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2025-05-15 04:31:56 ·

China's CO2 emissions have started falling – is this finally the peak?

A floating solar farm in Huainan City, China is part of the country’s renewable power build-outImago / Alamy
China, the world’s largest emitter of carbon dioxide, has seen a slight decline in those emissions over the past twelve months, even as demand for power has gone up. This is an encouraging sign the country’s massive buildout of clean energy has begun to displace fossil fuels – but emissions could still surge again.
That is according to an analysis of China’s economic and energy data by Lauri Myllivirta at the Centre for Research on Energy and Clean Air, a research organisation in Finland. According to the report, published in Carbon Brief, China’s CO2 emissions have declined by 1 per cent over the past 12 months; in the first quarter of 2025 alone emissions declined by 1.6 per cent relative to last year.
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This isn’t the first time China’s CO2 emissions have dipped. For instance, they dropped in 2022 as the economy came to a standstill during covid-19 lockdowns. But this is the first time emissions have fallen even as the country has used more power. “That, of course, means the current fall in emissions has a much better chance of being sustained,” says Myllivirta.
This is mainly a consequence of China’s record build-out of solar, wind and nuclear power, which is beginning to eat into the total electricity generated by burning fossil fuels. Wider economic shifts away from cement and steel production, which are carbon-intensive industries, have also contributed to the decline. Another factor is the jump in the share of people driving electric vehicles, which has cut into the demand for oil.
If China maintains these trends, its carbon emissions could continue to fall. A sustained drop would indicate the country has passed peak emissions, putting it several years ahead of its 2030 target. The achievement would represent a substantial physical and psychological milestone for efforts to tackle climate change, says Myllivirta.

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“If and when China’s leaders conclude that they’ve actually got a grip on the problem, and they’ve started to bring down emissions, that will enable China to be a much more forceful and much more positive player in international climate policy, and encourage others to move in the same direction as well,” he says.
However, a number of factors could push China’s emissions back up. In the short term, a hot summer could raise demand for electricity-hungry air conditioning. As in 2022 and 2023, drought could reduce hydropower plants’ ability to generate electricity, forcing coal and gas power plants to make up the difference, says David Fishman at the Lantau Group, a consultancy in Hong Kong.
And the Trump administration’s tariffs, which will have as-yet-unknown effects, have made forecasts of China’s emissions even more “wobbly”, says Myllivirta.
In the longer term, to keep up with demand, China will also need to build hundreds of gigawatts per year of new clean power generation. Whether the country hits that mark will depend on the targets China’s government sets in its next five-year plan, due in 2026, and the pledges it makes under the Paris agreement ahead of this year’s COP30 summit.
“The fate of the global climate doesn’t ride upon what happens in China this summer, but it does to a large part ride on what happens to China’s emissions over the next years and over the next decade,” says Myllivirta.
Topics:
#china039s #co2 #emissions #have #started

China's CO2 emissions have started falling – is this finally the peak?
A floating solar farm in Huainan City, China is part of the country’s renewable power build-outImago / Alamy China, the world’s largest emitter of carbon dioxide, has seen a slight decline in those emissions over the past twelve months, even as demand for power has gone up. This is an encouraging sign the country’s massive buildout of clean energy has begun to displace fossil fuels – but emissions could still surge again. That is according to an analysis of China’s economic and energy data by Lauri Myllivirta at the Centre for Research on Energy and Clean Air, a research organisation in Finland. According to the report, published in Carbon Brief, China’s CO2 emissions have declined by 1 per cent over the past 12 months; in the first quarter of 2025 alone emissions declined by 1.6 per cent relative to last year. Advertisement This isn’t the first time China’s CO2 emissions have dipped. For instance, they dropped in 2022 as the economy came to a standstill during covid-19 lockdowns. But this is the first time emissions have fallen even as the country has used more power. “That, of course, means the current fall in emissions has a much better chance of being sustained,” says Myllivirta. This is mainly a consequence of China’s record build-out of solar, wind and nuclear power, which is beginning to eat into the total electricity generated by burning fossil fuels. Wider economic shifts away from cement and steel production, which are carbon-intensive industries, have also contributed to the decline. Another factor is the jump in the share of people driving electric vehicles, which has cut into the demand for oil. If China maintains these trends, its carbon emissions could continue to fall. A sustained drop would indicate the country has passed peak emissions, putting it several years ahead of its 2030 target. The achievement would represent a substantial physical and psychological milestone for efforts to tackle climate change, says Myllivirta. Unmissable news about our planet delivered straight to your inbox every month. Sign up to newsletter “If and when China’s leaders conclude that they’ve actually got a grip on the problem, and they’ve started to bring down emissions, that will enable China to be a much more forceful and much more positive player in international climate policy, and encourage others to move in the same direction as well,” he says. However, a number of factors could push China’s emissions back up. In the short term, a hot summer could raise demand for electricity-hungry air conditioning. As in 2022 and 2023, drought could reduce hydropower plants’ ability to generate electricity, forcing coal and gas power plants to make up the difference, says David Fishman at the Lantau Group, a consultancy in Hong Kong. And the Trump administration’s tariffs, which will have as-yet-unknown effects, have made forecasts of China’s emissions even more “wobbly”, says Myllivirta. In the longer term, to keep up with demand, China will also need to build hundreds of gigawatts per year of new clean power generation. Whether the country hits that mark will depend on the targets China’s government sets in its next five-year plan, due in 2026, and the pledges it makes under the Paris agreement ahead of this year’s COP30 summit. “The fate of the global climate doesn’t ride upon what happens in China this summer, but it does to a large part ride on what happens to China’s emissions over the next years and over the next decade,” says Myllivirta. Topics: #china039s #co2 #emissions #have #started

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China's CO2 emissions have started falling – is this finally the peak?

A floating solar farm in Huainan City, China is part of the country’s renewable power build-outImago / Alamy China, the world’s largest emitter of carbon dioxide, has seen a slight decline in those emissions over the past twelve months, even as demand for power has gone up. This is an encouraging sign the country’s massive buildout of clean energy has begun to displace fossil fuels – but emissions could still surge again. That is according to an analysis of China’s economic and energy data by Lauri Myllivirta at the Centre for Research on Energy and Clean Air, a research organisation in Finland. According to the report, published in Carbon Brief, China’s CO2 emissions have declined by 1 per cent over the past 12 months; in the first quarter of 2025 alone emissions declined by 1.6 per cent relative to last year. Advertisement This isn’t the first time China’s CO2 emissions have dipped. For instance, they dropped in 2022 as the economy came to a standstill during covid-19 lockdowns. But this is the first time emissions have fallen even as the country has used more power. “That, of course, means the current fall in emissions has a much better chance of being sustained,” says Myllivirta. This is mainly a consequence of China’s record build-out of solar, wind and nuclear power, which is beginning to eat into the total electricity generated by burning fossil fuels. Wider economic shifts away from cement and steel production, which are carbon-intensive industries, have also contributed to the decline. Another factor is the jump in the share of people driving electric vehicles, which has cut into the demand for oil. If China maintains these trends, its carbon emissions could continue to fall. A sustained drop would indicate the country has passed peak emissions, putting it several years ahead of its 2030 target. The achievement would represent a substantial physical and psychological milestone for efforts to tackle climate change, says Myllivirta. Unmissable news about our planet delivered straight to your inbox every month. Sign up to newsletter “If and when China’s leaders conclude that they’ve actually got a grip on the problem, and they’ve started to bring down emissions, that will enable China to be a much more forceful and much more positive player in international climate policy, and encourage others to move in the same direction as well,” he says. However, a number of factors could push China’s emissions back up. In the short term, a hot summer could raise demand for electricity-hungry air conditioning. As in 2022 and 2023, drought could reduce hydropower plants’ ability to generate electricity, forcing coal and gas power plants to make up the difference, says David Fishman at the Lantau Group, a consultancy in Hong Kong. And the Trump administration’s tariffs, which will have as-yet-unknown effects, have made forecasts of China’s emissions even more “wobbly”, says Myllivirta. In the longer term, to keep up with demand, China will also need to build hundreds of gigawatts per year of new clean power generation. Whether the country hits that mark will depend on the targets China’s government sets in its next five-year plan, due in 2026, and the pledges it makes under the Paris agreement ahead of this year’s COP30 summit. “The fate of the global climate doesn’t ride upon what happens in China this summer, but it does to a large part ride on what happens to China’s emissions over the next years and over the next decade,” says Myllivirta. Topics:

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Lifehacker A distribuit un link

