Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Raspberry Pi\u2019s pre-tax profits fell more than 50 per cent in 2024 as the semiconductor designer and maker of tiny, low-cost computers battled inventory issues, in its first full-year results since it went public on the London Stock Exchange last June.The company said pandemic-related inventory problems led to a 57 per cent fall in pre-tax profits to $16.3mn. But it said these had been \u201cnormalised\u201d and it now expected a \u201csteady build-up in demand throughout the year, positioning us strongly despite ongoing macroeconomic and geopolitical uncertainties\u201d.The Cambridge-based company reported adjusted earnings before interest, taxes, depreciation and amortisation of $37.2mn for the year to the end of December \u2014 above analysts\u2019 estimates of $36.6mn but 15 per cent less than in 2023.\u00a0Revenues fell 2 per cent to $259.5mn.The company\u2019s shares rose 4 per cent at Wednesday\u2019s open. Analysts at Jefferies upgraded the stock from hold to buy on Wednesday morning.\u00a0Raspberry Pi\u2019s initial public offering last year at a valuation of \u00a3542mn was seen as a rare victory for the London market, which has been struggling to attract listings, particularly from technology companies, which generally prefer to list in the US.Chief executive Eben Upton said the company had released more products in the second half of 2024 than in any prior full year, which \u201chelped to meet market expectations in a year dominated by the widely reported inventory correction\u201d.\u00a0Raspberry Pi sold 1.9mn units of its $120 Pi 5 computer, launched in October 2023. It said it expected \u201cpromising\u201d discussions with original equipment manufacturers to make an increasing contribution to sales from next year.Raspberry Pi began selling its products to the public in 2012. It was set up under the Raspberry Pi Foundation, a UK charity founded in 2008 to promote computing to young people. Its IPO raised \u00a3178.9mn, including \u00a331.4mn for the company. Raspberry Pi said the funds would be used for engineering projects and new product releases. <\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Raspberry Pi\u2019s pre-tax profits fell more than 50 per cent in 2024 as the semiconductor designer and maker of tiny, low-cost computers battled inventory issues, in<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-261003","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/261003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=261003"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/261003\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=261003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=261003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=261003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}