Financials articles

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Intel posts biggest quarterly loss in company history as processor sales plunge

Bottom line: Unlike other tech giants like Microsoft and Google, Intel's bottom line is hurting this year. The company saw a $2.8 billion loss in Q1 – the worst in its history and a major hit at a time when it is scrambling to pivot towards an open foundry model and protect its future. CEO Pat Gelsinger assumed a lot of risks with the new strategy and believes it will pay off in spades, but we'll have to wait and see.
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Sony tops 38.4 million in PS5 sales with a record-breaking fiscal year

In a nutshell: Sony once again sits atop the console wars throne. Not only has it more than doubled Xbox Series shipments, but its overall financials are also in good health. Despite a dip in software sales, hardware and overall revenues are up significantly. The company was tight-lipped about its newly launched PS VR2, but outside analysts say it's on track to being the fastest-selling VR headset on any platform.