2025-05-15 00:50:09 ·

Here's How the Tariffs Are Impacting the Price of Gaming

Contrary to the White House's assertions, we consumers are indeed footing the bill for all these tariffs. Companies from across industries have been stopping sales or raising prices over the past month or so, and the chaos continues on. It doesn't help that the actual tariff situation is so volatile. President Donald Trump kept escalating the tariffs against China in particular, all the way up to 145%. Then, the administration made a deal with China to suspend most of the tariffs until August, but some tariffs still remain. As such, companies are scrambling to figure out the best way to protect their bottom lines and shareholder values—part of that strategy involves raising costs.Gaming is no exception to this reality. Many gaming companies manufacture their components in China, which means their devices face tariffs if they ship to the U.S. Here's where the situation currently stands with the biggest gaming companies.MicrosoftXboxes are apparently an appreciating asset. On May 1, Microsoft raised the prices on all Xbox consoles, and some Xbox accessories—including controllers and headsets. These price hikes were actually pretty steep: Both the standard and digital Series X models jumped by while the 2TB model jumped a whopping On April 30, Series X with 2TB of internal storage would have set you back Now, you're out Games aren't wholly exempt here, either, but the news is a bit better: Existing titles will keep the same MSRP they did before the price hikes, while select new titles will cost this holiday season.To be fair, Microsoft doesn't directly attribute the tariffs to these raised prices, instead referring to "market conditions and the rising cost of development." However, seeing as tariffs are the driving force of current market conditions, it seems a safe assumption that Microsoft is recouping some increased costs due to these import fees. SonySony, too, raised the prices on its flagship consoles—but only in select markets. The company increased the price of certain PS5 units in Europe, the UK, Australia, and New Zealand. The price increases, as well as which console received them, depends on the region: Europe, for example, only saw an increase on the PS5 Digital Edition by €50, while the disc drive PS5 remained the same. Australia and New Zealand, on the other hand, were not so lucky, seeing price increases on both. New Zealand has the highest MSRP for a PS5 on the list at NZD. However, that doesn't mean those of us in the U.S. are safe from PS5 price increases. As reported by The Verge, Sony says that it expects tariffs to cost the company 100 billion yen, and is considering both relocating manufacturing to the U.S., as well as raising costs for consumers. Sony is a massive company, so that could involve raising prices on products other than PS5. However, the lack of a definitive answer on which products would be affected means that Sony may raise PS5 prices in the future.NintendoHere's the good news: Nintendo did not raise the MSRP of the Switch 2, nor any of its existing Switch consoles. The Switch 2 will remain or if you buy the Mario Kart World bundle. However, Nintendo has reacted to the tariffs in other ways. First, it paused preorders for the Switch 2 in the U.S. and Canada, "to assess the potential impact of tariffs and evolving market conditions." We already know it ultimately kept the Switch prices the same, but once Nintendo picked a new preorder date, it also announced new price increases for Switch 2 accessories. The Pro Controller is now more than it was, and while the Joy-Con 2 controllers are only more, they now cost an astounding The Switch 2 camera is also when originally it was The rest of the Switch 2 accessories remain the same. PC gamingPC gaming is a more complicated beast than console gaming. Unless you opt for a gaming laptop, you most likely are looking to build your own PC, which requires purchasing a number of parts—many of which are made in China. Luckily computers, phones, and PC cases were exempt from the full 145% tariff, but not other PC components.According to PCMag, most PC parts haven't been hit that hard by tariffs yet—at least when it comes to April prices. The outlet observed that PC cases, processors, and memory kits all had modest increases, while a liquid cooler unit actually dropped in price by However, they did find a concerning price increase when it came to one particularly important component: graphics cards. In January, the MSI SHADOW GeForce RTX 5070 Ti graphics card cost In April, it cost a increase. PCMag found a similar trend across other popular graphics cards, with price increases ranging from all the way to Graphics cards had been in hot demand long before Trump was even elected, largely due to their use in processing AI. Increased tariffs are now only putting more pressure on that product category. Gaming laptops largely haven't taken much of a hit yet, but Razer was one of the companies to pause direct sales to the U.S. last month. You can't predict the futureThis is where the market stands now, but there's no telling what will change in the coming days, weeks, and months. Sony could raise PS5 prices in the U.S. tomorrow; Nintendo could decide that the OG Switch needs to cost more now, too. Nothing is certain, but one thing seems reasonable to assume: The prices you see today are the best they're going to be for a while. If you're holding out for the Xbox Series X to drop in cost, or crossing your fingers that Mario Kart World won't actually cost on release, you're probably not going to be happy with the future.Anything's possible, but given where we are with tariffs and global markets, prices only seem to be going up. Remaining the same is perhaps the best we can hope for—unless you're willing to give the secondhand market a try.
#here039s #how #tariffs #are #impacting

Here's How the Tariffs Are Impacting the Price of Gaming
Contrary to the White House's assertions, we consumers are indeed footing the bill for all these tariffs. Companies from across industries have been stopping sales or raising prices over the past month or so, and the chaos continues on. It doesn't help that the actual tariff situation is so volatile. President Donald Trump kept escalating the tariffs against China in particular, all the way up to 145%. Then, the administration made a deal with China to suspend most of the tariffs until August, but some tariffs still remain. As such, companies are scrambling to figure out the best way to protect their bottom lines and shareholder values—part of that strategy involves raising costs.Gaming is no exception to this reality. Many gaming companies manufacture their components in China, which means their devices face tariffs if they ship to the U.S. Here's where the situation currently stands with the biggest gaming companies.MicrosoftXboxes are apparently an appreciating asset. On May 1, Microsoft raised the prices on all Xbox consoles, and some Xbox accessories—including controllers and headsets. These price hikes were actually pretty steep: Both the standard and digital Series X models jumped by while the 2TB model jumped a whopping On April 30, Series X with 2TB of internal storage would have set you back Now, you're out Games aren't wholly exempt here, either, but the news is a bit better: Existing titles will keep the same MSRP they did before the price hikes, while select new titles will cost this holiday season.To be fair, Microsoft doesn't directly attribute the tariffs to these raised prices, instead referring to "market conditions and the rising cost of development." However, seeing as tariffs are the driving force of current market conditions, it seems a safe assumption that Microsoft is recouping some increased costs due to these import fees. SonySony, too, raised the prices on its flagship consoles—but only in select markets. The company increased the price of certain PS5 units in Europe, the UK, Australia, and New Zealand. The price increases, as well as which console received them, depends on the region: Europe, for example, only saw an increase on the PS5 Digital Edition by €50, while the disc drive PS5 remained the same. Australia and New Zealand, on the other hand, were not so lucky, seeing price increases on both. New Zealand has the highest MSRP for a PS5 on the list at NZD. However, that doesn't mean those of us in the U.S. are safe from PS5 price increases. As reported by The Verge, Sony says that it expects tariffs to cost the company 100 billion yen, and is considering both relocating manufacturing to the U.S., as well as raising costs for consumers. Sony is a massive company, so that could involve raising prices on products other than PS5. However, the lack of a definitive answer on which products would be affected means that Sony may raise PS5 prices in the future.NintendoHere's the good news: Nintendo did not raise the MSRP of the Switch 2, nor any of its existing Switch consoles. The Switch 2 will remain or if you buy the Mario Kart World bundle. However, Nintendo has reacted to the tariffs in other ways. First, it paused preorders for the Switch 2 in the U.S. and Canada, "to assess the potential impact of tariffs and evolving market conditions." We already know it ultimately kept the Switch prices the same, but once Nintendo picked a new preorder date, it also announced new price increases for Switch 2 accessories. The Pro Controller is now more than it was, and while the Joy-Con 2 controllers are only more, they now cost an astounding The Switch 2 camera is also when originally it was The rest of the Switch 2 accessories remain the same. PC gamingPC gaming is a more complicated beast than console gaming. Unless you opt for a gaming laptop, you most likely are looking to build your own PC, which requires purchasing a number of parts—many of which are made in China. Luckily computers, phones, and PC cases were exempt from the full 145% tariff, but not other PC components.According to PCMag, most PC parts haven't been hit that hard by tariffs yet—at least when it comes to April prices. The outlet observed that PC cases, processors, and memory kits all had modest increases, while a liquid cooler unit actually dropped in price by However, they did find a concerning price increase when it came to one particularly important component: graphics cards. In January, the MSI SHADOW GeForce RTX 5070 Ti graphics card cost In April, it cost a increase. PCMag found a similar trend across other popular graphics cards, with price increases ranging from all the way to Graphics cards had been in hot demand long before Trump was even elected, largely due to their use in processing AI. Increased tariffs are now only putting more pressure on that product category. Gaming laptops largely haven't taken much of a hit yet, but Razer was one of the companies to pause direct sales to the U.S. last month. You can't predict the futureThis is where the market stands now, but there's no telling what will change in the coming days, weeks, and months. Sony could raise PS5 prices in the U.S. tomorrow; Nintendo could decide that the OG Switch needs to cost more now, too. Nothing is certain, but one thing seems reasonable to assume: The prices you see today are the best they're going to be for a while. If you're holding out for the Xbox Series X to drop in cost, or crossing your fingers that Mario Kart World won't actually cost on release, you're probably not going to be happy with the future.Anything's possible, but given where we are with tariffs and global markets, prices only seem to be going up. Remaining the same is perhaps the best we can hope for—unless you're willing to give the secondhand market a try. #here039s #how #tariffs #are #impacting

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Here's How the Tariffs Are Impacting the Price of Gaming

