Tag: earnings
Sony has already sold more than 4.5 million PS5s
Sony never seemed to have enough PlayStation 5 stock since it launched, but still managed to sell 4.5 million of the consoles in 2020 — matching PS4 sales during that console’s 2013 launch quarter. Combined with sales of 1.4 million PS4 units, Sony’s… Source
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Alibaba Cloud turns profitable after 11 years
Alibaba Cloud, the cloud computing arm of Chinese e-commerce giant Alibaba, became profitable for the first time in the December quarter, the company announced in its earnings report. The firm’s cloud unit achieved positive adjusted EBITA (earnings before interest, taxes, and amortization) during the quarter, after being in business since…
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Google Cloud lost $5.6B in 2020
Google continues to bet heavily on Google Cloud, and, while it is seeing accelerated revenue growth, its losses are also increasing. For the first time today, Google disclosed operating income/loss for its Google Cloud business unit in its quarterly earnings today. Google Cloud lost $5.6 billion in Google’s fiscal year…
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The Nintendo Switch just had its best quarter yet
Nintendo sold 11.57 million Switch consoles last quarter, bringing lifetime sales to 79.87 million. That’s a seven percent increase on the same period last year, and, more impressively, the Switch’s best quarter to date. Not bad for a console that’s… Source
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Huawei may spin off its P and Mate smartphone brands
After selling Honor last year, Huawei may spin off its premium Mate and P smartphone brands next to get around crippling sanctions, according to Reuters. The company has reportedly been talking to a consortium led by investment firms backed by the Sh… Source
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Netflix grows to over 200 million subscribers globally
As the company predicted, Netflix has topped 200 million subscribers, reporting (PDF) 203.66 million paying customers worldwide. Netflix also noted that its original TV shows accounted for nine of the top ten most Google’d series in 2020.Netflix also… Source
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