Sony said sales of its flagship PlayStation 5 console totalled 20.8 million in the fiscal year 2023 slightly lower than an already revised-down 21 million unit target. Nikos Pekiaridis | Nurphoto | Getty Images Sony on Tuesday reported a 7% drop in annual profits in the fiscal year 2023, dragged down by a decline in…
The Foxconn factory campus in Longhua town, Shenzhen, China. South China Morning Post | South China Morning Post | Getty Images Apple supplier Foxconn reported a 72% rise in first-quarter profit, boosted by strong demand for AI servers and coming off a low base from the period a year earlier, but the growth was lower…
An Emirates Airlines plane Karim Sahib | AFP | Getty Images DUBAI, United Arab Emirates — Dubai-based carrier Emirates airline on Monday reported record annual profit of 17.2 billion dirhams ($4.7 billion) for the 2023-2024 financial year, up 63% from the year prior. The flag carrying airline of the UAE’s glitzy commercial capital has enjoyed…
SoftBank’s Vision Fund, the brainchild of the company’s founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics. Kentaro Takahash | Bloomberg | Getty Images SoftBank posted a 7.24 billion Japanese yen ($4.6 billion) gain on its…
The earnings season is wrapping up, but there are still some key names set to report, which could provide insight into the health of the consumer. Just seven S & P 500 names are slated to post their quarterly figures, including Home Depot and Walmart. Overall, 92% of the S & P 500 has already…
BEIJING, CHINA – DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images) Vcg | Visual China Group | Getty Images Semiconductor Manufacturing International Corporation on Friday warned of intense competition in the chip…
CNBC’s Jim Cramer likes Costco stock despite its high valuation and suggests it has more room to run. “I feel very comfortable” about Costco, Cramer said Thursday on ” Squawk on the Street ,” after the wholesale retailer reported a solid April sales report. “I know the multiple is very high, but they offer such…
The logo of semiconductor design firm Arm on a chip. Jakub Porzycki | Nurphoto | Getty Images Shares of British chip designer Arm fell 8.8% in premarket trading on Thursday, as lackluster revenue guidance clouded a positive sales quarter driven by demand for artificial intelligence applications. Arm reported fourth-quarter revenue of $928 million Wednesday, marking…
Gary Hershorn | Corbis News | Getty Images We always say we love companies that are serial repurchasers of their stocks. That’s because as outstanding share counts go down, investors don’t have to do anything to get baked-in returns and own larger and larger pieces of the companies. Apple‘s latest $110 billion stock buyback authorization…
In this photo illustration, the Airbnb logo is displayed on a computer monitor and cell phone on February 13, 2024 in Los Angeles, California. Mario Tama | Getty Images Airbnb reported first-quarter results on Wednesday that beat analysts’ estimates but offered weaker-than-expected guidance. Shares fell more than 5% in extended trading. Here’s how the company…
