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Sony cuts forecast for PlayStation 5 sales

Sony cuts PlayStation 5 sales forecast to 21 million units

Sony cut its sales forecast for its flagship PlayStation 5 console on Wednesday, after warning of weaker transactions in its key gaming division. The Japanese gaming giant said it now expects to sell 21 million units of the PS5 in the fiscal year ending March, down from a previous forecast of 25 million units. The...

AMD needs to deliver on A.I. in the next few quarters, says Wedbush's Matt Bryson

AMD earnings report Q2 2023

Lisa Su displays an ADM Instinct M1300 chip as she delivers a keynote address at CES 2023 at The Venetian Las Vegas on January 04, 2023 in Las Vegas, Nevada. David Becker | Getty Images AMD reported a revenue decline of 18% in its fiscal second-quarter earnings report on Tuesday, but still topped estimates for...