Apple forecast revenue for the current quarter ending in September well above Wall Street’s estimates on Thursday, sending shares up despite a warning from CEO Tim Cook that US tariffs would add $1.1 billion in costs over the period. As the centerpiece of US President Donald Trump’s trade war, those tariffs cost Apple $800 million … Read more
Xbox Series X is reportedly getting a price hike in India — again. According to games analyst Rishi Alwani, Microsoft’s flagship next-gen console will now be priced at Rs. 55,990, going into effect later this month. That’s an over 5 percent increase, with the Series X previously listed at Rs. 52,990. This is the second … Read more
Using the world’s most commercially successful blockchain ecosystem is about to get much cheaper after the latest software upgrade of the Ethereum network. Referred by developers as Dencun, the update slated for March 13 is expected to dramatically lower expenses for so-called Layer 2 networks — dozens of chains like Arbitrum, Polygon and Coinbase Global’s … Read more
Microsoft said it is cutting 650 jobs in its Xbox unit, the third such layoff this year as the company tries to rein in costs and integrate its $69 billion (roughly Rs. 5,79,115 crore) acquisition of Activision Blizzard, Bloomberg News reported on Thursday. The gaming industry saw mass layoffs, studio shutdowns and project cancellations in … Read more
Sony seems to have finally raised the price of the PS5 in India, weeks after the company hiked prices of its console in the UK, Europe and other markets. The company has only raised the price of the PS5 digital edition, just like it did in the UK and Europe in April. The price of … Read more
Uber is reportedly exploring the use of stablecoins once again. During the Bloomberg Tech conference held this week in San Francisco, Uber CEO Dara Khosrowshahi, discussed the company’s ongoing study on the use of stablecoins. Uber is looking to reduce the costs of processing international money transfers, and it is now studying the use of … Read more
Days after Chinese startup DeepSeek’s breakthrough low-cost AI computing shook the US technology industry, CEOs of Microsoft and Meta defended massive spending saying it was crucial to staying competitive in the new field. DeepSeek’s quick advances with models that it claimed can match or even outperform Western rivals at a fraction of the cost stirred … Read more
Microsoft is raising prices on its Xbox games, consoles and accessories amid broader uncertainty about how the ongoing trade war will impact supply chains and the gaming industry. The company’s Xbox Series S 512GB console will cost $380 (roughly Rs. 32,000), an increase of $80 (roughly Rs. 6.743). The more powerful Series X console will … Read more