Business Topics

Orders for lower-priced Tesla zoom to surprising 198,000

Apr 2, 2016

Orders for lower-priced Tesla zoom to surprising 198,000

Demand for Tesla Motors’ new lower-priced electric car surprised even the company’s CEO Friday as 198,000 people plunked down $1,000 deposits to reserve their vehicles. “Definitely going to need to rethink production planning,” a surprised CEO Elon Musk said on his Twitter feed. Musk ...

Mar 31, 2016

Panasonic drops ¥10 trillion sales target in fiscal 2018

Panasonic Corp. on Thursday dropped its goal of achieving ¥10 trillion in sales in fiscal 2018 as the electronics-maker struggles to build momentum for sustainable growth after restructuring. After a review of its business strategy, Panasonic is now aiming at ¥8.8 trillion in the ...

Smaller, cheaper iPhone gets eager reception in Japan

Mar 31, 2016

Smaller, cheaper iPhone gets eager reception in Japan

The nation’s three major mobile operators on Thursday began selling the iPhone SE, the newest addition to Apple Inc.’s iPhone smartphone series. It is smaller and cheaper than the most recent newcomer, the iPhone 6s. People formed long lines outside the Apple store in ...