The US GDP decreased by 0.5% in Q1 2025 mainly due to increased imports and decreased government spending, with some offset from investment and consumer spending. Industry-wise, private goods and services declined, while government output rose. Price indices increased, and corporate profits fell, reflecting a slowdown in economic activity.
Japan's Q1 GDP contraction was revised to a smaller 0.2% annualized decline from 0.7%, with slight upward revisions in consumption and private investment, amid ongoing US tariff uncertainties impacting exports and economic outlook.
Lululemon reported a 7% increase in revenue to $2.4 billion for Q1 2025, with a slight increase in comparable sales and a diluted EPS of $2.60, highlighting steady growth and strong financial positioning amid global market challenges.
MongoDB reported strong Q1 2025 results with revenue of $549 million, beating estimates, and a significant increase in operating income and customer base, leading to a 14.3% stock jump. The company raised its full-year revenue guidance and shows impressive long-term growth, positioning itself as a key player in enterprise software and AI-driven solutions.
Nio reported a 30% increase in net loss for Q1 2025, driven by higher R&D and marketing expenses, with revenue slightly below expectations. Despite delivering over 42,000 vehicles, the company faced rising costs and cash flow issues, but guided for significant growth in deliveries and revenue in Q2.
The US economy contracted by 0.2% in Q1 2025, the first decline since 2022, due to increased imports and decreased government spending amid ongoing trade tensions. Despite this, cryptocurrency markets remained largely unaffected, with Bitcoin trading flat and other tokens showing minimal movement, reflecting a muted market response to the economic slowdown.
In Q1 2025, Apple's iPhone 16 was the best-selling smartphone globally, with the iPhone 16 Pro Max, iPhone 16 Pro, and iPhone 15 also ranking highly. Apple dominated the top 10 list, securing five spots, and the iPhone 16e gained popularity despite a short sales window. The report highlights Apple's narrowing gap between standard and Pro models and notes strong sales in Japan and the Middle East, while facing challenges in China due to local competition.
The iPhone 16 has become the best-selling smartphone globally in Q1 2025, surpassing even the more premium iPhone 16 Pro and Pro Max models, likely due to comparable performance and lower price points. Apple maintains a strong presence in the top positions, with other brands like Samsung and Xiaomi also performing well. The data suggests consumer preference is shifting towards value, with the base iPhone 16 offering high-end features at a more affordable price, while premium models face stiff competition, especially in China.
Reports suggest that the release of the Nintendo Switch 2 has been pushed to Q1 2025, with sources indicating that the move is aimed at ensuring a strong launch lineup. This delay from the previously anticipated late 2024 release date allows more time for game development, while still falling within Nintendo's upcoming financial year. Despite earlier denials, industry insiders and developers seem to be preparing for the new console, with hundreds of projects reportedly in the works for the Switch 2.