US video game console sales in November dropped 27% to the lowest level in two decades, with consumers spending $695 million, amid rising prices due to tariffs, component costs, and supply chain issues. Nintendo's Switch 2 lost its sales lead to Sony's PS5, while console prices hit a record average of $439. Despite challenges, Nintendo's new games performed well, and the industry faces ongoing cost pressures from AI-driven memory shortages.
Tesla is launching short-term car rentals in California to counteract declining US EV sales after the end of federal tax credits, offering competitive perks and direct rental options to boost demand.
Tesla is now renting out its vehicles in select US stores due to declining sales after the end of federal tax credits, offering short-term rentals with incentives to encourage purchases, as the electric vehicle market faces demand challenges and inventory buildup.
Anheuser-Busch InBev (BUD) reported a Q4 profit despite a revenue miss of $14.7 billion, attributed to recent price hikes, with adjusted earnings per share gaining $0.82. However, the company experienced a 17.3% decline in US revenue and a 2.6% drop in volume, largely due to the poor performance of Bud Light following a boycott in 2023. The CEO acknowledged the challenging year for the US business but noted gradual improvement and a market share of 38.3%.
