Analysts predict that Nintendo and Sony may struggle in the upcoming holiday season due to lackluster offerings: the aging Switch and the expensive $700 PS5 Pro. The video game industry is concerned about a potential decline in sales during the crucial quarter as there are few new mass-market options available to consumers. This situation raises concerns about the industry’s ability to meet consumer demand and maintain profitability during the holiday season.
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AMD sees massive 24% revenue surge in Q4 but 28% lower profit dipped shares
AMD reported strong Q4 results, with revenue up 24% to $7.66 billion, driven by a thriving data center business fueled by AI workloads. Despite this growth, the stock dropped nearly 5% in after-hours trading. The company's data center segment revenue surged 69% to $3.9 billion, while client CPU revenue increased by 58%, although gaming revenue declined by 58% due to aging console chip sales. Full Article
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