Earnings
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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.
Samsung posts record-high revenue thanks to its chip and mobile businesses
The third quarter of 2021 was a record breaker for Samsung, which posted a revenue of 73.98 trillion Korean won or US$63.1 billion.
Netflix says 142 million households watched Korean series 'Squid Game'
Squid Game was watched by around 142 million households worldwide.
Tesla sales continue to surge in the face of chip shortages
The shrinking supply of components has slowed car sales for almost everyone except Tesla.
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."
Apple posts another record-breaking quarter thanks to the iPhone
Despite the pandemic, Apple has spent most of the last two years relentlessly upgrading its product lineup, and its moves are definitely paying off. The company just announced financial results for its fiscal year third quarter (for normal humans, the months of April through June), and the company made a shocking amount of money. All of its product segments (the iPhone, Mac, iPad, services, and wearables/accessories) increased in revenue year-over-year, leading to total revenue of $81.4 billion.
Google parent Alphabet made a whopping $61.9 billion last quarter
Google's parent company Alphabet announced today that it made $61.9 billion in Q2 2021 -- a jump of 62 percent from the same period last year.
Tesla breaks its own delivery record by building and shipping 200,000 vehicles in Q2
Tesla announced a number of "new and notable records" during its Q2 earnings call on Monday.
Snapchat just announced its largest user growth in years
Snapchat just had its highest user growth in years, with 293 million daily users. That's more than what Twitter had in second quarter.
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.
Nintendo is selling way more Switches than it predicted
Nintendo beat its own expectations to post solid sales of the switch console, which has now surpassed the Game Boy Advance in lifetime sales.
Twitter quickly gained a lot of new users in 2020 thanks to the pandemic
Twitter just posted earnings for the first quarter of 2021, and it sheds a light on how much the company grew during the ongoing pandemic. On average, Twitter had 199 million daily active users in Q1 2021, up almost 20 percent compared to the 166 million Twitter counted one year ago, when the scope of the COVID-19 pandemic had recently become clear.
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.
Samsung's profits rose in Q1, but the chip shortage looms over Q2
Samsung's consumer electronics profits hit a new record high for Q1, but the company warned investors that sales will slow in Q2 due to component shortages.
iPhone and Mac sales are way up from the start of the pandemic
Apple is still riding high on the tails of a blockbuster quarter, according to a new earnings statement released today. Over the past three months, the company recorded a total of $89.6 billion in revenue — nearly $48 billion of which came courtesy of iPhone sales — and set another quarterly record in the process.
Google owner Alphabet posts big gains after pandemic uncertainty
Google parent Alphabet reported today that it raked in a total of $55.3 billion in revenue over the past three months — that’s up 34 percent compared to this time last year. (In case you were curious, Wall Street types were expecting revenue growth of just around 25 percent.) The company’s net income jumped dramatically as well, from $6.8 billion in Q1 2020 to $17.9 billion in this year’s quarter.
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.