What you need to know The University of Maryland’s Condensed Matter Theory Center challenged findings cited by Korean scientists highlighting LK-99 as a compound that could be used as a superconductor. Sentiments shared by the US based institution negatively impacted superconductor-themed stocks. The institution indicated that LK-99 is a “highly resistive poor quality material” and […]
Read MoreWhat you need to know This week Embracer Group presented its quarterly earnings report for Q4, which includes January-March 2023. A critical partnership valued at $2 billion fell through late Tuesday night. Due to the fallout from the forfeited deal, Embracer Group has significantly cut its earnings forecast. In recent years, Swedish company Embracer Group […]
Read MoreWhat you need to know This week Embracer Group presented its quarterly earnings report for Q4, which includes January-March 2023. A critical partnership valued at $2 billion fell through late Tuesday night. Due to the fallout from the forfeited deal, Embracer Group has significantly cut its earnings forecast. In recent years, Swedish company Embracer Group […]
Read MoreSamsung published its financial report for Q1 2023, and as the guidance warned profits plummeted to levels unseen in the past 15 years. Operating profit between January and March went down 18% YoY, while profit shrank from KRW 14.12 trillion to KRW 0.64 trillion – a stunning drop of 95%. Samsung is expecting global demand […]
Read MoreCanalys released its report on the global wearables market in Q4 and the entire 2022. The numbers revealed 50 million shipped units between October and December, which was a massive 18% decline – the biggest since data is collected and analyzed. All five major companies – Apple, Xiaomi, Huawei, Samsung, and Google, saw a YoY […]
Read MoreThe latest report from Canalys shows how PC, tablets, and Chromebook sales performed in the first quarter of 2022. Despite PC and tablet sales dropping by 3% to 118.1 million units, compared to Q1 2021, shipments are still strong compared to pre-pandemic times with a three-year CAGR (compound annual growth rate) of 12% from Q1 […]
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