Business Wire India

Tigo Energy, Inc. (NASDAQ: TYGO) (“Tigo” or “Company”), a leading provider of intelligent solar and energy solutions, today announced that the Predict+ platform now offers integrated real-time spot market pricing for ISO customers in the United States. Predict+ provides utilities with deep insights into grid demand, renewable generation, and energy market dynamics, enhancing the precision, scalability, and robustness of energy forecasting to up to 97.5% accuracy through machine learning and artificial intelligence. For energy providers, Predict+ helps streamline operations, reduce volatility, and maximize performance.

 

Predict+ empowers utility operators to adapt to real-world demand challenges when balancing renewable and baseload generation sources, particularly during extreme weather events and market disruptions. On the demand side, with smart meter integration, Predict+ models each meter individually and performs extensive calculations on actual, historical, and average data to accurately predict usage patterns. The new real-time energy spot market pricing integration now joins the four primary functional domains within Predict+, including Market Insights, Customer Insights, Profit Analysis, and Regulatory Support.

 

 

“Our retail energy business depends on highly accurate, real-time data from a wide range of sources, and Predict+ consistently delivers,” said Khristian Camacho, Vice President of Pricing and Supply at CPV Retail, an affiliate of Competitive Power Ventures (CPV). “When entering new markets, we’ve leveraged Predict+ to better understand demand and pricing dynamics for bid placement, real-time settlements, and precise day-ahead forecasting. These insights support our team when developing flexible, tailored strategies that help customers manage their energy costs and capitalize on evolving market conditions.”

 

 

In February of 2025, Tigo announced that the Predict+ platform had grown to 140,000 meters under management over the three years since its founding, covering approximately 600GWh of energy. That number has more than doubled in the fourteen months since the first announcement, and now includes 365,000 meters under management.

 

 

“Predict+ brings actionable energy intelligence and load forecasting accuracy onto a single pane of glass, with data intervals ranging from by-the-minute to daily, monthly, and annually,” said Archie Roboostoff, vice president of software at Tigo. “For customers like CPV, the platform goes beyond day-to-day weather forecasting by incorporating factors like holidays and building types to create demand profiles, and integrating those data with top-down, big-picture forecasts.”

 

 

Predict+ is available for utilities, energy retailers, energy traders, independent power producers, large consumer & industrial customers, and more in the US and Europe. For more information, please visit the Predict+ website, and for a personalized overview of the platform, schedule a demo here.

 

 

About Tigo Energy

 

 

Founded in 2007, Tigo Energy, Inc. (Nasdaq: TYGO) is a worldwide leader in the development and provider of smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs of residential, commercial, and utility-scale solar systems. Tigo combines its Flex MLPE (Module Level Power Electronics) and solar optimizer technology with intelligent, cloud-based software capabilities for advanced energy monitoring and control. Tigo MLPE products maximize performance, enable real-time energy monitoring, and provide code-required rapid shutdown at the module level. The company also develops and provides products such as inverters and battery storage systems for the residential solar-plus-storage market. For more information, please visit www.tigoenergy.com.

 

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260504039173/en/

 

Business Wire India

The global smartphone market shipped 298.5 million units in 1Q 2026, growing 1% year-on-year (YoY), according to Omdia. The quarter was shaped by two opposing forces. Vendor-led front-loading – as Samsung, Apple, and others accelerated sell-in ahead of expected inflation in memory and component costs – supported momentum and contributed to performance exceeding initial industry expectations. However, macroeconomic headwinds continued to weigh on end-consumer demand. Persistent inflation has compressed household discretionary budgets, creating a widening gap between channel sell-in and underlying sell-out. This imbalance is expected to lead to a more pronounced correction in 2Q 2026 and the second half of 2026.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260429020190/en/

 

 

 

Vendor Highlights

 

Against industry expectations, Samsung retained its position as the world’s leading vendor, shipping 65.4 million units (+8% YoY). The result reflects resilience across both ends of its portfolio: entry-level A-series volume anchored emerging market shipments, while strong demand for the Galaxy S26 series drove premium growth.

 

 

Apple shipped 60.4 million units, up 10% YoY. The iPhone 17 series remained the primary growth driver, with the newly launched iPhone 17e delivering a particularly strong debut in telco-driven markets such as the EU and Japan. The iPhone 17 Pro and Pro Max outperformed their predecessors at launch, with Mainland China recording an especially strong result at +42% YoY.

