Categories
Technology

Sony plunged $10 billion after its PS5 sales cut. But a bigger issue is its near decade low games margin

Around $10 billion of value was wiped off Sony's stock this week after it cut its sales forecast for its flagship PlayStation 5 console for the fiscal year.
Categories
Technology

Sony posts record quarterly revenue, smashing through expectations, on PlayStation bump

Sony posted record quarterly profit in the all-important December quarter thanks to a boost from its PlayStation gaming business and financial services unit.
Categories
Technology

Nintendo is expected to launch the ‘Switch 2’ console this year. Here’s what to expect

But there are signs that Switch sales are starting to slow — and Nintendo needs something new.
Categories
Technology

Nintendo smashes expectations on ongoing boost from Mario movie, Zelda game

Nintendo reported better-than-expected sales and profit for its fiscal second quarter on Tuesday buoyed by the Super Mario movie and Zelda game.
Categories
Technology

Microsoft-Activision Blizzard takeover gets approval from UK regulators, clearing way for deal to close

Britain's top competition watchdog gave the green light to Microsoft's proposed $69 billion takeover of gaming firm Activision Blizzard Friday.
Categories
Technology

Apple’s iPhone 15 launch focused heavily on AI — even though the tech giant didn’t mention it

For the Apple Watch Series 9 and Apple Watch Ultra 2, Apple unveiled the S9 chip. The iPhone 15 Pro and Pro Max meanwhile are powered by the A17 Pro chip.
Categories
Technology

Huawei spinoff Honor launches foldable phone globally as Chinese firm looks to rival Apple, Samsung

The Honor Magic V2 comes with all the latest features expected of a premium phone from a triple lens camera to sports Qualcomm's latest mobile chipset.
Categories
Technology

Global smartphone market to hit decade low in 2023 but Apple could take top spot, research shows

Counterpoint Research said it expects smartphone shipments in 2023 to decline 6% year-on year to 1.15 billion devices, the worst in a decade.
Categories
Sustainability Tonomia En

China’s JD.com brings back veteran to lead new grocery business as rival Alibaba plans spinoffs

JD's management reshuffle comes amid sweeping changes taking place across Chinese technology giants, including at rival Alibaba.
Categories
Technology

EU approves Microsoft’s $69 billion acquisition of Activision Blizzard, clearing major hurdle

Microsoft offered remedies in cloud gaming to earn the approval of European Union regulators for the $69 billion Activision Blizzard acquisition.