Saber Interactive may escape Embracer’s death hug and become a private company
Saber Interactive has reportedly found an exit strategy from the death grip of its parent company, Embracer Group AB. Bloomberg reported Thursday that “a group of private investors” will buy the studio in a deal worth roughly $500 million. Saber would then become a private company with about 3,500 employees….
Sony predicts it’ll sell fewer PS5s than first thought
Sony has lowered its PlayStation 5 sales forecast for fiscal 2023 significantly and now expects to sell 21 million units, down from a previous forecast of 25 million. That’s despite posting record quarterly revenue and selling 8.2 million PS5s over the holiday season. So far this fiscal year, Sony has…
Toyota announces a three-row electric SUV for US customers
While Toyota helped lead the hybrid charge with its Prius, the company has been less active in EV production. But that might be in the past, as Toyota has announced another $1.3 billion for its Kentucky facility, with a focus on EVs. In particular, the company is building a new…
Nintendo believes it’ll sell more Switch consoles than first thought
At almost seven years old, the Nintendo Switch still has life left in it — so much so that Nintendo has upped its predicted sales figures for its current fiscal year. In its third-quarter earnings release, the company announced that it was increasing Switch’s projected sales from 15 million to…
Meta’s Reality labs had its best quarter, but still lost more than $4 billion
Reality Labs, Meta’s division for AR, VR and the metaverse, just had its best quarter yet despite continuing its multibillion-dollar losing streak. Reality Labs generated more than $1 billion in revenue during the final quarter of 2023 thanks to its Quest headsets and the Ray-Ban Meta smart glasses. While crossing…
Apple sold enough iPhones and services last quarter to reverse a downward revenue trend
After four consecutive quarters of revenue decline, Apple broke the trend and reported its first period of revenue growth today. In its earnings report for the first quarter of the financial year of 2024, the company announced a quarterly revenue of $119.6 billion, which is an increase of 2 percent…
Samsung’s annual profits continued to decline in 2023
Samsung has failed to recover from the sharp decline in profit it experienced in 2022. In its latest earnings report, the Korean company has reported KRW 258.94 trillion ($194 billion) in annual revenue and KRW 6.57 trillion ($4.9 billion) in operating profit for the fiscal year of 2023. Those are…
Microsoft’s gaming revenue was up 49 percent in Q2, mostly thanks to the Activision deal
Microsoft posted another blowout earnings report for Q2 of the 2024 fiscal year, with revenues of $62 billion (up 18 percent from last year) and profits of $21.9 billion (a 33 percent increase). But really, the most interesting thing about this quarter is that we finally get to see how…
Unity is cutting a quarter of its workforce
Gaming software developer Unity plans to lay off 1,800 employees or about a quarter of its global workforce, according to a securities filing first spotted by The Wall Street Journal. The company said it made the move “as it restructures and refocuses on its core business” in an aim to…
Tesla says it delivered a record 1.8 million EVs in 2023
Tesla has unveiled its EV delivery and production figures for 2023, and the company had another banner year — but it has Chinese rival BYD close behind. Elon Musk’s company produced 1.846 million EVs last year and delivered 1.809 million, besting 2022 deliveries by a wide 38 percent. Those figures…