 

 

Xiaomi shipped 33.8 million units, down 19% YoY, marking the steepest decline among the top five vendors. With more than half of Xiaomi’s shipments concentrated in the sub-$200 segment, the brand remains disproportionately exposed to memory cost inflation, which has compressed margins and weighed on volumes in its core price tier.

 

 

OPPO (including realme and OnePlus) ranked fourth with 30.7 million units, down 6% YoY, followed by vivo in fifth place with 21.3 million units, down 7% YoY. Both vendors recorded single-digit declines consistent with softer Q1 sell-through, following accelerated entry-level channel fill in Q4 2025.

 

 

Outside the top five, HONOR was the fastest-growing vendor in the top 10 with 19.2 million units shipped, up 19% YoY. Growth was driven by strong international momentum, as HONOR more than doubled its shipment volume YoY in the Middle East and Africa. In its domestic Mainland China market, HONOR declined amid intensifying competitive pressures.

 

 

Market Dynamics: Front-Loading, Inflation, and the Road Ahead

 

 

The Q1 2026 outcome reflects a market in the early stages of a supply-side disruption cycle, driven by sustained increases in memory, storage, and processing component costs. Omdia characterizes the current environment as the growth phase of a three-stage cycle, where continuous price increases incentivize vendors and channel partners to pull forward orders to mitigate future cost exposure.

 

 

• Front-loading effects: Vendors accelerated sell-in ahead of further anticipated cost increases, supporting headline shipment growth but creating an inventory overhang. Channel partners also built excess stock to hedge against rising end-prices, amplifying the pull-forward effect.
• Consumer demand divergence: While sell-in was elevated, end-demand remained more measured. Persistent inflation in essential categories compressed discretionary spending, extending replacement cycles and increasing consumer selectivity, particularly in mid-to-premium segments.
• Pricing pressure on entry segments: Vendors have begun passing through cost increases, particularly in entry-level models where margin buffers are limited. This has had a more pronounced impact in emerging markets, where price sensitivity is higher, further constraining demand and exacerbating the divergence between sell-in and underlying consumption.

 

“The Q1 2026 performance reflects a market where supply-side dynamics have temporarily distorted underlying demand signals. Front-loading activity across both vendors and the channel lifted shipments in the near term, but this has created an inventory overhang that will weigh on subsequent quarters as demand normalizes,” said Omdia Research Manager Le Xuan Chiew.

 

Market Outlook

 

 

The market is expected to transition from a period of front-loaded expansion into a more prolonged phase of adjustment, as elevated channel inventory is absorbed against a weakening demand backdrop. While near-term inventory normalization is anticipated from 2Q 2026, the recovery trajectory is likely to be uneven and more subdued than previously expected.

 

 

Inflationary pressures are expected to have a more pronounced and lagged impact on consumer demand in the second half of the year, as the cumulative effect on real incomes and discretionary spending becomes fully visible. This is likely to further extend replacement cycles and weigh on demand, particularly in mid-to-premium segments.

 

 

In this environment, vendor priorities will shift toward tightening sell-in discipline, managing inventory risk, and protecting margins, with volume growth remaining constrained. As a result, market performance in H2 2026 is expected to face downside risk, with sell-in increasingly aligned to cautious demand expectations rather than channel expansion.

 

 

“The smartphone market has entered a period that will be defined by significant disruption and structural change. Supply-side pressures, particularly across DRAM and storage, have intensified over the past nine months and will remain a critical factor shaping market dynamics over at least the next two years,” said Runar Bjørhovde, Principal Analyst at Omdia.

 

 

Global smartphone shipments and annual growth
Vendor	1Q26		1Q25		Annual Growth
	Shipment (Million)	Market Share	Shipment (Million)	Market Share
Samsung	65.4	22%	60.5	20%	+8%
Apple	60.4	20%	55.0	19%	+10%
Xiaomi	33.8	11%	41.8	14%	-19%
OPPO	30.7	10%	32.8	11%	-6%
vivo	21.3	7%	22.9	8%	-7%
Others	86.8	29%	83.9	28%	+3%
Total	298.5	100%	296.9	100%	+1%
Notes: OPPO includes OnePlus and realme. Xiaomi includes sub-brands Redmi and POCO. Percentages may not add up to 100% due to rounding.
Source: Omdia				© 2026 Omdia

 

About Omdia

 

Omdia, part of TechTarget, Inc. d/b/a Informa TechTarget (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets grounded in real conversations with industry leaders and hundreds of thousands of data points, make our market intelligence our clients’ strategic advantage. From R&D to ROI, we identify the greatest opportunities and move the industry forward.