Contrary to the White House's assertions, we consumers are indeed footing the bill for all these tariffs. Companies from across industries have been stopping sales or raising prices over the past month or so, and the chaos continues on. It doesn't help that the actual tariff situation is so volatile. President Donald Trump kept escalating the tariffs against China in particular, all the way up to 145%. Then, the administration made a deal with China to suspend most of the tariffs until August, but some tariffs still remain. As such, companies are scrambling to figure out the best way to protect their bottom lines and shareholder values—part of that strategy involves raising costs.Gaming is no exception to this reality. Many gaming companies manufacture their components in China, which means their devices face tariffs if they ship to the U.S. Here's where the situation currently stands with the biggest gaming companies.MicrosoftXboxes are apparently an appreciating asset. On May 1, Microsoft raised the prices on all Xbox consoles, and some Xbox accessories—including controllers and headsets. These price hikes were actually pretty steep: Both the standard and digital Series X models jumped by $100, while the 2TB model jumped a whopping $130. On April 30, Series X with 2TB of internal storage would have set you back $600. Now, you're out $730.Games aren't wholly exempt here, either, but the news is a bit better: Existing titles will keep the same MSRP they did before the price hikes, while select new titles will cost $80 this holiday season.To be fair, Microsoft doesn't directly attribute the tariffs to these raised prices, instead referring to "market conditions and the rising cost of development." However, seeing as tariffs are the driving force of current market conditions, it seems a safe assumption that Microsoft is recouping some increased costs due to these import fees. SonySony, too, raised the prices on its flagship consoles—but only in select markets. The company increased the price of certain PS5 units in Europe, the UK, Australia, and New Zealand. The price increases, as well as which console received them, depends on the region: Europe, for example, only saw an increase on the PS5 Digital Edition by €50, while the disc drive PS5 remained the same. Australia and New Zealand, on the other hand, were not so lucky, seeing price increases on both. New Zealand has the highest MSRP for a PS5 on the list at NZD $949.95 (or roughly $560 USD at this time). However, that doesn't mean those of us in the U.S. are safe from PS5 price increases. As reported by The Verge, Sony says that it expects tariffs to cost the company 100 billion yen ($681 million), and is considering both relocating manufacturing to the U.S., as well as raising costs for consumers. Sony is a massive company, so that could involve raising prices on products other than PS5. However, the lack of a definitive answer on which products would be affected means that Sony may raise PS5 prices in the future.NintendoHere's the good news: Nintendo did not raise the MSRP of the Switch 2, nor any of its existing Switch consoles. The Switch 2 will remain $450, or $500 if you buy the Mario Kart World bundle. However, Nintendo has reacted to the tariffs in other ways. First, it paused preorders for the Switch 2 in the U.S. and Canada, "to assess the potential impact of tariffs and evolving market conditions." We already know it ultimately kept the Switch prices the same, but once Nintendo picked a new preorder date, it also announced new price increases for Switch 2 accessories. The Pro Controller is now $15 more than it was, and while the Joy-Con 2 controllers are only $5 more, they now cost an astounding $95. The Switch 2 camera is also $55, when originally it was $50. The rest of the Switch 2 accessories remain the same. PC gamingPC gaming is a more complicated beast than console gaming. Unless you opt for a gaming laptop, you most likely are looking to build your own PC, which requires purchasing a number of parts—many of which are made in China. Luckily computers, phones, and PC cases were exempt from the full 145% tariff, but not other PC components.According to PCMag, most PC parts haven't been hit that hard by tariffs yet—at least when it comes to April prices. The outlet observed that PC cases, processors, and memory kits all had modest increases ($10, $15, and $3, respectively), while a liquid cooler unit actually dropped in price by $60.However, they did find a concerning price increase when it came to one particularly important component: graphics cards. In January, the MSI SHADOW GeForce RTX 5070 Ti graphics card cost $750. In April, it cost $840, a $90 increase. PCMag found a similar trend across other popular graphics cards, with price increases ranging from $250 all the way to $750. Graphics cards had been in hot demand long before Trump was even elected, largely due to their use in processing AI. Increased tariffs are now only putting more pressure on that product category. Gaming laptops largely haven't taken much of a hit yet, but Razer was one of the companies to pause direct sales to the U.S. last month. You can't predict the futureThis is where the market stands now, but there's no telling what will change in the coming days, weeks, and months. Sony could raise PS5 prices in the U.S. tomorrow; Nintendo could decide that the OG Switch needs to cost more now, too. Nothing is certain, but one thing seems reasonable to assume: The prices you see today are the best they're going to be for a while. If you're holding out for the Xbox Series X to drop in cost, or crossing your fingers that Mario Kart World won't actually cost $80 on release, you're probably not going to be happy with the future.Anything's possible, but given where we are with tariffs and global markets, prices only seem to be going up. Remaining the same is perhaps the best we can hope for—unless you're willing to give the secondhand market a try.

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Business Insider A distribuit un link

2025-05-14 22:34:02 ·

Uber has a new plan to get you to use its app more: Cheaper ride and delivery options

Uber unveiled several features Wednesday geared toward saving users money.

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2025-05-14T22:31:01Z

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Uber's newest features include options for cheaper rides and food delivery.
Users will soon be able to find cheaper groceries and get a new type of shared ride in the app.
CEO Dara Khosrowshahi has talked about the importance of getting users to order frequently.

Uber's newest features could help you spend less on each ride or grocery order — particularly if you use the app frequently.The ride-hailing and delivery app unveiled multiple budget-focused offerings at its annual Go-Get conference, from a tool that finds cheaper groceries to a new kind of shared ride aimed at commuters that focuses on the busiest streets in an area.With the features, Uber wants to make "things a little easier, a little more predictable, and above all, a lot more affordable" for users, CEO Dara Khosrowshahi said at the conference Wednesday.

The price-conscious features come as Uber tries to get existing customers to use its app more. Uber's latest quarterly results, which the company reported last week, were driven by "growth that's coming from engagement and frequency, not just price," Khosrowshahi said on aThe company is also seeing growth in the number of subscribers to Uber One, its paid subscription service that offers discounts and other perks on rides and delivery.One of the new features unveiled Wednesday is the Uber Eats Savings Slider. Customers will be able to add groceries to their basket, then use the slider to decide how much money they would like to save. As they increase the savings amount, the app will suggest cheaper versions of what they have selected.The feature could save users 15% to 20% on average and will be available later this year in the US and Canada, Rohan Mathew, Uber's senior director of delivery engineering, said at Go-Get."If I care how many swaps Uber makes, I can really crank up the savings," he said. In an example on stage, Mathew increased the savings amount, which swapped a blanket that he had selected for a Snuggy wearable blanket that was on sale.Uber is also adding an option it calls "Route Share" to its ride-hailing business. Under the offering, users can save as much as 50% on fares by walking longer distances to pick up points along major, busy streets and sharing rides with other passengers, the company said at its presentation.Route Share is "our most affordable ride offering yet" and "the perfect way to get to and from work without breaking the bank," Uber said in a statement summarizing the new features. Uber started offering the service on Wednesday in New York, San Francisco, Chicago, Philadelphia, Dallas, Boston, and Baltimore.Both Route Share and the grocery feature are aimed at users who would incorporate them into their daily or weekly routines.Uber's focus on savings and how much customers pay for its services comes as many consumer brands worry about a potential recession, driven in part by the lingering effects of President Donald Trump's tariffs on the economy.Uber itself has not reported evidence of a downturn, with customers still spending on ride-hailing trips and food deliveries. And Wednesday's presentation didn't include much talk of the state of the economy.But leaders at the conference made many references to savings, deals, and discounts. While introducing the savings slider feature, for instance, Mathew referenced grocery prices that have remained high thanks to inflation.And Sachin Kansal, Uber's chief product officer, said at the conference that its route share feature is meant to help daily commuters save money.Using Uber could also get cheaper if a recession comes, Khosrowshahi said recently, since more people would be likely to turn to working for the app for income.Do you have a story to share about gig work? Contact this reporter at abitter@businessinsider.com or 808-854-4501.

