Ford commits $29 billion to electric and autonomous vehicle development
Meanwhile, it has slashed vehicle production because of a chip shortage.
Financials
A quarter of Spotify users now listen to podcasts
Spotify's user base has also grown to 345 million.
Sony has already sold more than 4.5 million PS5s
Sony's gaming division had its best quarter in history.
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The Nintendo Switch just had its best quarter yet
The console has now outsold the 3DS and 2DS family.
Samsung boosts profits despite a drop in smartphone sales
The company expects big things from the Galaxy S21, however.
Tim Cook: Active install base of iPhones is now over 1 billion
Apple's overall active hardware base is up to 1.65 billion.
Netflix grows to over 200 million subscribers globally
An earnings report reveals Netflix is big enough that it thinks it won't need external financing for day-to-day business anymore.
Uber's delivery business was a saving grace in a tough quarter
Unsurprisingly, rides are still way down, though they are recovering.
Spotify is adding users faster than it thought it would
It has 320 million active and 144 million paid subscribers, miles beyond rivals.
Samsung's mobile sales are up 51 percent over last year's numbers
Samsung's new quantum dot 4K TVs are due to arrive in 2021.
Netflix predicts it will hit 200 million subscribers this year
'Project Power' netted 75 million viewers on Netflix in its first month.
Samsung's quarterly profit is up 58 percent from last year
Even in a pandemic, Samsung's 2020 results are up.
Nintendo Switch hardware and software sales exploded over spring
'Animal Crossing: New Horizons' is now the second best-selling Switch game.
PS4 game sales almost doubled during the pandemic
And the vast majority of sales were digital.
Qualcomm results suggest the 5G iPhone will be slightly delayed
If it's pushed back to October then that could affect their quarterly results.
Netflix plans to have even more originals in 2021
It counts competitors including HBO Max, Peacock and... TikTok?
Twitter sees record user growth, thanks to COVID-19
But more users hasn't translated to more profit.
Spotify users are flocking to ‘chill’ playlists during COVID-19
And everyone's now listening to health and wellness podcasts.
