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Dropbox was profitable for the first time since going public
Dropbox brought in $455 million last quarter, an increase of 18 percent compared to the same period last year.
The Switch has now sold more than the N64 and GameCube combined
The company sold 21.03 million Switch consoles during the fiscal year between April 2019 and March 2020.
Apple's growth stalls as it deals with COVID-19's impact
“Despite COVID-19’s unprecedented global impact, we’re proud to report that Apple grew for the quarter,” CEO Tim Cook said in a statement.
Oculus sales are booming despite stock shortages
The Oculus Quest and coronavirus pandemic helped grow Facebook non-ad revenue by 80 percent.
Tesla's 'full self-driving' feature is coming in subscription form
During its Q1 2020 earnings on Wednesday, Tesla revealed that the "Full Self-Driving" system will be available as a monthly subscription later this year.
Tesla delays Semi electric truck to 2021
Tesla has once again pushed back the Semi's release, with deliveries of the electric big rig now set for 2021.
Facebook usage soars during coronavirus pandemic
The coronavirus pandemic has, so far, been very good for Facebook’s metrics. It can’t say the same for its ad business.
Microsoft says COVID-19 had 'minimal' impact on its business
Microsoft's business hasn't taken a hit from COVID-19. In fact, it's seeing more of a demand for cloud tools and remote work solutions.
Google saw huge jumps in search usage and app downloads in March
Pichai also noted some parts of its business that were booming amidst the pandemic. But, the company saw a decline in device activations this quarter due to global consumer demand dropping.
Netflix memberships grew in Q1 as coronavirus lockdowns spread
Netflix projects that 'Tiger King' will have over 64 million viewers in its first four weeks, as lockdown orders caused it to add more subscribers than expected.
Blue Apron considers selling itself as it bleeds customers
Blue Apron has been struggling in recent years, and that's leading the company to consider some extreme options. The online meal kit service has revealed that it's looking at "strategic alternatives" that include a merger, raising funds, offloading assets or selling the company outright. It warned that there was no guarantee anything would happen, but this is the kind of language companies frequently use when they're running out of options.
Apple warns of iPhone 'supply shortages' due to coronavirus outbreak
The consequences of the coronavirus outbreak will be worse than expected for Apple. The tech firm has warned that global iPhone supply will be "temporarily constrained" while it resumes production. Although its factory partners have reopened, those facilities are restoring their output "more slowly than [Apple] had anticipated." If it's hard to find an iPhone 11 in the near future, you'll know why.
NVIDIA cuts its outlook by $100 million due to 2019 coronavirus
NVIDIA has published its earnings report for fiscal year 2020, and in it the chipmaker has revealed how much it thinks the 2019 novel coronavirus disease (COVID-19) would affect its business. The company has reduced its revenue outlook for the first quarter of fiscal year 2021 by $100 million to account for the disease's impact.
Uber expects to be profitable by the end of 2020
Uber's year-end earnings show the company is still losing money, but it expects to turn things around by the end of 2020. In an earnings call today, Uber CFO Nelson Chai said the company plans to be profitable in the final quarter of this year. "We recognized the significant work remaining to get to this milestone, and our teams are focused on executing our plan," Chai said.
Twitter doesn’t want to call its users ‘users’ anymore
Twitter has announced that, at least in its public documents, it's going to stop calling the people who use its platform "users." It's "an effort to demonstrate more empathy for the people who use Twitter," explains the company's most recent financial results covering the fourth quarter of 2019. Instead, it's reframing the talk to be about Monetizable Daily Active Usage, Twitter's shorthand for users people it can sell ads against.
Spotify reports 124 million paying users and 'exponential' podcast growth
"This was the highest net add quarter we've ever experienced," said Spotify in its fourth-quarter earnings report, adding that the service had added 10 million subscribers. The company is riding high after seeing the number of paying customers surge to 124 million and its overall user base grow to 271 million. It says that the source of (some) of this blockbuster success is the same as it has been for the last few quarters: Podcasts.
Sony closes UK PSVR studio before it even released a game
Sony's VR-focused games studio in Manchester, UK, has closed down without ever releasing a game. The business -- which was formed back in 2015 -- had been working on an unannounced VR project but as now been shut "as part of our efforts to improve efficiency and operational effectiveness." GamesIndustry.biz reports that it understands the entire studio has been made redundant.
Disney+ has already netted 28.6 million subscribers
Disney's start on direct-to-customer streaming came out of the gate with the bang, as the company reported it had 26.5 million paid subscribers for Disney+ (PDF) by the end of 2019. ESPN+ grew to 6.6 million subscribers from 1.4 million last year, while Hulu has 30 million customers total, with 3.2 million of them signing up for live TV services. On a call with investors, CEO Bob Iger reported that Disney+ is still growing, and is up to 28.6 million customers worldwide as of Monday. Iger also announced that Disney+ will launch in India via the company's HotStar service and said Hulu could launch internationally in 2021. On the call with investors, Iger specified that season two of The Mandalorian will debut in October, as well as shows the MCU shows it featured in Super Bowl ads. Falcon and the Winter Soldier will launch in August, and Wandavision arrives in December. He also said that the Star Wars show will run beyond two seasons, with a possibility of "infusing it with more characters and taking those characters in their own direction in terms of series." Executives said they don't expect the next "significant" domestic growth to happen until those series launch. According to the CEO, people weren't just watching the viral series, with over 65 percent of viewers watching ten other things on the platform. Interestingly, he also said that the current priority of Star War is TV as opposed to theatrical releases.
Sony's PlayStation business is slowing faster than expected
Back in 2018 Sony made it clear that its games department would be slowing down as it prepared for the next generation PlayStation. Now it's released its quarterly results which go beyond a "slowing down" to illustrate a much more significant drop in revenue for the business.
Amazon has 150 million Prime members now
Amazon's latest earnings release is one for the books, with one major win. It now has 150 million Prime members around the world, which is a huge step up from the 100 million it announced back in 2018. This is despite the increase in Prime membership fee from $99 to $119 a couple of years ago.