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Uber has a new plan to get you to use its app more: Cheaper ride and delivery options
Uber unveiled several features Wednesday geared toward saving users money. Anadolu/Anadolu Agency 2025-05-14T22:31:01Z d Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Uber's newest features include options for cheaper rides and food delivery. Users will soon be able to find cheaper groceries and get a new type of shared ride in the app. CEO Dara Khosrowshahi has talked about the importance of getting users to order frequently. Uber's newest features could help you spend less on each ride or grocery order — particularly if you use the app frequently.The ride-hailing and delivery app unveiled multiple budget-focused offerings at its annual Go-Get conference, from a tool that finds cheaper groceries to a new kind of shared ride aimed at commuters that focuses on the busiest streets in an area.With the features, Uber wants to make "things a little easier, a little more predictable, and above all, a lot more affordable" for users, CEO Dara Khosrowshahi said at the conference Wednesday. The price-conscious features come as Uber tries to get existing customers to use its app more. Uber's latest quarterly results, which the company reported last week, were driven by "growth that's coming from engagement and frequency, not just price," Khosrowshahi said on aThe company is also seeing growth in the number of subscribers to Uber One, its paid subscription service that offers discounts and other perks on rides and delivery.One of the new features unveiled Wednesday is the Uber Eats Savings Slider. Customers will be able to add groceries to their basket, then use the slider to decide how much money they would like to save. As they increase the savings amount, the app will suggest cheaper versions of what they have selected.The feature could save users 15% to 20% on average and will be available later this year in the US and Canada, Rohan Mathew, Uber's senior director of delivery engineering, said at Go-Get."If I care how many swaps Uber makes, I can really crank up the savings," he said. In an example on stage, Mathew increased the savings amount, which swapped a blanket that he had selected for a Snuggy wearable blanket that was on sale.Uber is also adding an option it calls "Route Share" to its ride-hailing business. Under the offering, users can save as much as 50% on fares by walking longer distances to pick up points along major, busy streets and sharing rides with other passengers, the company said at its presentation.Route Share is "our most affordable ride offering yet" and "the perfect way to get to and from work without breaking the bank," Uber said in a statement summarizing the new features. Uber started offering the service on Wednesday in New York, San Francisco, Chicago, Philadelphia, Dallas, Boston, and Baltimore.Both Route Share and the grocery feature are aimed at users who would incorporate them into their daily or weekly routines.Uber's focus on savings and how much customers pay for its services comes as many consumer brands worry about a potential recession, driven in part by the lingering effects of President Donald Trump's tariffs on the economy.Uber itself has not reported evidence of a downturn, with customers still spending on ride-hailing trips and food deliveries. And Wednesday's presentation didn't include much talk of the state of the economy.But leaders at the conference made many references to savings, deals, and discounts. While introducing the savings slider feature, for instance, Mathew referenced grocery prices that have remained high thanks to inflation.And Sachin Kansal, Uber's chief product officer, said at the conference that its route share feature is meant to help daily commuters save money.Using Uber could also get cheaper if a recession comes, Khosrowshahi said recently, since more people would be likely to turn to working for the app for income.Do you have a story to share about gig work? Contact this reporter at abitter@businessinsider.com or 808-854-4501. Recommended video #uber #has #new #plan #get

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Uber has a new plan to get you to use its app more: Cheaper ride and delivery options

Uber unveiled several features Wednesday geared toward saving users money. Anadolu/Anadolu Agency 2025-05-14T22:31:01Z Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Uber's newest features include options for cheaper rides and food delivery. Users will soon be able to find cheaper groceries and get a new type of shared ride in the app. CEO Dara Khosrowshahi has talked about the importance of getting users to order frequently. Uber's newest features could help you spend less on each ride or grocery order — particularly if you use the app frequently.The ride-hailing and delivery app unveiled multiple budget-focused offerings at its annual Go-Get conference, from a tool that finds cheaper groceries to a new kind of shared ride aimed at commuters that focuses on the busiest streets in an area.With the features, Uber wants to make "things a little easier, a little more predictable, and above all, a lot more affordable" for users, CEO Dara Khosrowshahi said at the conference Wednesday. The price-conscious features come as Uber tries to get existing customers to use its app more. Uber's latest quarterly results, which the company reported last week, were driven by "growth that's coming from engagement and frequency, not just price," Khosrowshahi said on aThe company is also seeing growth in the number of subscribers to Uber One, its paid subscription service that offers discounts and other perks on rides and delivery.One of the new features unveiled Wednesday is the Uber Eats Savings Slider. Customers will be able to add groceries to their basket, then use the slider to decide how much money they would like to save. As they increase the savings amount, the app will suggest cheaper versions of what they have selected.The feature could save users 15% to 20% on average and will be available later this year in the US and Canada, Rohan Mathew, Uber's senior director of delivery engineering, said at Go-Get."If I care how many swaps Uber makes, I can really crank up the savings," he said. In an example on stage, Mathew increased the savings amount, which swapped a blanket that he had selected for a Snuggy wearable blanket that was on sale.Uber is also adding an option it calls "Route Share" to its ride-hailing business. Under the offering, users can save as much as 50% on fares by walking longer distances to pick up points along major, busy streets and sharing rides with other passengers, the company said at its presentation.Route Share is "our most affordable ride offering yet" and "the perfect way to get to and from work without breaking the bank," Uber said in a statement summarizing the new features. Uber started offering the service on Wednesday in New York, San Francisco, Chicago, Philadelphia, Dallas, Boston, and Baltimore.Both Route Share and the grocery feature are aimed at users who would incorporate them into their daily or weekly routines.Uber's focus on savings and how much customers pay for its services comes as many consumer brands worry about a potential recession, driven in part by the lingering effects of President Donald Trump's tariffs on the economy.Uber itself has not reported evidence of a downturn, with customers still spending on ride-hailing trips and food deliveries. And Wednesday's presentation didn't include much talk of the state of the economy.But leaders at the conference made many references to savings, deals, and discounts. While introducing the savings slider feature, for instance, Mathew referenced grocery prices that have remained high thanks to inflation.And Sachin Kansal, Uber's chief product officer, said at the conference that its route share feature is meant to help daily commuters save money.Using Uber could also get cheaper if a recession comes, Khosrowshahi said recently, since more people would be likely to turn to working for the app for income.Do you have a story to share about gig work? Contact this reporter at abitter@businessinsider.com or 808-854-4501. Recommended video

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2025-05-14 21:58:16 ·

Trump’s drug pricing order puts Roche’s $50 billion U.S. investment plans at risk

U.S. President Donald Trump’s executive order on drug pricing threatens Roche’s planned billion investment in the United States, the company said on Wednesday.

Trump’s order, signed on Monday, directs drugmakers to lower prices of brand-name medicines to align with those in other wealthy nations. Analysts and legal experts say the policy would be difficult to implement.

“Should the proposed EOgo into effect, Roche’s ability to fund the significant investments previously announced in the U.S. will be in question,” the company said in a statement.

Roche said it did not expect the executive order to affect its business in 2025, and said it would continue engaging with the Trump administration and Congress.

Roche in April announced it would invest billion in the U.S. over the next five years, creating more than 12,000 jobs.

It is among several drugmakers, including Eli Lilly, Johnson & Johnson and Novartis, to announce large-scale U.S. investments in response to Trump’s push to onshore pharmaceutical manufacturing.

Novartis, another Switzerland-based big pharma company, said on Wednesday it had no plans to alter its U.S. investment strategy in response to the executive order.

“We are working both in the U.S. and Europe to advocate for necessary changes, including reducing the role of PBMsand correcting significantly low pricing in Europe,” the company said in an emailed statement to Reuters. “These discussions will take time, and we do not expect any changes to happen quickly.”

In the U.S., drug prices are shaped by complex negotiations involving PBMs that act as middlemen between drugmakers and health insurers and have been criticised for inflating costs. In Europe, countries generally have public health systems that negotiate directly with manufacturers and keep costs down.

Since taking office, Trump has repeatedly threatened to levy tariffs on medicines and his administration is conducting an investigation into imports of pharmaceuticals in an effort to impose tariffs on national security grounds.

—Maggie Fick, Reuters
#trumps #drug #pricing #order #puts

Trump’s drug pricing order puts Roche’s $50 billion U.S. investment plans at risk
U.S. President Donald Trump’s executive order on drug pricing threatens Roche’s planned billion investment in the United States, the company said on Wednesday. Trump’s order, signed on Monday, directs drugmakers to lower prices of brand-name medicines to align with those in other wealthy nations. Analysts and legal experts say the policy would be difficult to implement. “Should the proposed EOgo into effect, Roche’s ability to fund the significant investments previously announced in the U.S. will be in question,” the company said in a statement. Roche said it did not expect the executive order to affect its business in 2025, and said it would continue engaging with the Trump administration and Congress. Roche in April announced it would invest billion in the U.S. over the next five years, creating more than 12,000 jobs. It is among several drugmakers, including Eli Lilly, Johnson & Johnson and Novartis, to announce large-scale U.S. investments in response to Trump’s push to onshore pharmaceutical manufacturing. Novartis, another Switzerland-based big pharma company, said on Wednesday it had no plans to alter its U.S. investment strategy in response to the executive order. “We are working both in the U.S. and Europe to advocate for necessary changes, including reducing the role of PBMsand correcting significantly low pricing in Europe,” the company said in an emailed statement to Reuters. “These discussions will take time, and we do not expect any changes to happen quickly.” In the U.S., drug prices are shaped by complex negotiations involving PBMs that act as middlemen between drugmakers and health insurers and have been criticised for inflating costs. In Europe, countries generally have public health systems that negotiate directly with manufacturers and keep costs down. Since taking office, Trump has repeatedly threatened to levy tariffs on medicines and his administration is conducting an investigation into imports of pharmaceuticals in an effort to impose tariffs on national security grounds. —Maggie Fick, Reuters #trumps #drug #pricing #order #puts

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Trump’s drug pricing order puts Roche’s $50 billion U.S. investment plans at risk

