Microsoft reports sinking Xbox revenue as its cloud business climbs
Microsoft’s Xbox hardware revenue continues to tumble, with the company revealing a 33 percent decline as part of its earnings report released on Wednesday. …
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Sony’s PS5 sales plummet amid price rises and a memory crisis
… Microsoft recently revealed its Xbox hardware revenues plummeted 33 percent year over year. Along with declining Xbox hardware revenue, Microsoft also reported a 5 percent drop in Xbox content and services. …
Meta lost 20 million users last quarter
… In an earning call on Wednesday, Meta reported that figures for “Family daily active people” — the term Meta has coined for all collective users of Facebook, Instagram, WhatsApp, or Messenger — declined by 20 million this quarter compared to the previous three months. …
Xbox warns of a ‘reset’ as it prepares for layoffs
… Sharma and Booty pointed to difficult challenges the business is facing. “Excluding Activision Blizzard King, over the past five years, we have spent over $20 billion on ongoing investments in our content, platform, and hardware subsidy, but our annual revenue has declined nearly half a billion dur… …
Nintendo is raising Switch 2 prices
… The company is now forecasting it will sell 16.5 million Switch 2 units in FY27 and predicts that an approximately ¥100.0 billion hit to its revenue is still to come. …
Larry Ellison’s betting everything on OpenAI. Will it pay off or pop the bubble?
… It may also limit revenue. An increase in the cost of construction and energy, a decrease in revenue, or both could make it much harder for Oracle to meet its lease and debt obligations, which are fixed. …
The SpaceX IPO is great for Elon Musk and terrible for you
… That may be because it was heavily discounted, and consequently, the revenue per subscriber declined by about 25 percent. …
Microsoft could be the next Big Tech antitrust target
… Cloud growth has also buoyed revenue while hardware including Xbox experienced declines. …
Can Puck reinvent news for the influencer age?
… So yes, our revenue model is two-fold. We have a subscriber revenue model and we have a commercial revenue model, an advertising model. …
Who is the Palantir chore coat for?
… Palantir declined to comment for this story. …