Nintendo profit falls 55% as sales of its ageing Switch console plunge
Nintendo sold 2.1 million units of its flagship Switch consoles, down 46% from the 3.91 million units it sold in the year ago period.
Nintendo sold 2.1 million units of its flagship Switch consoles, down 46% from the 3.91 million units it sold in the year ago period.
Not all chip firms are benefitting from the boom in artificial intelligence, earnings show, underscoring the complexities of the semiconductor supply chain.
In addition to strong overall sales and profit, Services revenue in Apple's fiscal third quarter set a new all-time high.
Our investment in the solar-technology firm is about the long-term growth opportunity. Nothing in Thursday's report dims those prospects.
Investors are focused on how much mega-cap tech companies are spending on their AI buildouts. Apple is in a category of its own.
With Amazon Web Services humming and management identifying more ways to lower costs, Amazon's profitability story is still intact.
Amazon CFO Brian Olsavsky told reporters after the company's earnings reports that "we do see different traffic patterns during those events."
Block, formerly known as Square, reported better-than-expected earnings for the quarter even as revenue missed estimates.
While down 3% on Thursday, Eaton stock was still up more than 22% year to date, performing slightly better than the S&P 500.