U.S. President Donald Trump’s executive order on drug pricing threatens Roche’s planned $50 billion investment in the United States, the company said on Wednesday. Trump’s order, signed on Monday, directs drugmakers to lower prices of brand-name medicines to align with those in other wealthy nations. Analysts and legal experts say the policy would be difficult to implement. “Should the proposed EO (Executive Order) go into effect, Roche’s ability to fund the significant investments previously announced in the U.S. will be in question,” the company said in a statement. Roche said it did not expect the executive order to affect its business in 2025, and said it would continue engaging with the Trump administration and Congress. Roche in April announced it would invest $50 billion in the U.S. over the next five years, creating more than 12,000 jobs. It is among several drugmakers, including Eli Lilly, Johnson & Johnson and Novartis, to announce large-scale U.S. investments in response to Trump’s push to onshore pharmaceutical manufacturing. Novartis, another Switzerland-based big pharma company, said on Wednesday it had no plans to alter its U.S. investment strategy in response to the executive order. “We are working both in the U.S. and Europe to advocate for necessary changes, including reducing the role of PBMs (pharmacy benefit managers) and correcting significantly low pricing in Europe,” the company said in an emailed statement to Reuters. “These discussions will take time, and we do not expect any changes to happen quickly.” In the U.S., drug prices are shaped by complex negotiations involving PBMs that act as middlemen between drugmakers and health insurers and have been criticised for inflating costs. In Europe, countries generally have public health systems that negotiate directly with manufacturers and keep costs down. Since taking office, Trump has repeatedly threatened to levy tariffs on medicines and his administration is conducting an investigation into imports of pharmaceuticals in an effort to impose tariffs on national security grounds. —Maggie Fick, Reuters

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2025-05-14 19:36:11 ·

145% vs. 30%: Hasbro exec breaks down how the 'pleasant surprise' of Monday's China deal changed the company's plans

A Hasbro executive said the company halted price increases and production changes after Trump announced a deal with China.

Jonathan Wiggs/The Boston Globe via Getty Images

2025-05-14T18:30:11Z

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A Hasbro exec said the company's plans drastically changed after tariffs on China were paused.
She said the company halted pricing changes and plans to halt some production entirely.
Still, the toymaker exec said the environment is uncertain and "every day is a new adventure."

On Sunday, the toy maker Hasbro wasBy Monday, all of those calculations were different.Gina Goetter, Hasbro's Chief Financial Officer and Chief Operating Officer, said that President Donald Trump's decision to temporarily lower tariffs on China from 145% to 30% drastically altered the company's plans. She called the announcement a "pleasant surprise" at JP Morgan's Technology, Media, and Communications Conference.

"A 30% world is very different from a 145 on how we're treating decisions like pricing, how we're treating allowances, how we're working with our retailers on promotions," Goetter said at the conference on Wednesday.Agility, she said, has been key in making decisions in the current environment.Hasbro, which produces Nerf guns and Play-Doh, had been planning to change the pricing of some products when the 145% tariffs were in place, Goetter said.Now, many of the pricing moves have been paused, though Goetter said some will still go through where it makes sense."What Monday's announcement allows us for is to go back to those products where we were taking pricing and be very thoughtful," she said.Beyond upping some prices, Hasbro had planned to stop making some products altogether because the new manufacturing math simply didn't work. Goetter said on Wednesday that thePlans to reconsider manufacturing are now themselves being reconsidered, Goetter said. Hasbro makes many of its board games in the US, she said, and though the company is "actively exploring" what else it can produce domestically, Monday's announcement changes that calculus as well.Ultimately, Goetter said the math is just quite different, at least for now. Hasbro had previously predicted that 145% tariffs could shave off million from the company's yearly net profits, and Goetter said that the new 30% tax brings that closer number to between and million.Given that the current agreement is temporary and the trade environment remains volatile, Goetter acknowledged that no decision is final."In the tariff world, every day is a new adventure," she said.

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#hasbro #exec #breaks #down #how

145% vs. 30%: Hasbro exec breaks down how the 'pleasant surprise' of Monday's China deal changed the company's plans
A Hasbro executive said the company halted price increases and production changes after Trump announced a deal with China. Jonathan Wiggs/The Boston Globe via Getty Images 2025-05-14T18:30:11Z d Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? A Hasbro exec said the company's plans drastically changed after tariffs on China were paused. She said the company halted pricing changes and plans to halt some production entirely. Still, the toymaker exec said the environment is uncertain and "every day is a new adventure." On Sunday, the toy maker Hasbro wasBy Monday, all of those calculations were different.Gina Goetter, Hasbro's Chief Financial Officer and Chief Operating Officer, said that President Donald Trump's decision to temporarily lower tariffs on China from 145% to 30% drastically altered the company's plans. She called the announcement a "pleasant surprise" at JP Morgan's Technology, Media, and Communications Conference. "A 30% world is very different from a 145 on how we're treating decisions like pricing, how we're treating allowances, how we're working with our retailers on promotions," Goetter said at the conference on Wednesday.Agility, she said, has been key in making decisions in the current environment.Hasbro, which produces Nerf guns and Play-Doh, had been planning to change the pricing of some products when the 145% tariffs were in place, Goetter said.Now, many of the pricing moves have been paused, though Goetter said some will still go through where it makes sense."What Monday's announcement allows us for is to go back to those products where we were taking pricing and be very thoughtful," she said.Beyond upping some prices, Hasbro had planned to stop making some products altogether because the new manufacturing math simply didn't work. Goetter said on Wednesday that thePlans to reconsider manufacturing are now themselves being reconsidered, Goetter said. Hasbro makes many of its board games in the US, she said, and though the company is "actively exploring" what else it can produce domestically, Monday's announcement changes that calculus as well.Ultimately, Goetter said the math is just quite different, at least for now. Hasbro had previously predicted that 145% tariffs could shave off million from the company's yearly net profits, and Goetter said that the new 30% tax brings that closer number to between and million.Given that the current agreement is temporary and the trade environment remains volatile, Goetter acknowledged that no decision is final."In the tariff world, every day is a new adventure," she said. Recommended video #hasbro #exec #breaks #down #how

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145% vs. 30%: Hasbro exec breaks down how the 'pleasant surprise' of Monday's China deal changed the company's plans

A Hasbro executive said the company halted price increases and production changes after Trump announced a deal with China. Jonathan Wiggs/The Boston Globe via Getty Images 2025-05-14T18:30:11Z Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? A Hasbro exec said the company's plans drastically changed after tariffs on China were paused. She said the company halted pricing changes and plans to halt some production entirely. Still, the toymaker exec said the environment is uncertain and "every day is a new adventure." On Sunday, the toy maker Hasbro wasBy Monday, all of those calculations were different.Gina Goetter, Hasbro's Chief Financial Officer and Chief Operating Officer, said that President Donald Trump's decision to temporarily lower tariffs on China from 145% to 30% drastically altered the company's plans. She called the announcement a "pleasant surprise" at JP Morgan's Technology, Media, and Communications Conference. "A 30% world is very different from a 145 on how we're treating decisions like pricing, how we're treating allowances, how we're working with our retailers on promotions," Goetter said at the conference on Wednesday.Agility, she said, has been key in making decisions in the current environment.Hasbro, which produces Nerf guns and Play-Doh, had been planning to change the pricing of some products when the 145% tariffs were in place, Goetter said.Now, many of the pricing moves have been paused, though Goetter said some will still go through where it makes sense."What Monday's announcement allows us for is to go back to those products where we were taking pricing and be very thoughtful," she said.Beyond upping some prices, Hasbro had planned to stop making some products altogether because the new manufacturing math simply didn't work. Goetter said on Wednesday that thePlans to reconsider manufacturing are now themselves being reconsidered, Goetter said. Hasbro makes many of its board games in the US, she said, and though the company is "actively exploring" what else it can produce domestically, Monday's announcement changes that calculus as well.Ultimately, Goetter said the math is just quite different, at least for now. Hasbro had previously predicted that 145% tariffs could shave off $180 million from the company's yearly net profits, and Goetter said that the new 30% tax brings that closer number to between $50 and $70 million.Given that the current agreement is temporary and the trade environment remains volatile, Goetter acknowledged that no decision is final."In the tariff world, every day is a new adventure," she said. Recommended video

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Game Developer A distribuit un link

2025-05-14 19:17:16 ·

Sony may 'pass on' Trump tariffs to customers, is considering US manufacturing on hardware

