Texas Instruments fighting uphill battles
Texas Instruments, best known for its calculators, is facing multiplying challenges. The analog chips made by Texas Instruments are used in a wide variety of electronic systems across the world. Though the chipmaker is reporting earnings, Texas Instruments stocks are falling. Combined with a controversy over programming blocks, Texas Instruments is facing difficulties on many fronts.
Texas Instruments revenue
In a quarterly report released mid-July, Texas Instruments reported rising income and revenue. The net income of the company was approximately $769 million in the second quarter. Revenue was approximately $3.5 billion in that same time period. The company also estimated that in the third quarter of this year, it will do equally well. Revenue is expected to be in the $3.85 billion range. The chips built by TI can be found in air traffic control systems, medical equipment and some consumer goods.
Stock decline of Texas Instruments
Despite the positive earnings report and estimates, the stock price of Texas Instruments dipped. After-hours trading resulted in a 6 percent dip in the share price of Texas Instruments. This dip in stock price is a result not of the earnings estimates for TI, but for its competitors. Intel, the main competitor for Texas Instruments, has been able to report very good earnings and growth numbers that have left tech investors skittish about TI.
Locking down graphing calculators
Texas Instruments is also facing outrage of many programmers. Hobbyist programmers that have long built games, programs and specialty apps for the powerful Texas Instruments graphing calculators. The latest TI-Nspire calculators, however, have been locked so they can’t use that programming. Third-party development is almost entirely prevented on these calculators. 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 being used for things they were not intended for. What do you think?