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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
Spotify has 188 million Premium users, but continues to lose money
Spotify saw a leap in user figures, but blew a hole in its finances to do so.
Twitter welcomes more users but finds it harder to make money
User numbers may be up, but the financials aren't looking great.
NVIDIA reportedly slows down hiring as it braces for a drop in gaming sales
A slowing economy continues to affect the tech industry, as NVIDIA has become the first chipmaker to announce that it will pare back on new hires.
Sony has now sold over 19 million PS5s
Sony announced that it sold just 2 million PlayStation 5 units last quarter, bringing its overall total to 19.3 million.
AMD teases new 'Dragon Range' CPUs for high-end gaming laptops
With the release of its (impressive) Q1 2022 financial results, AMD also revealed plans for its upcoming Ryzen 7000 Zen 4 series laptop CPUs.
Twitter admits it accidentally overstated user numbers between 2019 and 2021
The delta was never more than two million users, but that's still a big margin when growth is this slow.
Ads are coming to YouTube Shorts
With YouTube's Shorts gathering significant momentum over the past year, Google is now experimenting with ads on the platform.
HBO and HBO Max gained 3 million subscribers before splitting from AT&T
HBO Max and HBO picked up 3 million subscribers in the same quarter that Netflix lost 200,000 of them for the first time in years.
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.

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