Sony told investors that it is considering to "pass on" the cost of the US tariffs imposed by the Trump administration to hardware prices—including the PlayStation 5 and affiliated devices—which is currently projected to be a 100 billion yenimpact.As noted during the company‛s investors call around the fiscal report for the 12 months ended March 31, 2025, Sony CFO Lin Tao said that tariffs include the hardware business, which includes games and semiconductors. This is in reference to the 145 percent tariff imposed on China, where Sony manufactures the majority of its hardware, which includes TVs, cameras, microphones, and of course the PlayStation product line. "We‛re not just simply calculating the tariff to come up with 100 billion yen, but thinking about the currently available information and also looking at the market trend, we might pass on to the price and also shipment allocation, so we‛re taking different measures in managing to come up with the 100 billion figure," Tao said via a translator.As pointed out by senior vice president Sadahiko Hayakawa, the 100 billion figure may not be reflecting this week‛s reduction between China and the US. This is referencing an announcement on May 12 that led to a temporary US tariff reduction of 145 to 30 percent on Chinese imports, which will be in effect for 90 days.Related:In addition, president and CEO Hiroki Totoki answered a question regarding the possibility of moving hardware manufacturing to the US, saying that "these hardwaresof course can be produced locally," and that "it would be an efficient strategy.""But PS5 arebeing manufactured in many areas, whether it's going to be manufactured in the US or not it needs to be considered going forward. We‛re not in such a critical situation," he added.Niko Partners analyst Daniel Ahmad recently noted to Game Developer in an interview that Sony has "some" PlayStation 5 console manufacturing in Japan, but that it's "limited." "That will take months to convert everything for US production," he added.He described Sony as being "one year behind" Switch 2 developer Nintendo in terms of diversifying its manufacturing capabilities, with the bulk of its production taking place in China. Nintendo—which is still grappling with the impact of the Trump administration-imposed tariffs—moved much of its US-focused manufacturing to Vietnam after 2019.Sony noted in its presentation that it is "diversifying" PlayStation 5 manufacturing hubs and stockpiling inventory in the US.Related:Throughout the fiscal year ended March 31, 2025, Sony shipped 18.5 million PS5 consoles, bringing the total to 77.7 million lifetime shipments since November 2020. This is down from last year‛s 20.8 million units. The company saw an increase in sales of non-first-party games, including add-on content, as well as sales from network services, resulting in a nine percent increase in the gaming sector. As noted in the previous quarterly fiscal report, first-party titles sales saw a decline.Despite a decline in sales, Sony has already increased the price of the PS5 in other marketsThe decline in PS5 sales traces back to Sony Q1 FY24's fiscal report back in August 2024, a period in which hardware sales totaled 2.4 million units compared to 3.3 million in Q1 FY23. In November 2024, a report stated that Sony is working on a standalone handheld device capable of running PS5 games on the move—as opposed to the PlayStation Portal, which relies on cloud streaming. The company didn't mention the reported console in its plans for the upcoming fiscal year.Meanwhile, the company raised the price of the PS5 in Europe, Australia, New Zealand, EMEA, and the UK in April of this year as a response to a "challenging economic environment," pointing out "high inflation" and "fluctuating exchange rates" in the announcement post. A few days later, Xbox announced an increase in consoles, accessories, and some upcoming first-party titles.Related:When Sony announced the decline in PS5 sales during Q1 FY24, it said that it was offset by first-party game sales. Now, it's third-party games that helped to tip the scale. After the company won't have a projected revenue from several cancelled live service games, it seems it will have to adapt.Upcoming first-party titles includes Bungie's Marathon and Sucker Punch Productions Ghost of Yōtei, in addition to a multiplayer game with live service elements from new first-party studio teamLFG, which was spun out of Bungie.
#sony #039pass #on039 #trump #tariffs

Sony may 'pass on' Trump tariffs to customers, is considering US manufacturing on hardware
Sony told investors that it is considering to "pass on" the cost of the US tariffs imposed by the Trump administration to hardware prices—including the PlayStation 5 and affiliated devices—which is currently projected to be a 100 billion yenimpact.As noted during the company‛s investors call around the fiscal report for the 12 months ended March 31, 2025, Sony CFO Lin Tao said that tariffs include the hardware business, which includes games and semiconductors. This is in reference to the 145 percent tariff imposed on China, where Sony manufactures the majority of its hardware, which includes TVs, cameras, microphones, and of course the PlayStation product line. "We‛re not just simply calculating the tariff to come up with 100 billion yen, but thinking about the currently available information and also looking at the market trend, we might pass on to the price and also shipment allocation, so we‛re taking different measures in managing to come up with the 100 billion figure," Tao said via a translator.As pointed out by senior vice president Sadahiko Hayakawa, the 100 billion figure may not be reflecting this week‛s reduction between China and the US. This is referencing an announcement on May 12 that led to a temporary US tariff reduction of 145 to 30 percent on Chinese imports, which will be in effect for 90 days.Related:In addition, president and CEO Hiroki Totoki answered a question regarding the possibility of moving hardware manufacturing to the US, saying that "these hardwaresof course can be produced locally," and that "it would be an efficient strategy.""But PS5 arebeing manufactured in many areas, whether it's going to be manufactured in the US or not it needs to be considered going forward. We‛re not in such a critical situation," he added.Niko Partners analyst Daniel Ahmad recently noted to Game Developer in an interview that Sony has "some" PlayStation 5 console manufacturing in Japan, but that it's "limited." "That will take months to convert everything for US production," he added.He described Sony as being "one year behind" Switch 2 developer Nintendo in terms of diversifying its manufacturing capabilities, with the bulk of its production taking place in China. Nintendo—which is still grappling with the impact of the Trump administration-imposed tariffs—moved much of its US-focused manufacturing to Vietnam after 2019.Sony noted in its presentation that it is "diversifying" PlayStation 5 manufacturing hubs and stockpiling inventory in the US.Related:Throughout the fiscal year ended March 31, 2025, Sony shipped 18.5 million PS5 consoles, bringing the total to 77.7 million lifetime shipments since November 2020. This is down from last year‛s 20.8 million units. The company saw an increase in sales of non-first-party games, including add-on content, as well as sales from network services, resulting in a nine percent increase in the gaming sector. As noted in the previous quarterly fiscal report, first-party titles sales saw a decline.Despite a decline in sales, Sony has already increased the price of the PS5 in other marketsThe decline in PS5 sales traces back to Sony Q1 FY24's fiscal report back in August 2024, a period in which hardware sales totaled 2.4 million units compared to 3.3 million in Q1 FY23. In November 2024, a report stated that Sony is working on a standalone handheld device capable of running PS5 games on the move—as opposed to the PlayStation Portal, which relies on cloud streaming. The company didn't mention the reported console in its plans for the upcoming fiscal year.Meanwhile, the company raised the price of the PS5 in Europe, Australia, New Zealand, EMEA, and the UK in April of this year as a response to a "challenging economic environment," pointing out "high inflation" and "fluctuating exchange rates" in the announcement post. A few days later, Xbox announced an increase in consoles, accessories, and some upcoming first-party titles.Related:When Sony announced the decline in PS5 sales during Q1 FY24, it said that it was offset by first-party game sales. Now, it's third-party games that helped to tip the scale. After the company won't have a projected revenue from several cancelled live service games, it seems it will have to adapt.Upcoming first-party titles includes Bungie's Marathon and Sucker Punch Productions Ghost of Yōtei, in addition to a multiplayer game with live service elements from new first-party studio teamLFG, which was spun out of Bungie. #sony #039pass #on039 #trump #tariffs

WWW.GAMEDEVELOPER.COM

Sony may 'pass on' Trump tariffs to customers, is considering US manufacturing on hardware

Sony told investors that it is considering to "pass on" the cost of the US tariffs imposed by the Trump administration to hardware prices—including the PlayStation 5 and affiliated devices—which is currently projected to be a 100 billion yen ($680 million) impact.As noted during the company‛s investors call around the fiscal report for the 12 months ended March 31, 2025, Sony CFO Lin Tao said that tariffs include the hardware business, which includes games and semiconductors. This is in reference to the 145 percent tariff imposed on China, where Sony manufactures the majority of its hardware, which includes TVs, cameras, microphones, and of course the PlayStation product line. "We‛re not just simply calculating the tariff to come up with 100 billion yen, but thinking about the currently available information and also looking at the market trend, we might pass on to the price and also shipment allocation, so we‛re taking different measures in managing to come up with the 100 billion figure," Tao said via a translator.As pointed out by senior vice president Sadahiko Hayakawa, the 100 billion figure may not be reflecting this week‛s reduction between China and the US. This is referencing an announcement on May 12 that led to a temporary US tariff reduction of 145 to 30 percent on Chinese imports, which will be in effect for 90 days.Related:In addition, president and CEO Hiroki Totoki answered a question regarding the possibility of moving hardware manufacturing to the US, saying that "these hardwares [sic] of course can be produced locally," and that "it would be an efficient strategy.""But PS5 are [sic] being manufactured in many areas, whether it's going to be manufactured in the US or not it needs to be considered going forward. We‛re not in such a critical situation," he added.Niko Partners analyst Daniel Ahmad recently noted to Game Developer in an interview that Sony has "some" PlayStation 5 console manufacturing in Japan, but that it's "limited." "That will take months to convert everything for US production," he added.He described Sony as being "one year behind" Switch 2 developer Nintendo in terms of diversifying its manufacturing capabilities, with the bulk of its production taking place in China. Nintendo—which is still grappling with the impact of the Trump administration-imposed tariffs—moved much of its US-focused manufacturing to Vietnam after 2019.Sony noted in its presentation that it is "diversifying" PlayStation 5 manufacturing hubs and stockpiling inventory in the US.Related:Throughout the fiscal year ended March 31, 2025, Sony shipped 18.5 million PS5 consoles, bringing the total to 77.7 million lifetime shipments since November 2020. This is down from last year‛s 20.8 million units. The company saw an increase in sales of non-first-party games, including add-on content, as well as sales from network services, resulting in a nine percent increase in the gaming sector. As noted in the previous quarterly fiscal report, first-party titles sales saw a decline.Despite a decline in sales, Sony has already increased the price of the PS5 in other marketsThe decline in PS5 sales traces back to Sony Q1 FY24's fiscal report back in August 2024, a period in which hardware sales totaled 2.4 million units compared to 3.3 million in Q1 FY23. In November 2024, a report stated that Sony is working on a standalone handheld device capable of running PS5 games on the move—as opposed to the PlayStation Portal, which relies on cloud streaming. The company didn't mention the reported console in its plans for the upcoming fiscal year.Meanwhile, the company raised the price of the PS5 in Europe, Australia, New Zealand, EMEA, and the UK in April of this year as a response to a "challenging economic environment," pointing out "high inflation" and "fluctuating exchange rates" in the announcement post. A few days later, Xbox announced an increase in consoles, accessories, and some upcoming first-party titles.Related:When Sony announced the decline in PS5 sales during Q1 FY24, it said that it was offset by first-party game sales. Now, it's third-party games that helped to tip the scale. After the company won't have a projected revenue from several cancelled live service games, it seems it will have to adapt.Upcoming first-party titles includes Bungie's Marathon and Sucker Punch Productions Ghost of Yōtei, in addition to a multiplayer game with live service elements from new first-party studio teamLFG, which was spun out of Bungie.

