Square Enix recently announced plans to revise its approach to game development. As a result of this, a few creative endeavours have been abandoned, with Square Enix announcing plans to absorb the losses, which will add up to around 22.1 billion Japanese Yen. Square Enix's recent investor note confirms that …
Read More »Razer revenue soared by 48% during 2020, generating $1.2 billion in revenue
Over the course of 2020, we saw a huge rise in activity across the gaming market. As one of the most popular companies in gaming, Razer benefitted from this, leading to $1.2 billion in total revenues for the full year – a 48 percent rise over 2019. This week, Razer …
Read More »Nvidia RTX starts to see growth but revenue is still down compared to last year
Back in Q3 2018, Nvidia reported lower than expected results due to a weakened crypto-mining market and excess Pascal inventory taking longer to sell. Then for Q4 2018, Nvidia had to cut its earnings estimates due to weaker than forecasted sales in the gaming and datacentre markets. Now, we have …
Read More »Activision Blizzard is letting go of around 800 employees
Over the weekend, it was reported that Activision Blizzard was planning to lay-off hundreds of staff members. The company held its quarterly financial earnings meeting last night, confirming that revenues are up, but despite that, the company will be shaving off eight percent of its staff. Around 800 employees will …
Read More »Google’s parent company, Alphabet, is now worth more than Apple
For a while, it look liked Apple might be the first company to ever break through the trillion dollar threshold, but now perhaps it will be Google's parent company, Alphabet. The recently launched initiative to separate Google's profitable businesses from its more experimental ones has paid off, with the latest …
Read More »Sony’s PlayStation division made £3 billion in Q3
Sony hasn't been in the best financial position recently but the company’s PlayStation division is continuing to help keep the company afloat, generating £3 billion in revenue during the third quarter (holiday season) last year. That made for a pretty big sales boost, generating an extra 16.8 per cent year …
Read More »Crytek wants to fix its damaged reputation
Crytek hasn't been in good shape recently, it lost a fair amount of staff members and had to sell off the Homefront IP in addition to its UK studio development staff to Publisher, Deep Silver. However, the company is now looking to move forward and fix its damaged reputation according …
Read More »CSO John Byrne claims AMD is leading in exclusive KitGuru interview
“Technology leadership is all about understanding where the market will go next”, claims AMD Chief Sales Officer, John Byrne. “It's about predicting the future”. KitGuru was fortunate enough to catch up with AMD's CSO – the driving force behind AMD's recent sales resurgence. This interview gave us a unique and …
Read More »nVidia prepares to announce positive numbers
While the world of stocks and shares is supposed to be 100% water tight when it comes to the leaking of early info, for some reason every time a company is about to announce good or bad numbers – there is a corresponding increase or decrease in share values leading …
Read More »AMD loses over 1,000 jobs during evolution
During last night's Q3 financial call, AMD executives delivered the news that KitGuru has expected for almost a year – a significant reduction in workforce going forward. It simply doesn't need the same workforce going forward as it did in the past. KitGuru pulls out the abacus to calculate the …
Read More »nVidia third quarter results 2011, bean counters almost done
KitGuru's portfolio of investments is as broad as it is eclectic. We monitor the markets and look for bargains. That involves analysing patterns. For example, while roller coasting from quarter to quarter over the past 2 years, AMD has managed to create somewhat steady upward pressure on its stock price. …
Read More »AMD prepares to brief Wall Street as KitGuru makes its financial predictions
Around 5pm this Thursday, on the East Coast of America, AMD executives will pack like sardines into a conference call and thousands of interested parties from across the globe will ‘dial in' to hear the Q2 Earnings Call. But what will they be listening to? KitGuru makes some predictions. First …
Read More »