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Xperi Inc. (symbol: XPER) is an American technology company renowned for its extensive licensing of technology and intellectual property in diverse fields such as mobile computing, communications, memory and data storage, and three-dimensional integrated circuit technologies. As a consumer and entertainment technology leader, Xperi Inc. offers a robust portfolio of software and services tailored to enhance the user experience across various platforms.
The company's operations are segmented into four primary categories: Pay-TV, Consumer Electronics, Connected Car, and Platform Solutions. The Consumer Electronics segment is the cornerstone of Xperi's business model, generating the majority of its revenue. This segment focuses on embedding advanced technologies in everyday consumer devices, ensuring enhanced functionality and performance.
Pay-TV solutions offered by Xperi deliver state-of-the-art viewing experiences through innovative software that enhances content delivery and user interaction. In the Connected Car segment, Xperi is pushing the boundaries of in-car entertainment and connectivity, providing cutting-edge solutions that integrate seamlessly with modern vehicles.
The Platform Solutions segment encompasses a wide array of services designed to unify and streamline digital content across multiple platforms, ensuring cohesive and efficient media management.
In recent achievements, Xperi Inc. has partnered with leading global brands to drive innovation and deliver superior technology solutions. The company's financial health is robust, reflecting consistent revenue growth and strategic investments in research and development. Xperi's commitment to advancing technology is further evidenced by its active involvement in the latest industry developments and trends.
Stay updated with the latest news and developments related to Xperi Inc. through our comprehensive news section, featuring the most current information directly from Xperi Inc. and other reliable sources.
Xperi Holding Corporation (XPER) released its 2022 Vehicle Predictions report, revealing consumer apprehensions about autonomous vehicles. A survey of nearly 2,000 car owners shows 38% express interest in self-driving cars, but 69% currently distrust the technology. Despite safety concerns, 80% predict self-driving cars will be common in the future. The report highlights the anticipated growth of electric vehicles, with 34% believing EVs will outsell gasoline vehicles in five years. Consumers envision cars as multifunctional spaces, with flying cars potentially becoming a reality within a decade.
Xperi Holding Corporation (NASDAQ: XPER) launched the DTS AutoSense single camera solution at CES 2022, improving driver and occupancy sensing functionality while lowering integration costs. This technology addresses rising vehicle safety concerns and meets global regulatory standards. The solution enhances user experience through features like distraction detection and employs AI for reliability. During the event, Xperi emphasized the importance of in-cabin safety, aligning with consumer demand for safer vehicles as traffic accidents remain a leading cause of fatalities.
Xperi Holding Corporation (NASDAQ:XPER) announced the appointment of Tonia O’Connor to its Board of Directors, effective December 30, 2021. O’Connor brings extensive experience from the media and IP industries, having served as CEO of Chopra Global and previously at Univision Communications, where she managed a multi-billion-dollar portfolio. Her expertise is expected to strengthen Xperi's leadership. CEO Jon Kirchner expressed enthusiasm for her addition, citing her valuable background in technology and intellectual property negotiations.
Xperi Holding Corporation (NASDAQ: XPER) has announced a partnership with Vestel to incorporate DTS Play-Fi technology into Vestel's TVs. This collaboration aims to enhance the audio experience with features like surround sound and whole-home streaming, leveraging Play-Fi's capabilities over standard Wi-Fi. Vestel, a significant player in consumer electronics, will enable broader access to DTS Play-Fi's advanced audio technologies. This partnership is expected to increase consumer choice in the wireless audio market, benefiting both companies.
Xperi Holding Corporation (NASDAQ: XPER) released findings from a national survey indicating that 86% of consumers are more inclined to purchase vehicles with advanced safety-focused computer vision systems. 98% of respondents prioritize safety in vehicle purchases. The study highlights potential consumer demand among younger demographics, with 92% of Millennials favoring vehicles equipped with features that detect driver drowsiness and ensure child safety. The research underscores the increasing interest in vehicle personalization and safety technology.
Xperi Holding Corporation (NASDAQ: XPER) announced that its DTS Play-Fi technology was recognized as a CES 2022 Innovation Awards Honoree. This accolade includes two products: DTS Play-Fi Home Theater in the Smart Home category and DTS Play-Fi apps for Android, Android TV, and iOS in the Software & Mobile App category. The awards, bestowed by the Consumer Technology Association, highlight outstanding design and engineering. DTS Play-Fi enhances home entertainment through high-fidelity audio streaming across multiple devices.
Xperi Holding Corporation (Nasdaq: XPER) reported third-quarter 2021 financial results, showcasing revenue of $219.4 million, an 8.2% increase year-over-year. Despite supply chain challenges, the company achieved cash flow from operations of $82.9 million and repurchased $24.8 million in stock. Notable business developments included the IP licensing segment's revenue of $101.6 million and the TiVo Stream platform expansion. The full-year revenue forecast was narrowed to $870M to $890M, with improved operating cash flow guidance.
IMAX, in partnership with Disney and Xperi, announces the launch of IMAX Enhanced on Disney+, debuting on November 12. This service allows fans to stream 13 Marvel titles in IMAX's Expanded Aspect Ratio, offering up to 26% more picture. Key films include Shang-Chi, Avengers: Endgame, and Black Panther, enhancing the home viewing experience. The collaboration aims to provide immersive audio and visual technology in the future. The Marvel Cinematic Universe has grossed over $1.6 billion in IMAX, solidifying its dominance in the market.
Xperi Holding Corporation (NASDAQ: XPER) will announce its Q3 financial results on November 8, 2021, after market close. An earnings conference call will be held at 2:00 PM PT (5:00 PM ET) that same day, with access available via phone and webcast. Xperi specializes in innovative technologies that enhance entertainment and smart devices, with offerings integrated into billions of consumer products globally.
Xperi (NASDAQ: XPER) has been awarded the 2021 North American Company of the Year Award by Frost & Sullivan, recognizing its innovative culture and expansion in the connected radio market. Xperi's extensive technology portfolio includes brands like DTS and HD Radio, supporting over 100 million vehicles globally. The company’s DTS AutoStage platform enhances in-vehicle entertainment by integrating terrestrial and internet radio content. Recent partnerships in Japan and Germany further bolster its global reach, paving the way for expansion into diverse markets.
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