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2025-05-14 17:31:31 ·

Sony considering all options in face of tariffs — even making PS5 in the US

Presenting Sony’s latest financial report to investors on Wednesday, executives at the company were inevitably asked about the impact of President Donald Trump’s tariffs on the business, and how they were going to respond. They had a number of different answers, including raising prices — and, incredibly, they did not dismiss the idea of manufacturing PlayStation 5 in the U.S. out of hand.“Gaming consolescan be produced locally. I think that would be an efficient strategy,” said Sony’s president and CEO Hiroki Totoki. “Whetheris going to be manufactured in the U.S. or not needs to be considered.”It’s a remarkable statement, since it would likely take years and serious investment for Sony to create manufacturing capability for PS5 in America. But Totoki’s words are a sign that in the current unpredictable situation, nothing is off the table, and no ideas are bad ideas.A more expected move might be to raise prices, and Sony admitted this was also a possibility, albeit in the vaguest possible terms. Chief financial officer Lin Tao said Sony was looking at a financial impact of 100 billion yenfrom tariffs across its divisions. “We may pass on to the price,” she said, without singling out PS5 in particular. But she also said Sony was taking different measures, like shipment allocations, to mitigate the impact of tariffs.Case in point: Tao said that Sony has a stockpile of PS5 consoles in the U.S. that should last for three months. This will allow it to wait out the situation for a while and see what happens, and may mean that a PS5 price increase is still months away, if it’s coming at all.The PS5 is largely manufactured in China, which the Trump administration has subjected to higher tariffs than most other countries. This week, in a temporary de-escalation, the U.S. reduced its tariff rate on Chinese imports from 145% to 30% for the next 90 days. That’s encouraging news, but it also highlights the unpredictability of the situation — which is what has electronics manufacturers like Sony and Nintendo scrambling for answers. On Tuesday, Nintendo essentially said that it would take a hit on tariffs rather than raising prices as it usually would, because it was in the launch year for the Switch 2 and didn’t want to slow down the new console’s momentum.In summary: Company executives are as clueless about what’s going on as the rest of us and are mostly heading steady and hoping for the best. As analyst Mat Piscatella put it on Bluesky: “Big takeaway from latest video game earnings statements around the tariff situation is that a) no one is confident in predicting what will happen next b) folks are carrying multiple scenario plans, but trying to stay the course if possible c) everyone is hoping it all just goes away.”Well, we can all relate to that.See More:
#sony #considering #all #options #face

Sony considering all options in face of tariffs — even making PS5 in the US
Presenting Sony’s latest financial report to investors on Wednesday, executives at the company were inevitably asked about the impact of President Donald Trump’s tariffs on the business, and how they were going to respond. They had a number of different answers, including raising prices — and, incredibly, they did not dismiss the idea of manufacturing PlayStation 5 in the U.S. out of hand.“Gaming consolescan be produced locally. I think that would be an efficient strategy,” said Sony’s president and CEO Hiroki Totoki. “Whetheris going to be manufactured in the U.S. or not needs to be considered.”It’s a remarkable statement, since it would likely take years and serious investment for Sony to create manufacturing capability for PS5 in America. But Totoki’s words are a sign that in the current unpredictable situation, nothing is off the table, and no ideas are bad ideas.A more expected move might be to raise prices, and Sony admitted this was also a possibility, albeit in the vaguest possible terms. Chief financial officer Lin Tao said Sony was looking at a financial impact of 100 billion yenfrom tariffs across its divisions. “We may pass on to the price,” she said, without singling out PS5 in particular. But she also said Sony was taking different measures, like shipment allocations, to mitigate the impact of tariffs.Case in point: Tao said that Sony has a stockpile of PS5 consoles in the U.S. that should last for three months. This will allow it to wait out the situation for a while and see what happens, and may mean that a PS5 price increase is still months away, if it’s coming at all.The PS5 is largely manufactured in China, which the Trump administration has subjected to higher tariffs than most other countries. This week, in a temporary de-escalation, the U.S. reduced its tariff rate on Chinese imports from 145% to 30% for the next 90 days. That’s encouraging news, but it also highlights the unpredictability of the situation — which is what has electronics manufacturers like Sony and Nintendo scrambling for answers. On Tuesday, Nintendo essentially said that it would take a hit on tariffs rather than raising prices as it usually would, because it was in the launch year for the Switch 2 and didn’t want to slow down the new console’s momentum.In summary: Company executives are as clueless about what’s going on as the rest of us and are mostly heading steady and hoping for the best. As analyst Mat Piscatella put it on Bluesky: “Big takeaway from latest video game earnings statements around the tariff situation is that a) no one is confident in predicting what will happen next b) folks are carrying multiple scenario plans, but trying to stay the course if possible c) everyone is hoping it all just goes away.”Well, we can all relate to that.See More: #sony #considering #all #options #face

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Sony considering all options in face of tariffs — even making PS5 in the US

Presenting Sony’s latest financial report to investors on Wednesday, executives at the company were inevitably asked about the impact of President Donald Trump’s tariffs on the business, and how they were going to respond. They had a number of different answers, including raising prices — and, incredibly, they did not dismiss the idea of manufacturing PlayStation 5 in the U.S. out of hand.“Gaming consoles […] can be produced locally. I think that would be an efficient strategy,” said Sony’s president and CEO Hiroki Totoki. “Whether [PS5] is going to be manufactured in the U.S. or not needs to be considered.”It’s a remarkable statement, since it would likely take years and serious investment for Sony to create manufacturing capability for PS5 in America. But Totoki’s words are a sign that in the current unpredictable situation, nothing is off the table, and no ideas are bad ideas.A more expected move might be to raise prices, and Sony admitted this was also a possibility, albeit in the vaguest possible terms. Chief financial officer Lin Tao said Sony was looking at a financial impact of 100 billion yen (about $684 million) from tariffs across its divisions. “We may pass on to the price,” she said, without singling out PS5 in particular. But she also said Sony was taking different measures, like shipment allocations, to mitigate the impact of tariffs.Case in point: Tao said that Sony has a stockpile of PS5 consoles in the U.S. that should last for three months. This will allow it to wait out the situation for a while and see what happens, and may mean that a PS5 price increase is still months away, if it’s coming at all.The PS5 is largely manufactured in China, which the Trump administration has subjected to higher tariffs than most other countries. This week, in a temporary de-escalation, the U.S. reduced its tariff rate on Chinese imports from 145% to 30% for the next 90 days. That’s encouraging news, but it also highlights the unpredictability of the situation — which is what has electronics manufacturers like Sony and Nintendo scrambling for answers. On Tuesday, Nintendo essentially said that it would take a hit on tariffs rather than raising prices as it usually would, because it was in the launch year for the Switch 2 and didn’t want to slow down the new console’s momentum.In summary: Company executives are as clueless about what’s going on as the rest of us and are mostly heading steady and hoping for the best. As analyst Mat Piscatella put it on Bluesky: “Big takeaway from latest video game earnings statements around the tariff situation is that a) no one is confident in predicting what will happen next b) folks are carrying multiple scenario plans, but trying to stay the course if possible c) everyone is hoping it all just goes away.”Well, we can all relate to that.See More:

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TechSpot A distribuit un link

