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Apple CEO Tim Cook Forecasts Holiday Quarter iPhone Sales That Top Wall Street Estimates
Apple CEO Tim Cook announced holiday quarter forecasts that beat Wall Street expectations, driven by strong demand for iPhone 17 models despite supply constraints and shipping delays to China. Although iPhone sales missed fiscal Q4 targets, Apple compensated with robust performance in other areas, including AI-powered AirPods that translate languag...
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Nintendo Aims to Make 25 Million Switch 2 Units by March 2026 to Set Gaming History
Nintendo is likely to comfortably surpass analysts’ estimates for sales of 17.6 million devices in the fiscal year ending March, let alone its own much lower public forecast, the people said, asking not to be named discussing private plans. Nintendo can be expected to sell roughly 20 million units of the Switch 2 this fiscal year.
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'Spurt In Consumption To Meet Fiscal Deficit Target Of 4.4%': Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has expressed confidence that revenue buoyancy driven by spurt in consumption will take care of the estimated GST shortfall of Rs 48,000 crore following reduction in tax rates on a host of items
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Pakistan Misses 3 Out Of 5 IMF Targets Before 2nd Review Of $7 Billion Loan
Pakistan has missed three out of the five targets set by the International Monetary Fund (IMF) for the second review of the USD 7 billion bailout package, a media report said on Wednesday.
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Akasa Air To See Over 200 Boeing Deliveries Over The Next Years
Akasa Air expects a pick up in plane deliveries from Boeing over the coming years and to reach its target for a fleet of 226 aircraft by 2032, up from 30 currently, chief financial officer Ankur Goel said on Tuesday.
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Microsoft's Sales Chief To Take Two-Month Sabbatical Amid Expected Layoffs
Microsoft Corp.'s top sales executive is planning to take a two-month sabbatical, a move that coincides with an expected wave of terminations targeting his organisation.
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Canada To Pour Extra Billions To Meet NATO's 2% Military Spending Target
Canada's Liberal government will pour extra billions into its armed forces and hit NATO's 2% military spending target this fiscal year, much earlier than scheduled, Prime Minister Mark Carney said on Monday.
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Country On Track To Achieve 4.5% Fiscal Deficit, Says Finance Minister
Union Finance Minister Nirmala Sitharaman has said the government is on track to achieve the target of 4.5 per cent fiscal deficit by 2025-26.
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Sony Readying a 'Pro' Version of PS5 This Year Ahead of GTA 6 Launch in 2025: Report
Sony could reportedly release a Pro version of the PlayStation 5 later this year to help PS5 sales find a second wind in the latter half of the current console generation. The PS5 has sold over 50 million units since its launch in November 2020, but the sales for the console are slowing down. Sony is set to miss its PS5 sales target for fiscal year...
-
Sony Set to Miss PS5 Sales Target for FY 2023, Says Marvel's Spider-Man 2 Sold 10 Million Copies
Japan's Sony slashed the full-year sales forecast for its PlayStation 5 console on Wednesday and said it plans to list its financial business next year as it focuses on entertainment and image sensors. Sony cut its PS5 sales forecast for the year ending March to 21 million units, from 25 million units previously, after weaker-than-expected sales ov...
-
Apple's iPhone Sales Target Billions Below Wall Street Expectations as China Business Suffers
Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts' targets, powered by iPhone growth, sending Apple shares down 3 percent in after-ho...
-
GTA 6 Might Release as Soon as 2024, Rockstar Games Owner Take-Two Hints
Grand Theft Auto 6 could launch as soon as 2024. Rockstar Games’ parent company Take-Two shared its latest yearly earnings report, which details that it’s aiming to achieve $8 billion in net bookings within the fiscal years 2025 and 2026. The fiscal year 2025 will begin in April 2024 and a massive target as such could only be achieved via a maj...
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Rupee At All-Time Low, Finance Ministry Sources Say Not Due To Economy
Despite the decision to extend the free ration scheme for the seventh time, the fiscal deficit will still meet the budget target of 6.4 per cent of the GDP for this year, a Finance Ministry official added.
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Toyota to Produce Fewer Vehicles in October Due to Semiconductor Shortages: All Details
Toyota said on Thursday that it will produce 100,000 fewer vehicles in October, due to the ongoing semiconductor shortage. The company has not adjusted its global production target for its vehicles for the ongoing financial year, sticking to its forecast for a record 9.7 million units. Toyota will now produce 800,000 vehicles in October, and an ave...
