Dip

Japan's Nintendo sold 23 percent fewer Switch consoles in the April-June quarter than a year earlier following chip shortages, it said on Wednesday.The Kyoto-based gaming company said it expected procurement to improve "from late summer towards autumn" and maintained its forecast to sell 21 million units in the year through end-March 2023."Demand remains stable in all regions," Nintendo said in a presentation.Nintendo, the company behind Super Mario sold 3.43 million units of its Switch console in the quarter, down from…

Nintendo continues to struggle to hit its Switch production targets as a result of the global chip shortage, which contributed to a near 23 percent decline in console sales to 3.43 million in the three months ending June 30th, the company reported today. Sales of the standard Nintendo Switch were down 60 percent to 1.32 million units in the quarter, while sales of the Switch Lite were down nearly 50 percent to 0.59 million. The Switch OLED, which only went on sale last October, made up some of the shortfall with 1.52…

The crypto space is rapidly evolving despite the cryptocurrency price plunge. Traditional blockchain networks like the Ethereum blockchain are giving rise to innovative projects like Shiba Inu (SHIB). Since memes and NFTs are now elemental forces that garner a large following, there are decentralized projects centred around them. So we’ll be talking about a meme coin that’s emerging from the NFT community, RoboApe (RBA), alongside the legendary Shiba Inu (SHIB). Without further ado, let’s dive…

Amid supply chain disruptions and extended Covid-19 lockdown in China, Elon Musk-owned electric vehicle company Tesla has reported $16.9 billion in revenue for the second quarter (Q2), down from $18.8 billion in the first quarter (Q1) this year.Tesla reported $2.3 billion in second-quarter profit, below its record quarterly profit of $3.3 billion in the first quarter this year.The company reported its first sequential decline in quarterly profit in more than a year.As of the end of the second quarter, the company said it…

When the value of the crypto in which you have invested your funds starts to rise, it is actually the situation that you are happy about and that you were hoping for. Well, that was your plan, wasn’t it? Invest a part of your money in one of the currently most attractive cryptocurrencies, sit back and just watch your funds multiply. That might be a great plan if the crypto market didn’t have its own fluctuations and changes. However, the crypto market still carries with it some risk, so if you do not…

Decentralized finance (DeFi) has increased global financial participation as well as global online investment and trading. In the cryptocurrency world, DeFicoins are the new big thing due to the numerous passive income opportunities they offer. Decentralized finance assets have the potential to accumulate multiple returns on investment for their investors. Especially now that the crypto space is in a dip, many have turned to DeFi coins to make money. In this piece, we will look at Mehracki Token (MKI), Cardano…

Key Points: Both Bitgert and Ethereum are said to be at their lowest todayBitgert and Ethereum have disruptive developments coming up this yearCrypto analysts believe that buying Bitgert today might be the best decision For crypto enthusiasts looking for the next most profitable crypto coins, Bitgert (BRISE) And Ethereum might be some of the best options to pick today. These two coins have been said to be at their lowest price right now, hence making them an ideal buy today. So for crypto investors looking…

The U.S. economy entered the second quarter on shakier footing than previously thought.Consumer spending, the economy’s main engine, was much softer in the first quarter than previously reported, according to Commerce Department gross domestic product revisions released Wednesday. Spending grew at a revised annual rate of 1.8% in the first quarter, down from a previous estimate of 3.1%. The U.S. economy entered the second quarter on shakier footing than previously thought.Consumer spending, the economy’s main engine,…

The cryptocurrency market has witnessed a heavy market crash recently. So many coins have lost value and so have investors whose money was tied to them. As it stands, crypto enthusiasts are reeling from their loss. It’s obvious they want an avenue to recover all or at least some of what they’ve lost. In this article, we will share with you three coins you should consider investing in today if you wish to get some gains. Parody Coin (PARO) Parody Coin (PARO) is a new cryptocurrency that is just…

Bitcoin ‘wholecoiners’ experience all-new highs creating new hopes for the crypto market According to reports, since the inception of Bitcoin, the usage of the crypto grew by leaps and bounds in developing countries as its citizens sought safe refuge from the economic and financial turmoil. Global adoption of major cryptocurrencies, including Bitcoin, dramatically grew in 2021 as the market reached new heights and established itself as a strong contender against traditional forms of investment assets like gold,…