projection

Nintendo Co Ltd shares fell nearly 7%, putting them on track for their biggest one-day drop in a year after the Japanese videogame giant cut its annual sales projection for its Switch console by nearly 10%. The Kyoto-based company cut its sales forecast for the Switch to 19 million units for this business year from 21 million, as microchip shortages constrained production. However, Nintendo President Shuntaro Furukawa told an earnings briefing that chip supply had started to recover in recent months, helping boost Switch…

A simulation of the planet from the DOE Energy Exascale Earth System Model, one of the large-scale models incorporated in the Earth System Grid Federation led by DOE's Oak Ridge, Argonne and Lawrence Livermore national laboratories. Credit: LLNL, U.S. Dept. of Energy The Earth System Grid Federation, a multi-agency initiative that gathers and distributes data for top-tier projections of the Earth's climate, is preparing a…

Ford engineers in Europe are trialling new headlight technology that can project directions, speed limits or weather information onto the road so the driver’s gaze can remain fixed on the way ahead. Ford note that in the UK, 40 per cent of collisions happen in darkness, even though there are far fewer people driving than in the daytime. This risk is increased whenever a driver takes their eyes off the road. A vehicle…

Sony Group Corp trimmed its profit forecast after a weak first quarter for its PlayStation business, which it blamed on waning consumer interest due to a lack of new games and an easing of COVID-19 constraints that dampened stay-at-home gaming. Sony said the business would draw support, however, from its upcoming game slate and as it addresses supply chain snags that have disrupted production of its hit PlayStation 5 console. "Last quarter was just a bump in the road for Sony," said Serkan Toto, founder of the Kantan…

A profit warning by Walmart ignited a sell-off in shares of major US retailers late on Monday, quickly evaporating over $100 billion in stock market value in extended trade. Sounding an alarm that inflation is hurting its shoppers and forcing them to change what they spend on, Walmart cut its forecast for full-year profit, saying it expects its adjusted earnings per share to drop by as much as 13 percent. Inflation is leading customers to spend more on food and less on higher-margin merchandise, Walmart said in a filing.…