-
India's PLI Schemes Reduced Dependency on Mobile Imports by 33 Percent in FY22: Report
India's phased manufacturing programme and the production-linked incentive scheme have helped to cut mobile imports by 33 percent in fiscal 2022, while local production was pushed up by around 26 percent during the year, says Crisil report. India reportedly has negligible share (under 1 percent) in global supplies
-
Apple CEO Tim Cook Forecasts Holiday Quarter iPhone Sales That Top Wall Street Estimates
Apple CEO Tim Cook announced holiday quarter forecasts that beat Wall Street expectations, driven by strong demand for iPhone 17 models despite supply constraints and shipping delays to China. Although iPhone sales missed fiscal Q4 targets, Apple compensated with robust performance in other areas, including AI-powered AirPods that translate languag...
-
Nintendo Aims to Make 25 Million Switch 2 Units by March 2026 to Set Gaming History
Nintendo is likely to comfortably surpass analysts’ estimates for sales of 17.6 million devices in the fiscal year ending March, let alone its own much lower public forecast, the people said, asking not to be named discussing private plans. Nintendo can be expected to sell roughly 20 million units of the Switch 2 this fiscal year.
-
'Spurt In Consumption To Meet Fiscal Deficit Target Of 4.4%': Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has expressed confidence that revenue buoyancy driven by spurt in consumption will take care of the estimated GST shortfall of Rs 48,000 crore following reduction in tax rates on a host of items
-
Pakistan Misses 3 Out Of 5 IMF Targets Before 2nd Review Of $7 Billion Loan
Pakistan has missed three out of the five targets set by the International Monetary Fund (IMF) for the second review of the USD 7 billion bailout package, a media report said on Wednesday.
-
Akasa Air To See Over 200 Boeing Deliveries Over The Next Years
Akasa Air expects a pick up in plane deliveries from Boeing over the coming years and to reach its target for a fleet of 226 aircraft by 2032, up from 30 currently, chief financial officer Ankur Goel said on Tuesday.
-
Microsoft's Sales Chief To Take Two-Month Sabbatical Amid Expected Layoffs
Microsoft Corp.'s top sales executive is planning to take a two-month sabbatical, a move that coincides with an expected wave of terminations targeting his organisation.
-
Canada To Pour Extra Billions To Meet NATO's 2% Military Spending Target
Canada's Liberal government will pour extra billions into its armed forces and hit NATO's 2% military spending target this fiscal year, much earlier than scheduled, Prime Minister Mark Carney said on Monday.
-
Country On Track To Achieve 4.5% Fiscal Deficit, Says Finance Minister
Union Finance Minister Nirmala Sitharaman has said the government is on track to achieve the target of 4.5 per cent fiscal deficit by 2025-26.
-
Sony Readying a 'Pro' Version of PS5 This Year Ahead of GTA 6 Launch in 2025: Report
Sony could reportedly release a Pro version of the PlayStation 5 later this year to help PS5 sales find a second wind in the latter half of the current console generation. The PS5 has sold over 50 million units since its launch in November 2020, but the sales for the console are slowing down. Sony is set to miss its PS5 sales target for fiscal year...
-
Sony Set to Miss PS5 Sales Target for FY 2023, Says Marvel's Spider-Man 2 Sold 10 Million Copies
Japan's Sony slashed the full-year sales forecast for its PlayStation 5 console on Wednesday and said it plans to list its financial business next year as it focuses on entertainment and image sensors. Sony cut its PS5 sales forecast for the year ending March to 21 million units, from 25 million units previously, after weaker-than-expected sales ov...
-
Apple's iPhone Sales Target Billions Below Wall Street Expectations as China Business Suffers
Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts' targets, powered by iPhone growth, sending Apple shares down 3 percent in after-ho...
-
GTA 6 Might Release as Soon as 2024, Rockstar Games Owner Take-Two Hints
Grand Theft Auto 6 could launch as soon as 2024. Rockstar Games’ parent company Take-Two shared its latest yearly earnings report, which details that it’s aiming to achieve $8 billion in net bookings within the fiscal years 2025 and 2026. The fiscal year 2025 will begin in April 2024 and a massive target as such could only be achieved via a maj...
-
Rupee At All-Time Low, Finance Ministry Sources Say Not Due To Economy
Despite the decision to extend the free ration scheme for the seventh time, the fiscal deficit will still meet the budget target of 6.4 per cent of the GDP for this year, a Finance Ministry official added.
-
Toyota to Produce Fewer Vehicles in October Due to Semiconductor Shortages: All Details
Toyota said on Thursday that it will produce 100,000 fewer vehicles in October, due to the ongoing semiconductor shortage. The company has not adjusted its global production target for its vehicles for the ongoing financial year, sticking to its forecast for a record 9.7 million units. Toyota will now produce 800,000 vehicles in October, and an ave...
-
India's PLI Schemes Reduced Dependency on Mobile Imports by 33 Percent in FY22: Report
India's phased manufacturing programme and the production-linked incentive scheme have helped to cut mobile imports by 33 percent in fiscal 2022, while local production was pushed up by around 26 percent during the year, says Crisil report. India reportedly has negligible share (under 1 percent) in global supplies
