Sony reports Q3 gaming and network services revenue down 4% YoY to ~$10.5B, profit up 19% YoY to ~$889M, and PlayStation 5 sales down 16% YoY to 8M units
Sam Nussey /Reuters:
SoftBank commits $3B annually for itself and its subsidiaries to use OpenAI's tech, and launches SB OpenAI Japan to market OpenAI's enterprise tech in Japan
Welcome to Cautious Optimism, a newsletter on tech, business, and power. SoftBank Group Corp. : OpenAI and SoftBank Group Partner to Develop and Market Advanced Enterprise AI The Asahi Shimbun : SoftB...
Japan plans to extend ~$1.64B in subsidies for Kioxia and Western Digital to expand memory chip production, after merger talks between the two stalled in 2023
Sam Nussey / Reuters :
SoftBank tells T-Mobile US to issue 48.75M shares, worth ~$7.59B, to the conglomerate after the Sprint and T-Mobile merger, taking its stake from 3.75% to 7.64%
Sam Nussey / Reuters :
Sony reports Q2 revenue up 8% YoY to ~$18.5B, operating profit down 29% YoY to ~$1.74B, chips division profit down 38%, and 4.9M PS5 sales, vs. 3.3M in Q2 2022
Sam Nussey / Reuters :
Sony has sold over 40M PS5s since its launch in November 2020, up from 10M in July 2021, despite the “unprecedented challenges of COVID” and supply chain issues
here's where to get it Robert Anderson / IGN : Sony's First PS5 Sale Debuts with Attractive Price Drops in the UK and Beyond Matthew Humphries / PCMag : Sony Blows Microsoft Out of the Water, Tops 40 ...
Alibaba's Jack Ma resigns from SoftBank board, as he pulls back from formal business roles to focus on philanthropy; SoftBank to propose three new appointments
Sam Nussey / Reuters :
SoftBank says it sees a loss of ~$6.6B in the year ending March on its WeWork investment held outside the Vision Fund, extending its expected net loss to $8.4B
Sam Nussey / Reuters :
SoftBank forecasts a $7B net loss for the year ending in March, due to coronavirus and losses related to WeWork, and expects an operating loss of $12.5B
then its share price pumped TechCrunch : SoftBank expects $24 billion in losses from Vision Fund, WeWork and OneWeb investments Sam Nussey / Reuters : SoftBank shares fall 3.5% after flagging first fi...
Alphabet and Softbank ally with telcos like China Telecom and vendors like Nokia to promote industry-wide standards for balloon, drone network tech
Sam Nussey / Reuters :