Nintendo expects to sell only 15 million Switch consoles over the next year
It wants to put 'several in every home,' it said.
earnings
Strong iPhone sales aren't enough to offset a big downturn in Mac shipments
iPhone and Services were both big winners, but that wasn't enough to keep revenue from shrinking slightly.
Sony has sold over 38.4 million PS5s following a record-breaking year
It sold 19.1 million units in fiscal 2022, compared to 11.5 million the year before.
Samsung's semiconductor business posted massive losses for Q1 2023
The company's DS division reported $3.4 billion in operating losses.
Samsung warns of lower profits amid falling demand for memory chips
The news is a bad omen for global technology market.
BMW confirms the i5 Sedan will be its first all-electric 5 Series vehicle
It'll also release an iX2 by the end of the year and touring i5 model in 2024.The Switch has outsold the PS4, but Nintendo sees tougher times ahead
It's now only behind the DS and PlayStation 2.
Apple’s record service revenue couldn’t make up for falling hardware sales
Not even a new iPhone could save the company from the economic downturn
Alphabet's revenues are still growing, but just barely
Google recently laid off 12,000 employees because it couldn't keep up its period of "dramatic growth."
Sony has now shipped over 32.1 million PS5s following blockbuster holiday sales
It sold 28 percent of all PS5s ever in just a single quarter.
Spotify reaches 205 million Premium subscribers as losses mount
The company's pandemic hiring spree caused costs to balloon.
Samsung's profits plunged in 2022 due to weak chip and smartphone demand
The global economic downturn had a huge impact on the company's main moneymakers.
Tesla's volatile Q4 couldn't dampen its record setting year
"Tesla is actually one of the world's leading AI companies" - CEO, Elon Musk.
Nintendo lowers Switch sales forecasts but still expects a healthy year
It'll sell two million fewer units for fiscal 2022, it said.Sony has sold over 25 million PS5s
It still expects to sell 18 million units this year.
Apple turns healthy profit despite weak iPad sales
Surges in Mac and Apple Watch sales buoyed the company's bottom line.
Samsung posts a 23 percent profit decline due to weak demand
Its mobile business had a stellar third quarter, however, thanks to its foldables and flagships.
Tesla's chaotic third quarter saw profits climb but revenue falter
The company built 365,923 vehicles between June and September, and delivered 343,830 of them.
Virgin Galactic postpones space tourism flights again
It's now set for Q2 2023 due to 'mothership enhancement' delays.Nintendo’s Switch sales drop as it contends with chip shortage
Game sales also fell, but first-party sales improved.
