Explore

Reuters Reuters
Sony hikes profit forecast on gaming strength

Sony hikes profit forecast on gaming strength

By Sam Nussey TOKYO, July 31 (Reuters) - Sony on Friday hiked its full-year operating profit forecast by 8% to 1.72 trillion yen ($10.72 billion), citing the strength of its gaming business.
Reuters Reuters
Sony posts 40% rise in Q1 profit, beating estimates

Sony posts 40% rise in Q1 profit, beating estimates

TOKYO, July 31 (Reuters) - Sony reported on Friday a 40% rise in first-quarter operating profit, beating analyst estimates, boosted by the performance of its gaming and image sensors businesses. Profit in the April-June quarter was 476.5 billion yen ($2.97 billion).
Reuters Reuters
Sony poised for 'GTA VI' boost as memory prices bite

Sony poised for 'GTA VI' boost as memory prices bite

By Sam Nussey TOKYO, July 29 (Reuters) - Sony is set to be a major beneficiary of the launch of "Grand Theft Auto VI" but the highly anticipated game is landing as the PlayStation maker grapples with rising prices of memory chips.
AP News AP News
Japan's Sony sees profit grow on demand for games, but quake damage still unclear

Japan's Sony sees profit grow on demand for games, but quake damage still unclear

Sony reported a 32% profit growth in the fiscal first quarter, even as the Japanese entertainment company warned of a negative impact from the earthquake that hit southwestern Kumamoto earlier this week
Reuters Reuters
SK Hynix's record profit misses forecasts, shares slump 10% despite robust AI chip demand

SK Hynix's record profit misses forecasts, shares slump 10% despite robust AI chip demand

By Heekyong Yang and Hyunjoo Jin SEOUL, July 29 (Reuters) - South Korean chipmaker SK Hynix reported bumper quarterly results on Wednesday but fell short of lofty investor expectations, heightening market concerns about slower AI spending by big tech firms.
Reuters Reuters
Apple revenue forecast lags Wall Street targets as iPhone maker struggles with supply chain

Apple revenue forecast lags Wall Street targets as iPhone maker struggles with supply chain

By Stephen Nellis SAN FRANCISCO, July 30 (Reuters) - Apple forecast sales for the current quarter ending in September would grow more slowly than Wall Street targeted as the iPhone maker struggled to get the parts it needed to deliver products, and shares fell 6% in after-hours trade.
Reuters Reuters
Roblox's algorithm, safety changes dent bookings forecast; shares slump

Roblox's algorithm, safety changes dent bookings forecast; shares slump

July 30 (Reuters) - Roblox forecast a steeper-than-expected drop in third-quarter bookings on Thursday as a shift towards lower-spending games and new safety measures weigh on in-app purchases, sending its shares down 14% in after-hours trading.
Reuters Reuters
Apple disappoints with forecast dogged by supply chain struggles

Apple disappoints with forecast dogged by supply chain struggles

By Stephen Nellis and Juby Babu SAN FRANCISCO, July 30 (Reuters) - Apple forecast sales for the current quarter ending in September would grow more slowly than Wall Street targeted as the iPhone maker struggled to get the parts it needed to deliver products, and shares fell 5.5% in after-hours trade
Reuters Reuters
SK Hynix's record profit misses forecasts, shares slump 13% despite robust AI chip demand

SK Hynix's record profit misses forecasts, shares slump 13% despite robust AI chip demand

By Heekyong Yang and Hyunjoo Jin SEOUL, July 29 (Reuters) - South Korean chipmaker SK Hynix reported bumper quarterly results on Wednesday but fell short of lofty investor expectations, heightening market concerns about slower AI spending by big tech firms.
Reuters Reuters
SK Hynix posts record profit, flags sustained AI memory demand despite earnings miss

SK Hynix posts record profit, flags sustained AI memory demand despite earnings miss

By Heekyong Yang, Hyunjoo Jin and Joyce Lee SEOUL, July 29 (Reuters) - South Korean chipmaker SK Hynix reported bumper quarterly results on Wednesday but fell short of lofty investor expectations fuelled by the AI boom, with the company racing to secure long-term supply deals to cushion the memory
Reuters Reuters
Asian chip stocks slide as China competition fears rattle AI trade

Asian chip stocks slide as China competition fears rattle AI trade

By Heekyong Yang SEOUL, July 28 (Reuters) - Asian semiconductor stocks tumbled on Tuesday, with South Korea leading the regional selloff, as investors questioned lofty valuations amid concerns over AI infrastructure financing and intensifying competition from China.
Reuters Reuters
SK Hynix posts sixfold rise in Q2 profit on AI chip demand, misses forecasts

SK Hynix posts sixfold rise in Q2 profit on AI chip demand, misses forecasts

SEOUL, July 29 (Reuters) - South Korean chipmaker SK Hynix reported a more than sixfold increase in quarterly operating profit to a record high on Wednesday, driven by robust demand for advanced memory chips as big technology firms ramped up spending on AI data centres.