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The Switch has outsold the PS4, but Nintendo sees tougher times ahead
The Switch just leaped over both the Game Boy and PlayStation 4 to become the third best-selling console of all time.
Apple’s record service revenue couldn’t make up for falling hardware sales
Apple reports a dip in revenue growth for the first time since 2019.
Alphabet's revenues are still growing, but just barely
It's no secret that the huge tech companies are still making money hand over fist, but there's also a noticeable slowdown going on. Google's parent company Alphabet is not immune — the company just reported its earnings results for Q4 of 2022, and just barely grew revenue year over year.
Sony has now shipped over 32.1 million PS5s following blockbuster holiday sales
Sony's gaming business had a blockbuster holiday quarter as it sold 7.1 million PS5s from October to December compared to 3.9 million in the same quarter last year.
Spotify reaches 205 million Premium subscribers as losses mount
Spotify just released its Q4 earnings and announced that it now has 205 million premium subscribers, up 10 million from last quarter.
Samsung's profits plunged in 2022 due to weak chip and smartphone demand
Samsung has revealed a sharp decline in profit for 2022, mainly due to the weak demand for its chips and smartphones, which are the company's main moneymakers.
Tesla's volatile Q4 couldn't dampen its record setting year
Between its ongoing supply chain constraints, bruta layoffs and a plummeting stock price, the past year has been a glass case of emotion for Tesla and its embattled CEO, Elon Musk.
Nintendo lowers Switch sales forecasts but still expects a healthy year
Nintendo has announced a solid quarter of earnings, but has lowered its forecast for total Switch sales.
Sony has sold over 25 million PS5s
Sony sold 3.3 million PlayStation 5s this quarter, matching exactly what it did last year and bringing total units sold to 25 million.
Apple turns healthy profit despite weak iPad sales
Apple maintained a healthy profit in its summer quarter despite poor iPad sales and so-so iPhone and services.
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
Tesla CEO Elon Musk briefed investors on the state of the company in Q3, 2022 on Wednesday.
Virgin Galactic postpones space tourism flights again
Virgin Galactic has announced that its commercial space tourism service has been delayed yet again, from the end of this year until Q2 2023.
Nintendo’s Switch sales drop as it contends with chip shortage
Nintendo's Switch sales fell significantly last quarter, dropping to 3.43 million units compared to 4.45 million during the same period last year.
Meta will no longer pay US publishers for news content
After Meta's revenue shrank for the first time, the company has reportedly told publishers it will no longer pay for content to run in Facebook's News Tab.
Sony lowers forecast for PS5 gaming sales in 2022
At the end of its fiscal year in May, Sony was fairly bullish on gaming sales, predicting sales of 18 million PlayStation 5s for 2022 after selling 11.5 million in 2021
Apple's Mac and wearables revenue stumbles as tech sector recedes
Apple broke a new revenue record this quarter, but profits are down.
Samsung posts 12 percent increase in profit but warns of weak mobile and PC demand
It believes the slow demand for phones and other consumer devices will persist.
Meta's revenue shrank for the first time in its history
Facebook parent company Meta has just reported its earnings for the second quarter of 2022, and it was another quarter of shrinking profits. Total revenue of $28.8 billion was only down one percent compared to Q2 one year ago, but net income dropped 36 percent to $6.7 billion.
250,000 car deliveries in one quarter can't save Tesla from dwindling revenue
Tesla announced on Wednesday that automotive revenue declined by more than 13 percent following last quarter's record-breaking sales, despite ending the quarter with "the highest vehicle production month" in company history.