Palworld Dev Says Massive Profits Are ‘Too Big for a Studio With Our Size to Handle’
The boss of Palworld developer Pocketpair has said the company can’t handle the massive profits the game has generated.
PS5 Sales Cross Another Milestone But PlayStation Profits Are an Issue
Sony Group announced its financial results for Q3 2023 this morning, revealing that PS5 sales have reached nearly 55 million units worldwide. During the last quarter, 8.2 million PS5s were…
Amid Huge Profits, Amazon To Eliminate “Several Hundred” Jobs At Prime Video And MGM
Amazon on Wednesday announced that it will lay off "several hundred" people across its Prime Video and MGM Studios film and TV divisions. The company is eliminating jobs as it…
Samsung cuts memory chip output after warning of massive 96% drop in Q1 2023 profits
The company shared with investors the news of its expected 95.8 percent YoY drop in operating profits for Q1 2023.
Taiwan Semiconductor (TSM) Q3 2022 profits grew 80% year-over-year
Despite the surge in year-over-year profits, TSMC remains cautious about the outlook of chip demand in 2023.