Q2 2024
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EA CEO Suggests Apex Legends 2 Not Part of Plans as Season 22 Falls Short of Expectations
Electronic Arts is likely not looking to work on an Apex Legends sequel, the company suggested at its 2024 second-quarter earnings call on Tuesday. EA CEO Andrew Wilson said that a second iteration of a live service title was almost never as successful as the first version.
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Adani Ports' Q2 Net Profit Rises 37% To Rs 2,413.5 Crore On Higher Revenues
Adani Ports and Special Economic Zone (APSEZ) on Tuesday reported a 37 per cent rise in consolidated net profit at Rs 2,413.54 crore for the quarter ended September 2024, mainly on the back of higher revenues.
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Hogwarts Legacy Sequel One of 'Biggest Priorities' at Warner Bros., Studio Says
Warner Bros. Games is reportedly looking at the Hogwarts Legacy sequel to deliver the next big hit for them. A follow up to the highest selling game of 2023 is one of the biggest priorities for the studio, the Warner Bros. Discovery CFO said this week.
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HP Retains Top Spot as Indian PC Shipments Grow 7.1 Percent YoY in Q2 2024: Report
HP has retained its position at the top of the Indian PC market as the country witnessed a growth in shipments in the second quarter of 2024, as per a report. India has reportedly recorded a 7.1 percent year-over-year (YoY) growth in Q2 2024, noting an increase in shipment volume in all three categories — desktop, notebook, and workstation.
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GoPro to Cut 15 Percent of Workforce in Restructuring Push
GoPro has decided to cut about 15 percent of its workforce this year, as part of a restructuring plan to reduce operating expenses. The company expects to take charges in the range of $5 million (roughly Rs. 41.8 lakh) to $7 million (roughly Rs. 58.6 lakh) for the restructuring plan,
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Apple's Mac Computers Captured 60 Percent of AI PC Market, Windows AI PC Shipments Grew 12 Percent in Q2 2024: Canalys
AI PC shipments rose in Q2 2024, with over 8.8 million AI-capable computers shipped by device manufacturers, according to Canalys, a market research firm. Apple's Mac computers accounted for a majority of these devices, with a 60 percent market share. Following the launch of Qualcomm's Snapdragon X chipset series, the share of AI PCs is also expect...
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Smartphone Shipments in India Grew 7 Percent YoY in H1 2024: IDC Report
Smartphone shipments in India grew 7.2 percent year-over-year (YoY) in the first half (H1) of 2024 where 69 million units were shipped, according to a report by a market research firm. The second quarter (Q2) of the year saw 35 million smartphones being shipped, which was a 3.2 percent YoY rise over Q2 2023 shipments. The report added that the ...
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Crypto Startups Bagged Over $2 Billion in Funding Across 503 Deals in Q2 2024: PitchBook
The latest report by PitchBook states that a total of $2.7 billion were invested into crypto startups between April and June this year. This amount is 2.5 percent higher than what was fetched by crypto startups between January and March.
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Binance Claims to Have Recovered $73 Million of Funds Stolen via Hacks, Scams in Q2 2024
Binance’s security team has successfully recovered or frozen over $73 million (roughly Rs. 612 crore) in user funds from external hacks as of July 31, 2024. The platform identified and secured funds linked to hacks or scams that had made their way onto Binance, preventing further loss to users.
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Wearables Market in India Sees Decline in Q2 2024, Shipments Fall 10 Percent YoY: IDC
The wearables market in India saw a decline for the first time ever in the second quarter of 2024, according to a report from a market research firm. The total units shipped in Q2 2024 fell 10.0 percent year-over-year (YoY) to 29.5 million units. The first half of 2024 saw a 4.7 percent decline in wearables shipping to 55.1 million units.
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Reddit Announces Plans for Testing AI-Powered Summaries for Search Result Pages
Reddit will begin testing summaries generated using artificial intelligence (AI) for content, the company announced during its earnings call with investors on Tuesday. The AI-powered summaries will appear at the top of the search result pages. Courtesy of this feature, Reddit aims to help users “dive deeper” into the platform’s content, inclu...
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Spotify Brings Back Expanded Lyrics Feature for Free Users but With a Monthly Limit: Report
Spotify – the Swedish audio streaming service – is bringing back a highly requested feature months after it was put behind a paywall and removed from the free tier, according to a report. The lyrics feature is said to be now rolling out for users without a subscription to Spotify, albeit with a monthly limit.
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Xiaomi Gains Top Spot as Smartphone Shipments in India Decline in Q2 2024
Smartphone shipments in India declined in the second quarter of 2024 (April-June) despite several brands reporting year-on-year (YoY) growth, according to a report by a market research firm. Xiaomi grabbed the top spot in the smartphone shipments of Q2 2024 courtesy of it pushing its flagship handsets, while Samsung carried over its strong performa...
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Crypto Scammers are Disguising as BlackRock Officials to Lure Potential Victims: Details
Crypto scammers have been found impersonating BlackRock officials to deceive their victims. In investment scams, fraudsters often use limited-time offers to pressure victims, making the lure of a substantial reward overshadow their better judgment. BlackRock has released an urgent warning to the crypto community.
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Xiaomi Reclaims Top Spot as Smartphone Manufacturer in India in Q2 2024: Canalys
Smartphone shipments in India grew by only one percent in the second quarter (April-June) of 2024 on a year-on-year (YoY) basis, according to a report by a technology market analyst firm. The report suggests that the slight growth is a result of a number of different factors including national elections, lower seasonal demand and extreme weather co...
