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Profits

All articles tagged with #profits

Nintendo Weighs Switch 2 Price Hike as Memory Costs Rise
business22 days ago

Nintendo Weighs Switch 2 Price Hike as Memory Costs Rise

Nintendo reports strong Switch 2 demand with 17.37 million units sold since June 2025 and a forecast of 19 million for the year, but president Shuntaro Furukawa says a price increase is being “carefully considered” after reviewing platform adoption, sales trends, costs, profitability and market conditions. Rising memory prices could pressure profits in the next fiscal year, though there are no immediate risks for the current year. Nintendo will monitor the situation and provide updates as needed.

via Nintendo Life|
#business#memory-prices#nintendo
Gothams pitches seven-year Gaza logistics monopoly with 3x returns
world23 days ago

Gothams pitches seven-year Gaza logistics monopoly with 3x returns

A November draft from US disaster-response firm Gothams LLC proposed a fully integrated Gaza logistics system that would give the contractor a seven-year exclusive contract and a minimum three-times return on capital, plus fees for each truck and for warehousing. The Guardian reports the plan has attracted White House interest amid discussions around a Trump-chaired Board of Peace, but officials say no contract exists yet and includes informal talks with investors; critics call the terms exorbitant in a context where Gaza’s reconstruction is estimated at about $70 billion.

via The Guardian|
#board-of-peace#gaza#gothams-llc
Southwest Airlines Surges Despite Profit Drop, Analysts Optimistic
business2 months ago

Southwest Airlines Surges Despite Profit Drop, Analysts Optimistic

Despite a 42% profit decline in the first nine months of 2025, Southwest Airlines' stock has surged nearly 24%, driven by strategic initiatives like switching to assigned seating and offering extra legroom for a fee, which analysts believe will boost future earnings. The airline's transformation efforts and market optimism have led to a significant stock rally, even amid industry challenges and demand dips.

via CNBC|
#airline-industry#business#profits
UK Recovers £74M from Asylum Hotel Profits
politics3 months ago

UK Recovers £74M from Asylum Hotel Profits

The UK government has recovered £74 million from companies running asylum hotels, following a review of contracts, but this amount is a small fraction of the total £2.1 billion spent on asylum accommodation in 2024/25. The government aims to reduce reliance on hotels, cut costs, and eventually close all asylum hotels, with plans to use alternative accommodations like military sites. Critics argue that the government needs a long-term, cost-effective plan for asylum housing.

via BBC|
#asylum#costs#government
Automakers Face Tariffs but Maintain Strong Earnings
business3 months ago

Automakers Face Tariffs but Maintain Strong Earnings

Despite facing $30 billion in tariffs, semiconductor shortages, and supply chain issues, automakers like GM, Ford, and Stellantis report strong quarterly earnings, aided by policy changes reducing tariffs, rising car prices, and a shift in environmental regulations favoring traditional vehicles over electric ones. However, the transition to electric vehicles faces setbacks, with some companies scaling back EV investments amid policy uncertainties and increased competition from Chinese automakers.

via NPR|
#automakers#business#electric-vehicles
Tesla's Profits Drop Despite Record Sales and Revenue
business4 months ago

Tesla's Profits Drop Despite Record Sales and Revenue

Tesla achieved record vehicle deliveries and revenue in Q3 2025, but net income fell 37% due to lower EV prices, higher R&D spending, and tariffs. CEO Elon Musk announced plans to deploy fully driverless robotaxis in multiple states by year's end and revealed the manufacturing of Tesla's AI5 chip in Texas and Arizona, aiming to supplement its vehicle and robot production.

via Engadget|
#ai5#business#profits
Tesla's Q3 Profit Declines Despite Rising Sales and Robotaxi Plans
business4 months ago

Tesla's Q3 Profit Declines Despite Rising Sales and Robotaxi Plans

Tesla's quarterly profits declined for the fourth consecutive time despite a rise in vehicle sales, influenced by factors such as customers rushing to use a federal EV tax credit and increased diversification into AI and robotics. The company's revenue increased to $28.1 billion, but profit margins and earnings per share fell, raising concerns about demand and market competition. Elon Musk emphasized future growth in robotaxi and AI products, while investor confidence remains cautious due to ongoing challenges in the EV market.

via AP News|
#business#elon-musk#ev-market