Consumer Electronics
Apple's 10% iPhone Discount Boosted China Shipments to 12% in March
A surge of approximately 12% in iPhone shipments was recorded in China for the month of March, thanks to up to 10% discounts initiated by Apple and its partners. This follows a 37% sales decline earlier in 2024 and heightened competition from Huawei.
EA Admits Spending Cuts Plan After Failing to Reach Annual Bookings Target
Electronic Arts (EA) revealed that their full-year bookings were forecasted to be between $7.3 billion and $7.7 billion, which is below Wall Street estimates of $7.76 billion...
Sam Ash Closes All 42 Stores After 100 Years
Musical instrument retailer Sam Ash announced it would be closing all of its stores by July 2024 after 100 years in the business...
Microsoft Xbox Announces Closure of Four Gaming Studios Over Disappointing Sales
Microsoft's Xbox is closing four gaming subsidiaries, including Arkane Austin, due to disappointing sales, although specific job losses weren't disclosed...