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EA CEO Suggests Apex Legends 2 Not Part of Plans as Season 22 Falls Short of Expectations
Electronic Arts is likely not looking to work on an Apex Legends sequel, the company suggested at its 2024 second-quarter earnings call on Tuesday. EA CEO Andrew Wilson said that a second iteration of a live service title was almost never as successful as the first version.
-
Adani Ports' Q2 Net Profit Rises 37% To Rs 2,413.5 Crore On Higher Revenues
Adani Ports and Special Economic Zone (APSEZ) on Tuesday reported a 37 per cent rise in consolidated net profit at Rs 2,413.54 crore for the quarter ended September 2024, mainly on the back of higher revenues.
-
Hogwarts Legacy Sequel One of 'Biggest Priorities' at Warner Bros., Studio Says
Warner Bros. Games is reportedly looking at the Hogwarts Legacy sequel to deliver the next big hit for them. A follow up to the highest selling game of 2023 is one of the biggest priorities for the studio, the Warner Bros. Discovery CFO said this week.
-
HP Retains Top Spot as Indian PC Shipments Grow 7.1 Percent YoY in Q2 2024: Report
HP has retained its position at the top of the Indian PC market as the country witnessed a growth in shipments in the second quarter of 2024, as per a report. India has reportedly recorded a 7.1 percent year-over-year (YoY) growth in Q2 2024, noting an increase in shipment volume in all three categories — desktop, notebook, and workstation.
-
GoPro to Cut 15 Percent of Workforce in Restructuring Push
GoPro has decided to cut about 15 percent of its workforce this year, as part of a restructuring plan to reduce operating expenses. The company expects to take charges in the range of $5 million (roughly Rs. 41.8 lakh) to $7 million (roughly Rs. 58.6 lakh) for the restructuring plan,
-
Apple's Mac Computers Captured 60 Percent of AI PC Market, Windows AI PC Shipments Grew 12 Percent in Q2 2024: Canalys
AI PC shipments rose in Q2 2024, with over 8.8 million AI-capable computers shipped by device manufacturers, according to Canalys, a market research firm. Apple's Mac computers accounted for a majority of these devices, with a 60 percent market share. Following the launch of Qualcomm's Snapdragon X chipset series, the share of AI PCs is also expect...
-
Smartphone Shipments in India Grew 7 Percent YoY in H1 2024: IDC Report
Smartphone shipments in India grew 7.2 percent year-over-year (YoY) in the first half (H1) of 2024 where 69 million units were shipped, according to a report by a market research firm. The second quarter (Q2) of the year saw 35 million smartphones being shipped, which was a 3.2 percent YoY rise over Q2 2023 shipments. The report added that the ...
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Crypto Startups Bagged Over $2 Billion in Funding Across 503 Deals in Q2 2024: PitchBook
The latest report by PitchBook states that a total of $2.7 billion were invested into crypto startups between April and June this year. This amount is 2.5 percent higher than what was fetched by crypto startups between January and March.
-
Binance Claims to Have Recovered $73 Million of Funds Stolen via Hacks, Scams in Q2 2024
Binance’s security team has successfully recovered or frozen over $73 million (roughly Rs. 612 crore) in user funds from external hacks as of July 31, 2024. The platform identified and secured funds linked to hacks or scams that had made their way onto Binance, preventing further loss to users.
-
Wearables Market in India Sees Decline in Q2 2024, Shipments Fall 10 Percent YoY: IDC
The wearables market in India saw a decline for the first time ever in the second quarter of 2024, according to a report from a market research firm. The total units shipped in Q2 2024 fell 10.0 percent year-over-year (YoY) to 29.5 million units. The first half of 2024 saw a 4.7 percent decline in wearables shipping to 55.1 million units.
-
Reddit Announces Plans for Testing AI-Powered Summaries for Search Result Pages
Reddit will begin testing summaries generated using artificial intelligence (AI) for content, the company announced during its earnings call with investors on Tuesday. The AI-powered summaries will appear at the top of the search result pages. Courtesy of this feature, Reddit aims to help users “dive deeper” into the platform’s content, inclu...
-
Spotify Brings Back Expanded Lyrics Feature for Free Users but With a Monthly Limit: Report
Spotify – the Swedish audio streaming service – is bringing back a highly requested feature months after it was put behind a paywall and removed from the free tier, according to a report. The lyrics feature is said to be now rolling out for users without a subscription to Spotify, albeit with a monthly limit.
-
Xiaomi Gains Top Spot as Smartphone Shipments in India Decline in Q2 2024
Smartphone shipments in India declined in the second quarter of 2024 (April-June) despite several brands reporting year-on-year (YoY) growth, according to a report by a market research firm. Xiaomi grabbed the top spot in the smartphone shipments of Q2 2024 courtesy of it pushing its flagship handsets, while Samsung carried over its strong performa...
-
Crypto Scammers are Disguising as BlackRock Officials to Lure Potential Victims: Details
Crypto scammers have been found impersonating BlackRock officials to deceive their victims. In investment scams, fraudsters often use limited-time offers to pressure victims, making the lure of a substantial reward overshadow their better judgment. BlackRock has released an urgent warning to the crypto community.
-
Xiaomi Reclaims Top Spot as Smartphone Manufacturer in India in Q2 2024: Canalys
Smartphone shipments in India grew by only one percent in the second quarter (April-June) of 2024 on a year-on-year (YoY) basis, according to a report by a technology market analyst firm. The report suggests that the slight growth is a result of a number of different factors including national elections, lower seasonal demand and extreme weather co...
