting down in these markets. India and China are, as far as this report claims, not affected. The report, citing "well-informed sources," notes that this OnePlus announcement will come amid "fundamental changes" to Oppo's strategy, but the big point here is the global death of OnePlus.

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IBM Stock Collapses After a Grave Warning About AI

1 month 2 weeks ago
IBM shares plunged after the company warned that Q2 revenue and earnings would miss expectations, blaming customers' sudden shift in spending toward AI hardware instead of software services. However, CEO Arvind Krishna did not place all the blame on IBM's customers. The CEO also said it "faltered" by failing to "anticipate the magnitude of the capex reprioritization." "These conditions require our teams to execute perfectly, and this quarter we faltered. We did not adapt and move quickly enough, and numerous large deals failed to close on the timelines we expected, driving the majority of our shortfall." Fast Company reports: In the preliminary report, IBM said that for its second quarter of fiscal 2026, it expects revenue of $17.2 billion, which is up 1%. It also said it expects a Non-GAAP Diluted Earnings Per Share (EPS) of $2.93, up 5%. However, as noted by CNBC, these preliminary results are below what analysts were expecting, which was $17.86 billion in revenue, and an EPS of $3.01, according to FactSet data.

Read more of this story at Slashdot.

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