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Peloton is replacing its CEO and cutting around 2,800 jobs
Peloton is trying stem to its financial struggles by replacing its CEO, overhauling the board and laying off around 20 percent of its corporate workforce
The Switch is now Nintendo's best-selling home console ever
While Sony's holiday console sales were down due to parts shortages, Nintendo managed to have a strong quarter with the Switch.
Apple brought in a record-breaking $123.9 billion in revenue, despite supply constraints
Apple just dropped its earnings report for the first quarter of 2022, and it's broken revenue records all across the board.
Nintendo lowers its Switch sales forecast due to global chip shortage
Nintendo has cut its Switch sales forecast due to ongoing semiconductor shortages, the company announced in its earnings report.
Amazon will spend billions of dollars to offset holiday shipping slowdown
Amazon warns that global supply chain issues, labor shortages and increased shipping costs could incur “several billion dollars of additional costs” in the next quarter.
Sony has sold 13.4 million PS5s
Sony's PlayStation 5 sales remain relatively steady and strong, with 3.4 million units sold in fiscal Q2 compared to 3.3 million last quarter.
Nintendo's sales can't keep up with last year's lockdown boom
No games company can compete with COVID-19.
Samsung vows to make foldable smartphones 'mainstream'
In its latest earnings release, Samsung confirmed that it will release new foldable smartphones soon and attempt to make the category "mainstream."
Spotify added more paying customers than free ones last quarter
Spotify saw seven million users start paying for Premium.
Netflix says its gaming push will begin with mobile
As part of its quarterly earnings report, Netflix said its gaming ambitions will begin with mobile.
Amazon made more profit during the pandemic than in the past three years
Amazon made more profit during the pandemic than in the past three years combined.
Spotify now has 158 million Premium subscribers
It's slower growth after an explosive 2020, but one that Spotify was expecting.
Sony has already sold 7.8 million PS5s
Sony can't make enough PlayStation 5 consoles to satisfy demand.
CD Projekt Red made hundreds of millions on 'Cyberpunk 2077' despite the refunds
CD Projekt Red posted record-breaking revenue and sales numbers for the 2020 fiscal year, thanks to Cyberpunk 2077 — and despite the game's problematic release.
Netflix's subscriber numbers fall off from 2020's boom
Netflix has 207 million customers, but only added 4 million in the last quarter.
Ford commits $29 billion to electric and autonomous vehicle development
Ford will invest $29 billion in electric and autonomous vehicles through 2025, more than double the $11.5 billion it promised through 2022 less than a year ago, the automaker announced.
A quarter of Spotify users now listen to podcasts
Spotify's fourth-quarter financial results show a spike in user growth, and much more love for podcasts on the platform.
Sony has already sold more than 4.5 million PS5s
Sony never seemed to have enough PlayStation 5 stock since it launched, but still managed to sell 4.5 million of the consoles in 2020.
The Nintendo Switch just had its best quarter yet
The extra units mean the Switch has now surpassed the Nintendo 3DS and 2DS family, which currently stand at 75.94 million units. If the Switch has a normal spring quarter — selling at least 2.5 million consoles — it will pass the Game Boy Advance, which managed 81.51 million sales. After that, the Switch only has three pieces of Nintendo hardware to overcome: the Wii, Game Boy and DS family.
Samsung boosts profits despite a drop in smartphone sales
Samsung boosted profits by 26.4 percent for its fourth-quarter despite an 11 percent drop in smartphone sales over last year, the company announced.
