Foxconn's AI server business surged 60%+ YoY in Q2, surpassing revenue from Apple-related products for the first time, and is projected to grow 170%+ YoY in Q3
Update Reuters : AI demand propels electronics giant Foxconn's second-quarter profit Grace Priscilla Teo / Tech in Asia : Foxconn Q2 profit jumps 27% on booming AI server demand Kathrin Hille / Financ...
Foxconn reports Q2 revenue up 16% YoY to ~$59.73B, matching est., and operating profit up 27% YoY to ~$1.9B, above $1.6B est., driven by its AI server business
Taiwan's Foxconn, the world's largest contract electronics maker, reported Thursday that its second-quarter operating profit rose 27% year …
Nintendo reports FY 2024-25 revenue down 30% YoY to ~$8B, profit down 43% YoY to ~$1.9B, and says the Switch has 128M+ players globally eight years after launch
Update Dean Takahashi / VentureBeat : Nintendo fiscal year sales drop 30% ahead of Switch 2 launch
After losing billions on mobile bets, Japanese e-commerce giant Rakuten raised ~$1.9B for mobile and plans to sell stakes of its banking and securities units
Japanese e-commerce giant Rakuten Group Inc. sold 250 billion yen ($1.9 billion) of bonds on Friday, giving the company …
Analysis: AR and VR startups raised ~$1.9B in Q4 2021, more than any quarter ever, making 2021 the second-best year for AR/VR investments with ~$3.9B raised
Although the term metaverse has been around for nearly 30 years—coined in the novel “Snow Crash”—Facebook's name change to Meta … Tweets: @splashmango and @crunchbasenews Tweets: Juliana Loh / @splash...
Cisco to buy telecommunications software company BroadSoft for ~$1.9B to expand further into software and cloud services
Cisco Systems Inc. agreed to buy BroadSoft Inc. for about $1.9 billion to expand further into software and cloud services. — Cisco will pay $55 a share in cash …