 

 

 

 

 

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Business Wire India

Esentia Energy Development, S.A.B. de C.V. (“ESENTIA” or the “Company”), today announced the pricing of U.S.$1,000,000,000.00 aggregate principal amount of its 6.125% Senior Notes due 2033 (the “2033 Notes”) and U.S$1,000,000,000.00 aggregate principal amount of its 6.500% Senior Notes due 2038 (the “2038 Notes” and, together with the 2033 Notes, the “Notes”) to be issued by the Company in a private offering to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. The 2033 Notes will be issued at a price of 99.517%, and the 2038 Notes will be issued at a price of 98.444%. The 2033 Notes mature on July 30, 2033, and the 2038 Notes mature on July 30, 2038, and will be fully and unconditionally guaranteed by certain of the Company’s subsidiaries. The settlement of the Notes is expected to take place on May 14, 2026, subject to customary closing conditions.

 

The proceeds from the Notes offering will be used by the Company to (i) fund a tender offer conducted by Esentia Gas Enterprises, S. de R.L. de C.V., a subsidiary of the Company, to purchase for cash any and all of its outstanding 6.375% Senior Secured Notes due 2038, (ii) prepay all of the 5.465% Senior Secured Notes due 2041 issued by Esentia Pipeline El Encino, S. de R.L. de C.V., a subsidiary of the Company, (iii) prepay all other outstanding indebtedness for borrowed money from third parties and (iv) the remainder, if any, for general corporate purposes.

 

 

This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor will there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction. The Notes and related guarantees have not been registered under the Securities Act, or any applicable state securities laws, and were offered only to qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. Unless so registered, the Notes and related guarantees may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and any applicable state securities laws.

 

 

Cautionary Statement on Forward-Looking Statements

 

 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are proceeded by words such as “believes,” “expects,” “may,” “anticipates,” “plans,” “intends,” “assumes,” “will” or similar expressions. The forward-looking statements contained herein include statements about the Company’s Notes offering and its intended use of proceeds therefrom. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, ESENTIA’s business and operations involve numerous risks and uncertainties, many of which are beyond the control of ESENTIA, which could result in ESENTIA’s expectations not being realized or otherwise materially affect the financial condition, results of operations and cash flows of ESENTIA.

 

 

The forward-looking statements are made only as of the date hereof, and ESENTIA does not undertake any obligation to (and expressly disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events. In light of the risks and uncertainties described above, and the potential for variation of actual results from the assumptions on which certain of such forward-looking statements are based, investors should keep in mind that the results, events or developments disclosed in any forward-looking statement made in this document may not occur, and that actual results may vary materially from those described herein, including those described as anticipated, expected, targeted, projected or otherwise.

 

 

 

 

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Business Wire India

Andersen Consulting announces a Collaboration Agreement with Afiniti, a global business transformation consultancy headquartered in the United Kingdom that helps organizations deliver and sustain complex change programs.

 

Founded in 2003, Afiniti is a global business change consultancy based in the UK and U.S., supporting clients through complex transformation across people, process, systems, and data, and bringing change to life through creative consulting services. The firm primarily serves highly regulated, safety-driven, and asset-intensive organizations with large, geographically dispersed workforces across sectors including energy, utilities, life sciences, transport, and construction. Afiniti works with well-known brands to deliver end-to-end expertise across organizational, digital and AI, cultural, and operating model transformation, particularly in complex scenarios such as mergers and acquisitions, large-scale technology adoption, and underperforming change programs that have yet to realize their intended value.

 

 

“Our engagements focus on helping organizations translate strategic ambition into lasting behavioral and operational change,” said Corrina Jorgensen, senior partner at Afiniti. “Successful transformation depends on inspiring people to adapt and adopt new ways of thinking and working, not solely on technology and process enhancements. Collaborating with Andersen Consulting allows us to broaden the reach of our people-focused approach while supporting clients managing increasingly complex transformation programs. Together, we can help organizations create meaningful change that is adopted, sustained, and embedded into the way they operate.”

