This month, Apple released its first truly anticipated product in years, the Apple Vision Pro. It’s a groundbreaking device, with some of the best hardware specs and the most impressive performance of any commercial headset ever released. It’s also a $3,500 toy, one that an untold number of people seem to regret taking home. If … Read more
Sony aims to sell 18 million PlayStation 5 consoles in its financial year ending in March 2023. Thiago Prudencio | Lightrocket | Getty Images Sony cut its sales forecast for its flagship PlayStation 5 console on Wednesday, after warning of weaker transactions in its key gaming division. The Japanese gaming giant said it now expects … Read more
ZHEJIANG, CHINA – MARCH 16 2023: A view of the logo of ERNIE Bot, an AI chatbot service developed by Chinese search engine Baidu, March 16, 2023. Long Wei | Future Publishing | Getty Images China’s Baidu has partnered with Lenovo to feature its generative artificial intelligence (AI) technology on Lenovo’s smartphones, in the latest … Read more
Rafael Henrique | Lightrocket | Getty Images Disney is investing $1.5 billion for a stake in Epic Games, CEO Bob Iger said Wednesday, in its biggest bet yet on the gaming space. The media giant will work with the Fortnite studio to create new games and an entertainment universe where consumers can “play, watch, shop … Read more
CNBC’s Jim Cramer on Thursday told investors not to be wary of the Big Tech megacap stocks, saying their high valuation is well-earned. “Just because we haven’t seen the likes of them before doesn’t make them bogus,” he said. “They didn’t get their trillion-dollar valuations by fooling the most people. They got there because there … Read more
The rally in big tech extended into late hours after bullish outlooks from two of the megacaps that have powered the stock surge from the bottom: Meta Platforms Inc. and Amazon.com Inc. Their gains outweighed a slide in Apple Inc. A $244 billion exchange-traded fund tracking the Nasdaq 100 (QQQ) climbed, following an advance in … Read more
Key Takeaways Markets have started strong in 2024, and GDP grew 3.3% in the fourth quarter of 2023. Consumers are still fretting over high prices, and many are struggling with debt. Interest rates and the general election, among other factors, will greatly impact the markets this year. Slivers of sunlight have finally pierced through the … Read more
Listen to The Big Take podcast on iHeart, Apple Podcasts, Spotify and the Bloomberg TerminalBloomberg Terminal. Microsoft recently cut 1,900 jobs from its gaming division and among the layoffs were many at the recently acquired video game developer Activision Blizzard. Blizzard Entertainment’s President Mike Ybarra and co-founder Allen Adham are both departing. The tech giant … Read more
Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world’s most prolific smartphone maker, is leaning into artificial intelligence as the key to unlocking greater sales this year. Photographer: SeongJoon Cho/Bloomberg via Getty Images SeongJoon Cho | Bloomberg | Getty Images Baidu … Read more
Yahoo Finance Video Apple’s (AAPL) latest piece of consumer tech, its Vision Pro mixed reality headset, is set to launch in the United States on February 2. At a starting price of $3,499, Bank of America Securities Senior IT Hardware Analyst Wamsi Mohan comments on future price points that may be more encouraging for Apple … Read more