Several months on from acquiring Activision Blizzard, Microsoft kicked off 2024 with the announcement that it would be laying off nearly 2000 employees. Unsurprisingly, this has been followed up by a glowing earnings report from Microsoft executives. With the acquisition of Activision Blizzard, Microsoft's gaming business is now one of …
Read More »Nvidia is profiting greatly from the AI boom, gaming revenue on the rise too
This year, Artificial Intelligence has been all the rage in the tech world. Nvidia has been focusing on AI for years already and its latest quarterly earnings report shows that this was indeed a very good idea, with Nvidia enjoying a huge boom in revenue. In recent months, a number …
Read More »Nvidia sees 51% Year-on-Year drop in gaming revenue
Nvidia's Q2 earnings report showed a substantial drop off in gaming revenue. Now three months later, the Q3 earnings report is in and revenue has declined further. Nvidia's Q3 earnings report covers up to the 30th of October, shortly after the RTX 4090 launched. The company ended the quarter with …
Read More »Intel expected to be the world’s biggest chipmaker once again as Samsung declines
Back in 2018, Samsung managed to break Intel's 25-year long streak as the largest chipmaker in the world. Intel had been holding the title since the early 90s, but a boom in NAND and DRAM demand led to significant growth for Samsung, putting it over the top in 2017 and …
Read More »Intel to cut workforce by 11 percent, 12,000 staff to be let go
Earlier this week, reports began circulating stating that Intel was planning a huge round of job cuts. At the time, we didn't know how many would be affected but following on from the company's quarterly earnings report, the announcement was made that Intel would be cutting down its workforce by …
Read More »Ubisoft financial report shows PC and PS4 are its strongest platforms
Ubisoft had its quarterly earnings report late last week, revealing some interesting statistics. Overall, the company has seen a dip in sales during the first quarter, which is largely down to the lack of big releases. Ubisoft managed to make €96,6 million throughout Q1, which is down from the €360.1 …
Read More »Nintendo announces first annual profit in four years
It looks like Nintendo is finally making money again, after four long years of financial losses. The company has managed to turn things around, this time last year, Nintendo reported a £126 million loss, while this fiscal year, it has managed to generate £226 million profit. Over the last 12 months, …
Read More »Analyst claims weak HTC One M9 sales are down to Snapdragon 810
An analyst has predicted that HTC has only managed to shift 4.5 million units of its latest flagship, the HTC One M9, shrinking the company's first quarter revenue by close to 40 per cent. S0 why is the M9 not selling as well as it should? Well apparently it's because …
Read More »Tim Cook is still optimistic about iPad despite sales decline
Apple just has its quarterly earnings call and once again, Tim Cook has had to defend the iPad amid declining sales of the tablet. According to the Apple CEO, while iPad sales numbers are on the decline, “underlying data” suggests that there is still potential for future growth when it …
Read More »Samsung predicting a 30% drop in profit
Samsung is gearing up to reveal its first quarter 2015 earnings soon so the company has released an earnings guide for investors, which tells a similar story to the last few, Samsung is expecting to see a sizable dip in profit due to dwindling sales of its devices. Samsung currently …
Read More »Netflix has significantly expanded its subscriber base
Netflix has managed to add more new subscribers than it had anticipated during the fourth quarter, thanks to a constantly growing international user base. As you can expect, this has made investors pretty happy and shares rose swiftly following the announcement earlier this week. The company saw 4.33 million subscribers …
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