Intel back to profitability after successive quarters of losses
Partly thanks to the PC market showing signs of recovery
Financials articles
Publicly listed companies will soon have to disclose cybersecurity incidents within four days
In context: The US Securities and Exchange Commission was created after the Wall Street crash of 1929, with the primary purpose of enforcing the rule of law to avoid market manipulation. In an increasingly digital world, however, the biggest threat to markets and shareholders are cybersecurity incidents.
TSMC reports first profit decline in four years amid global economic challenges, delays Arizona plant
Falling phone, PC, and vehicle demand impacted TSMC's bottom line
What's next for AMD?
We think there is a real opportunity for AMD in data center AI
LCD monitor shipments were still down in Q1 2023, but market recovery is inbound
AOC/Philips alone posted solid quarterly and annual growth
Lenovo profits are down a staggering 75% in the 'new normal' PC market
Inventory issues and workforce restructuring expenses greatly impacted the PC business
The AI chip boom is propelling Nvidia to new heights, gamers be damned
The company came close to a $1 trillion valuation this week
Sony forecasts it will nearly double revenue from PC game ports to $450 million in 2023
Almost all financial metrics on the PlayStation front were lollipops and rainbows
Take-Two exec says PS5 And Xbox Series hardware redesigns are "probably" coming soon
Our guess is refreshed hardware is still at least another year away because of the rocky last couple of years
Take-Two report suggests GTA 6 could arrive as early as next year
The publisher expects to make over $8 billion in its next financial year
You're going the wrong way: Disney+ sheds 4M subscribers in second consecutive quarterly loss
Also: Disney+ and Hulu merger, and another price hike
Activision Blizzard is making more money from PC games than console titles
But mobile is still King
Tim Cook says Apple will only make mass layoffs as a "last resort"
Though it is implementing cost-cutting measures
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.
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.
Samsung's profit craters as demand for phones and memory chips remains low
The company just posted its worst quarterly results since 2009
Meta's Reality Labs lost $3.99 billion last quarter, bringing its total losses since 2020 to $30 billion
Do people even care about the metaverse anymore (or to begin with)?
Google parent Alphabet is still making bank, but faces fierce competition in search and generative AIs
The search giant's years of easy growth may be behind it
Microsoft Q3 2023 revenues rise 7%, but Windows and Xbox sales are down yet again
Azure and other cloud services were the saving grace
Spotify's user base swells to 515 million listeners, but financial losses persist
Spotify's best Q1 as a public company
Samsung overtakes Apple in phone shipments as the market dips again
Analysts see "signs of stability" but the first three months of 2023 were anything but
European law enforcement agencies disrupt fraud operation with 33,000 online victims
A fake online investment platform collected millions in illegal profits
Gaming monitor shipments down overall for 2022, expected to recover in 2023
High refresh rates and the Chinese market could improve things
Surge in Cyberpunk 2077 sales give CD Projekt Red its second-best year ever
Thanks to the Edgerunners anime
Silicon Valley Bank collapses in biggest American bank failure since 2008 financial crisis
Update: The US government moves to guarantee all SVB's deposits