• About
  • Privacy & Policy
  • Contact
Today Headline
  • HOME
  • NEWS
    • POLITICS
  • FINANCE
  • Video
  • ENTERPRISE
  • TECHNOLOGY
  • HEALTH
  • ENTERTAINMENT
  • LIFESTYLE
    • TRAVEL
  • AUTOMOTIVE
  • SPORTS
  • HOME
  • NEWS
    • POLITICS
  • FINANCE
  • Video
  • ENTERPRISE
  • TECHNOLOGY
  • HEALTH
  • ENTERTAINMENT
  • LIFESTYLE
    • TRAVEL
  • AUTOMOTIVE
  • SPORTS
No Result
View All Result
TodayHeadline
No Result
View All Result
Home Technology

Nintendo Switch hit | Financial Times

February 1, 2021
in Technology
0
Nintendo Switch hit | Financial Times
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter


Nintendo has been confirmed as the victor in the 2020 console wars, with its Switch console and Animal Crossing game perfectly timed for the pandemic.

Results for its three months to the end of December released on Monday represented its best quarter since 2008, according to Bloomberg. Its shares also outperformed those of rivals Sony and Microsoft last year.

They were late to the game with their next-generation consoles and were unable to meet demand in the holiday season as they suffered supply chain disruption.

Daily newsletter

#techFT brings you news, comment and analysis on the big companies, technologies and issues shaping this fastest moving of sectors from specialists based around the world. Click here to get #techFT in your inbox.

Nintendo posted profits of Y229.7bn ($2.2bn), well ahead of analysts’ expectations, and said it sold 24.1m hardware units in the first nine months of its financial year that ends in March — more than its previous full-year forecast. It now expects 26.5m Switches to be sold in the fiscal year.

Microsoft and Sony should be more competitive this year, but they still need to overcome shortages. Wired reports that “scalping bots” have bought almost every PlayStation 5 whenever they go on sale online. The scalpers, using retail bots to buy them, are then posting them at double the price on eBay.

The other gaming hardware winner of lockdown is Facebook’s Oculus Quest 2 VR headset. In the fourth quarter, it broke the record for sales of a standalone headset, according to SuperData research published today, with 1.1m units sold.

The Internet of (Five) Things

1. Elon has the Clubhouse lead
Silver has replaced GameStop as the investment du jour for retail traders, but there is also the Elon effect out there, with Mr Musk lifting bitcoin last week after adding it to his Twitter bio. Now his appearance on the Clubhouse audio service at the weekend has led to a doubling in the share price of Clubhouse Media Group, which happens to be a completely different company. The same thing happened last month when he recommended the Signal messaging service and unrelated Signal Advance rose by more than 6,000 per cent. Regarding Clubhouse, Lex says audio could be the future of online socialising, with the Discord chat app attracting 300m users as well.

2. Grabbing US attention and Kuaishou’s IPO
Ride-hailing service Grab, south-east Asia’s biggest start-up, has amassed $5bn in cash reserves after increasing the size of its debut term loan facility from $750m to $2bn on strong US investor interest. Meanwhile, Ryan McMorrow has an analysis of ByteDance rival Kuaishou’s business, ahead of an IPO in Hong Kong this week likely to value it at over $60bn.

Column chart of Revenue (Rmb bn) showing Kuaishou diversifies its revenue streams

3. Moritz-backed start-up launches in London
Getir, a Turkish start-up backed by the venture capitalist Michael Moritz, has launched a rapid delivery service for grocery and corner shop items in London, in a challenge to the competitive UK food courier market.

4. Cabling Africa: the great data race
Africa’s internet capacity is exploding — becoming faster, denser and more local, which has profound implications for the continent’s economies, according to our Big Read. Google and Facebook in particular have been going to extreme lengths to bring connectivity to the “last billion” worldwide who have yet to be properly connected to the internet.

Waterfall chart showing that Sub-Saharan Africa will have 475m mobile internet users by 2025

5. Video: SoftBank — piecing the puzzle together
What exactly is SoftBank? The FT explains why the Japanese multinational is like a jigsaw puzzle, with the enigmatic founder and chief executive Masayoshi Son at its core.

Tech week ahead

Tuesday: A triple-A day. Google parent Alphabet is expected to break the $50bn sales barrier, buoyed by a recovery in digital ad spending during the holiday season, a period that is also set to boost Amazon sales as customers flocked to its website during lockdowns. Alibaba also reports.

Wednesday: Qualcomm is expected to post a jump in revenue in its first quarter, powered in part by Apple’s new 5G iPhones. EBay and Spotify also report earnings.

