Expectations

Samsung Electronics on Wednesday said first-quarter profit likely rose 44 percent, with analysts attributing the surge to brisk sales of smartphones and TVs, albeit tempered by a likely fall in chip earnings after a storm halted US output.The South Korean technology giant forecast January-March operating profit of SKW 9.3 trillion (roughly Rs. 61,940 crores), matching a weighted average analyst forecast from Refinitiv SmartEstimate.Analysts said Samsung's mobile division likely saw operating profit soar more than SKW 1…

Americans are expecting lower inflation increases over the longer run, amid a sharp drop in the projected rate of home-price increases, the Federal Reserve Bank of New York said in a report Monday. The bank said in its June Survey of Consumer Expectations that three years from now, respondents see inflation at a 3.6% rise, down from a 3.9% increase in May. The bank also said five years from now, the expected rate of inflation is seen at a 2.8% gain, from the prior month’s projected 2.9% rise.…

Source: Gerald Lynch / iMore Apple's new M2-powered MacBook Air doesn't officially arrive until this Friday, but the first benchmarks have already begun to appear online. Those benchmarks show us what we all expected — the new machine is a fast one. While Apple hasn't yet started to sell the new Apple M2 MacBook Air, some people around the world already have them in-hand for various reasons. Some of those people are running Geekbench benchmarks and uploading them to the web. One Twitter user spotted one such run, with the…

Whilst announcing a slow down in support of Red Dead Online, developer Rockstar Games has acknowledged player expectations regarding Grand Theft Auto 6.  The Grand Theft Auto studio gave players an update regarding current and future projects in a blog post from last week (via VGC). Rockstar then addressed the task of developing Grand Theft Auto 6, and what it means going forward. “Over the past few years, we have been steadily moving more development resources towards the next entry in the Grand Theft Auto series —…

A sign is posted in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California.Justin Sullivan | Getty Images News | Getty ImagesLevi Strauss on Thursday reported quarterly revenue and earnings that came in above Wall Street expectations, as the clothing company known for its denim said it benefitted from Americans opting for more relaxed dress codes.The San Francisco company increased its quarterly dividend and stood by its guidance for the year. Its shares were up about 4% at $17.08…

PlayStation 5 MSRP $500.00 “Sony's PlayStation 5 is the next-gen console to buy this generation.” Pros Speedy hardware Excellent game load times Attractive design Several enticing next-gen titles New controller with enhanced haptics Cons Limited…

Memory-chip firm Micron Technology announced a significantly weaker than expected business outlook on Thursday, raising concern that following nearly two years of strong demand, the industry was turning towards a down cycle.Micron forecast adjusted revenue for the current quarter at $7.2 billion (nearly Rs. 56,800 crore), plus or minus $400 million (nearly Rs. 3,200 crore), while Wall Street's outlook was an average of $9.05 billion, according to Refinitiv IBES data.“We believe that demand has weakened considerably and…

Inflexion Games CEO and former BioWare general manager Aaryn Flynn has said studios need to be more clear to players with post-release schedules, especially in a post-pandemic environment. Flynn made the comments in an interview with VGC published yesterday (June 18), with his current studio, Inflexion Games, working on the upcoming Nightingale. “I think players are ultimately pretty fair. They want games to be great, they want them to be polished, and they want experiences to be respectful of their time,” explained…

Credit: Unsplash/CC0 Public Domain Most of the Spanish population is pessimistic about the future climate actions by the government and citizens after the impact of COVID-19. This is the conclusion of a study carried out by researchers at the Institute of Environmental Science and Technology of the Universitat Autònoma of Barcelona (ICTA-UAB), which seeks to determine how the COVID-19 crisis has affected society's attitude…

Samsung Electronics is reportedly looking to reevaluate its expectations in terms of global sales, resulting in the company reducing or putting at least some orders for components in its products on hold. According to industry sources, that’s not just for its televisions and home appliances or other categories either. The company is also reducing orders for components needed in smartphones.Are Samsung sales going to slip or are the new expectations for component orders part of a new normal?Now, the fine details about…