Sales of commercial-grade unmanned aerial vehicles, or drones, are set to soar over the next 10 years, driven by applications such as filmmaking, mapping, prospecting and disaster relief. Market research firm Tractica predicts that worldwide shipments of commercial drones will increase from 80,000 units to nearly 2.7 million units in 2025. Tractica sees drone hardware sales rising from $283 million this year to nearly $4 billion in 2025. Services
Qualcomm (QCOM) late Wednesday announced it’s initiated a major corporate overhaul that includes big job cuts and the possible breakup of the wireless chipmaker, and it posted steep declines in earnings and sales for its fiscal Q3. The company announced it would cut its workforce by about 15%. Qualcomm had 31,300 employees as of Sept. 28, 2014, so the cuts would come to roughly 4,700 jobs. It also plans to “significantly” cut its temporary
Tesla Motors (TSLA) said Wednesday that it will release second-quarter financial results on Aug. 5 after the market closes. But worries about costs and competition are weighing on the luxury electric-car maker. Tesla stock fell as low as 260.86 on Wednesday, but found support a little above the 50-day moving average and closed up 0.4% t 267.87 in the stock market today. That follows Tuesday’s sharp reverse from a Monday breakout, as a UBS analyst