 

 

“Organizations today face increasing pressure to adapt quickly while ensuring change is adopted across the business,” said Mark L. Vorsatz, global chairman and CEO of Andersen. “Afiniti’s experience guiding large-scale transformation initiatives adds an important dimension to our consulting platform and strengthens our ability to support clients navigating complex change.”

 

 

Andersen Consulting is a global consulting practice providing a comprehensive suite of services spanning corporate strategy, business, technology, and AI transformation, as well as human capital solutions. Andersen Consulting integrates with the multidimensional service model of Andersen Global, delivering world-class consulting, tax, legal, valuation, global mobility, and advisory expertise on a global platform with more than 50,000 professionals worldwide and a presence in over 1,000 locations through its member firms and collaborating firms. Andersen Consulting Holdings LP is a limited partnership and provides consulting solutions through its member firms and collaborating firms around the world.

 

 

 

 

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Business Wire India

InMobi, a global technology company powering the future of agentic commerce and advertising, today announced the acquisition of MobileAction, an AI-powered platform that helps app developers and marketers maximize visibility and reach new iOS app users. The financial terms of the transaction were not disclosed.

 

Founded in 2013 and headquartered in San Francisco, MobileAction is a pioneer in AI-driven app analytics and a trusted growth partner for app developers and marketers worldwide. The company is best known for its expertise in Apple Ads and App Store Optimization, helping marketers improve discoverability and performance.

 

 

The acquisition strengthens InMobi Advertising’s ability to help brands reach new app users across the iOS ecosystem, both through organic growth, and AI-powered optimization. It also extends InMobi’s full-stack advantage — pairing their agentic commerce consumer offering, Glance, with a global advertising platform now further enhanced by MobileAction’s specialized expertise.

 

 

MobileAction is widely used by leading global brands and app publishers, including Google,Meta, Doordash, Square, Zalando, Playtika, and Priceline. With access to data spanning over 90 million creatives, 6 million keywords, 5 million apps, 100,000 publishers, and 500,000 advertisers, MobileAction empowers marketers to make faster, smarter decisions in an increasingly competitive economy.

 

 

“As the advertising ecosystem shifts toward AI-led intelligence and platform-native expertise, marketers need partners who can deliver both scale and precision,” said Rohit Dosi, Vice President & General Manager, InMobi. “MobileAction’s AI-powered platform and leadership in helping marketers drive growth for their apps makes this a highly strategic addition to InMobi Advertising. Together, we’re better positioned to help marketers and brands drive sustainable, intelligent growth in an agentic world.”

 

 

“Joining InMobi marks an exciting next chapter for MobileAction,” said Aykut Karaalioglu, Founder & CEO, MobileAction. “I look forward to partnering with Rohit, and I am confident our shared vision for the future of agentic AI-driven advertising — spanning innovation, data-driven decision-making, and customer impact — will allow us to accelerate our roadmap and deliver even greater value to marketers worldwide.”

 

 

Following the close of the transaction, MobileAction will continue to operate as a dedicated platform, with its team across the United States, Europe and Turkey joining the InMobi Group. InMobi plans to invest further in MobileAction’s product innovation and global go-to-market efforts, with a strong focus on the US, APAC, MENA and other global markets.

 

 

About InMobiGroup

 

 

InMobi Group is a global technology conglomerate shaping the future of agentic commerce and advertising. Through its ecosystem of businesses — including InMobi Advertising and flagship consumer platform Glance — InMobi leverages data, machine learning, and generative AI to help brands reach audiences more precisely and consumers discover products more intuitively. Glance, which is pioneering new models of agentic commerce, is owned and operated by Glance InMobi Pte. Ltd., a non-consolidated subsidiary of InMobi Pte. Ltd.

 

 

About MobileAction

 

 

MobileAction is a leading App Store Optimization and app analytics platform that helps app developers and marketers improve visibility, performance, and growth across the App Store and Google Play Store. Founded in 2013, the company is headquartered in San Francisco with a global customer base spanning leading brands and publishers.

 

 

 

 

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