Thursday: Revenues and earnings are forecast to take a dip at UK telco BT, which recently shook up its core technology business as part of an effort to expand digital services as it attempts to improve returns and focus on new growth areas after shares hit an 11-year low last year.

Friday: Chinese chipmaker Minimum wage reports and TikTok competitor Kuaishou Technology makes its stock market debut in Hong Kong.

Tech tools — Osma coffee machine

Osma is a knockout new electronic coffee machine from the stable of industrial designer Joey Roth, according to Jonathan Margolis:

“Osma is a fairly dense (820g) near-cylindrical device about the size of a 70cl whisky bottle. It is powered by a rechargeable battery and is wholly portable. It will brew one 20cl cup at a time of hot- or cold-press coffee in a two-minute process. To put that in context, a conventional cold press takes 16 hours.”

The coffee the $185 Osma makes is exemplary, he says, and you can even drink it straight from the machine.

 
 
   
Tags: FinancialhitNintendoswitchTimes
Previous Post

Black and Hispanic people are getting just HALF their share of COVID vaccines

Next Post

Next GameStop? Price of silver jumps to eight-year high thanks to Reddit

Next Post
Next GameStop? Price of silver jumps to eight-year high thanks to Reddit

Next GameStop? Price of silver jumps to eight-year high thanks to Reddit

  • Trending
  • Comments
  • Latest
Schoolgirl’s ‘unimaginable’ final hours and how her earring put killer on Death Row

Schoolgirl’s ‘unimaginable’ final hours and how her earring put killer on Death Row

February 28, 2021
Notorious gang leader shot dead and 400 inmates escape during prison break

Notorious gang leader shot dead and 400 inmates escape during prison break

February 27, 2021
Diamond-tipped probe used to fix faulty heart rhythms could cut the risk of stroke

Diamond-tipped probe used to fix faulty heart rhythms could cut the risk of stroke

March 2, 2021
PS5 UK restocks TODAY – Live alerts for GAME, Currys, Very, Amazon, Argos stock drops | Gaming | Entertainment

PS5 UK restocks TODAY – Live alerts for GAME, Currys, Very, Amazon, Argos stock drops | Gaming | Entertainment

March 2, 2021

Many Generation Xers in UK face financial hardship in retirement | Retirement planning

March 2, 2021
Majorcan estate where Richard Branson will build ‘the most luxurious hotel in the Mediterranean’ 

Majorcan estate where Richard Branson will build ‘the most luxurious hotel in the Mediterranean’ 

March 3, 2021
John Oates revives music festival to help fight pandemic-related hunger crisis

John Oates revives music festival to help fight pandemic-related hunger crisis

March 3, 2021

Bitcoin and Robinhood will end badly for those who can least afford it | Stock markets

March 3, 2021
‘Now I can try and deal with it’ – NZ star Stott reveals cancer diagnosis – FTBL | The home of football in Australia – The Women’s Game

‘Now I can try and deal with it’ – NZ star Stott reveals cancer diagnosis – FTBL | The home of football in Australia – The Women’s Game

March 3, 2021

Burst Water Main Floods Street in Alexandria, Virginia

March 3, 2021

About Us

Todayheadline the independent news and topics discovery
A home-grown and independent news and topic aggregation . displays breaking news linking to news websites all around the world.

Follow Us

Latest News

Majorcan estate where Richard Branson will build ‘the most luxurious hotel in the Mediterranean’ 

Majorcan estate where Richard Branson will build ‘the most luxurious hotel in the Mediterranean’ 

March 3, 2021
John Oates revives music festival to help fight pandemic-related hunger crisis

John Oates revives music festival to help fight pandemic-related hunger crisis

March 3, 2021
Majorcan estate where Richard Branson will build ‘the most luxurious hotel in the Mediterranean’ 

Majorcan estate where Richard Branson will build ‘the most luxurious hotel in the Mediterranean’ 

March 3, 2021
John Oates revives music festival to help fight pandemic-related hunger crisis

John Oates revives music festival to help fight pandemic-related hunger crisis

March 3, 2021

Bitcoin and Robinhood will end badly for those who can least afford it | Stock markets

March 3, 2021
  • About
  • Privacy & Policy
  • Contact

© 2019 All rights are reserved Todayheadline

No Result
View All Result
  • About Us
  • Contact Us
  • Cookie policy (EU)
  • Home
  • Privacy Policy
  • Video

© 2019 All rights are reserved Todayheadline