2025-05-14 16:31:10 ·

Sony PS5 sales hit 77 million units, almost on par with PS4's at same point

In brief: Sony has revealed that despite all the problems the PlayStation 5 faced during its pandemic-era launch, the console has now sold almost as many units as the PlayStation 4 at the same point in its predecessor's life.
In its latest earnings report, Sony said that the PS5 has now sold 77.8 million units since it launched in November 2020. That's just 1.2 million units fewer than the PS4 had managed four-and-a-half years after it was released in November 2013.
It's an especially impressive statistic when you remember the PS5 launch. Arriving in the middle of a global pandemic led to fears that it would be delayed, and while it did release as planned, the chip crisis, logistical issues, pre-order and restocking problems, and scalpers created a perfect storm that was a nightmare for Sony and gamers. Getting hold of one was almost impossible, and it wasn't until around mid-2023 that supply normalized.
Sony said it sold 2.8 million PS5 consoles in the three months ending March 31, 2025. That brings the total for the financial year to 18.5 million, a decline of more than 2 million compared to the 20.8 million sold in the previous financial period.
On the list of best-selling consoles of all time, the PS5 is now in 13th place. It still has a long way to go to catch the PlayStation 4's lifetime total sales of 117.2 million.
List of Best-Selling Consoles of All Time

Sony believes it will sell 15 million PS5 consoles this year, marking another yearly decline. That figure likely would have been higher were it not for Grand Theft Auto VI being delayed from its original fall release to May 26, 2026.
Something else that could hinder sales this year is the PlayStation 5 price hikes. Sony increased the price of the console in Europe, Australia, and New Zealand in April, blaming a challenging economic environment that includes both high inflation and fluctuating exchange rates.
// Related Stories

During the same financial call where it revealed the latest PS5 sales figures, Sony said that Trump's tariffs were likely to impact its operating income to the tune of 100 billion yen, or around million. As such, the company plans to pass the cost onto consumers in the form of higher prices on its products, including the PS5. CEO Hiroki Totoki also said that Sony was considering manufacturing the console in the US due to the tariffs.
#sony #ps5 #sales #hit #million

Sony PS5 sales hit 77 million units, almost on par with PS4's at same point
In brief: Sony has revealed that despite all the problems the PlayStation 5 faced during its pandemic-era launch, the console has now sold almost as many units as the PlayStation 4 at the same point in its predecessor's life. In its latest earnings report, Sony said that the PS5 has now sold 77.8 million units since it launched in November 2020. That's just 1.2 million units fewer than the PS4 had managed four-and-a-half years after it was released in November 2013. It's an especially impressive statistic when you remember the PS5 launch. Arriving in the middle of a global pandemic led to fears that it would be delayed, and while it did release as planned, the chip crisis, logistical issues, pre-order and restocking problems, and scalpers created a perfect storm that was a nightmare for Sony and gamers. Getting hold of one was almost impossible, and it wasn't until around mid-2023 that supply normalized. Sony said it sold 2.8 million PS5 consoles in the three months ending March 31, 2025. That brings the total for the financial year to 18.5 million, a decline of more than 2 million compared to the 20.8 million sold in the previous financial period. On the list of best-selling consoles of all time, the PS5 is now in 13th place. It still has a long way to go to catch the PlayStation 4's lifetime total sales of 117.2 million. List of Best-Selling Consoles of All Time Sony believes it will sell 15 million PS5 consoles this year, marking another yearly decline. That figure likely would have been higher were it not for Grand Theft Auto VI being delayed from its original fall release to May 26, 2026. Something else that could hinder sales this year is the PlayStation 5 price hikes. Sony increased the price of the console in Europe, Australia, and New Zealand in April, blaming a challenging economic environment that includes both high inflation and fluctuating exchange rates. // Related Stories During the same financial call where it revealed the latest PS5 sales figures, Sony said that Trump's tariffs were likely to impact its operating income to the tune of 100 billion yen, or around million. As such, the company plans to pass the cost onto consumers in the form of higher prices on its products, including the PS5. CEO Hiroki Totoki also said that Sony was considering manufacturing the console in the US due to the tariffs. #sony #ps5 #sales #hit #million

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Sony PS5 sales hit 77 million units, almost on par with PS4's at same point

In brief: Sony has revealed that despite all the problems the PlayStation 5 faced during its pandemic-era launch, the console has now sold almost as many units as the PlayStation 4 at the same point in its predecessor's life. In its latest earnings report, Sony said that the PS5 has now sold 77.8 million units since it launched in November 2020. That's just 1.2 million units fewer than the PS4 had managed four-and-a-half years after it was released in November 2013. It's an especially impressive statistic when you remember the PS5 launch. Arriving in the middle of a global pandemic led to fears that it would be delayed, and while it did release as planned, the chip crisis, logistical issues, pre-order and restocking problems, and scalpers created a perfect storm that was a nightmare for Sony and gamers. Getting hold of one was almost impossible, and it wasn't until around mid-2023 that supply normalized. Sony said it sold 2.8 million PS5 consoles in the three months ending March 31, 2025. That brings the total for the financial year to 18.5 million, a decline of more than 2 million compared to the 20.8 million sold in the previous financial period. On the list of best-selling consoles of all time, the PS5 is now in 13th place. It still has a long way to go to catch the PlayStation 4's lifetime total sales of 117.2 million. List of Best-Selling Consoles of All Time Sony believes it will sell 15 million PS5 consoles this year, marking another yearly decline. That figure likely would have been higher were it not for Grand Theft Auto VI being delayed from its original fall release to May 26, 2026. Something else that could hinder sales this year is the PlayStation 5 price hikes. Sony increased the price of the console in Europe, Australia, and New Zealand in April, blaming a challenging economic environment that includes both high inflation and fluctuating exchange rates. // Related Stories During the same financial call where it revealed the latest PS5 sales figures, Sony said that Trump's tariffs were likely to impact its operating income to the tune of 100 billion yen, or around $680 million. As such, the company plans to pass the cost onto consumers in the form of higher prices on its products, including the PS5. CEO Hiroki Totoki also said that Sony was considering manufacturing the console in the US due to the tariffs.

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VideoGamer.com A distribuit un link

2025-05-14 16:22:38 ·

PS Plus Extra, Premium May 2025 games revealed with over 20 big games leaving

You can trust VideoGamer. Our team of gaming experts spend hours testing and reviewing the latest games, to ensure you're reading the most comprehensive guide possible. Rest assured, all imagery and advice is unique and original. Check out how we test and review games here

Contents
hide

The PS Plus May 2025 Essential games are available to grab right now. These include the excellent Balatro, the ARK Survival Ascended remake, and the fun Warhammer 40K Bolt Gun. While this month’s Essential selection is fantastic, Sony has just revealed the PS Plus Extra and Premium May 2025 games. These will be added to the subscription tiers soon, but at the expense of over 20 games leaving.
PS Plus May 2025 Extra games
Below are the PS Plus May 2025 games getting added to the Extra tier:

Sand Land
Soul Hackers 2
Five Nights At Freddy’s Help Wanted – Full Time Edition
Battlefield V
S.T.A.L.K.E.R.: Legends of the Zone Trilogy
Granblue Fantasy Versus: Rising
Humankind
Story of Seasons: A Wonderful Life
Gloomhaven Mercenaries Edition

PS Plus May 2025 Premium games
And below are the Premium games:

Battle Engine Aquila

Release date
The release date for the new PS Plus May 2025 Extra and Premium games is May 20th. There are some great titles getting added for both tiers, so they are exciting additions.
Once the games have joined Sony’s subscription service, we then have May 28th to look forward to. This is when Sony will pull the curtain aside on the PS Plus June 2025 Essential games that are set to be released on June 3rd as per the PlayStation Blog.
There are no leaks for next month as of writing, but it’s already confirmed that FBC Firebreak is joining PS Plus day-one next month. It’s a co-op multiplayer shooter from Remedy, and it is set in the universe of Control. It looks fantastic, and it’s good that Sony is providing more day-one releases following in the footsteps of Blue Prince and Lost Records Bloom and Rage.
Games leaving PS Plus Extra and Premium in May 2025
Below are all games leaving PS Pus Extra and Premium on May 20th:

Grand Theft Auto V MotoGP 24 The Sims 4: Island Living Resistance: Fall of Man — Premium
Resistance 2 — Premium
Walkabout Mini Golf — Premium
Synth Riders — Premium
Ghostbusters: Rise of the Ghost Lord — Premium
Before Your Eyes — Premium
The Walking Dead: Saints & Sinners — Premium
The Walking Dead: Saints & Sinners – Chapter 2: Retribution — Premium
LEGO Marvel Super Heroes 2 Stranded: Alien Dawn The LEGO Movie 2 Videogame Ghostrunner Payday 2: Crimewave Edition Bloodstained: Ritual of the Night Journey to the Savage Planet Portal Knights Enter the Gungeon Batman: Arkham Knight inFAMOUS: Second Son There are lot of big names listed above. It’s sad to see the departure of PlayStation IPs, InFamous and Resistance, and it’s also sad to see the departure of GTA 5, especially in wake of the delay to GTA 6. Batman Arkham Knight is another huge departure, meanwhile, so too are Journey to the Savage Planet, Payday 2, Ghostrunner, Bloodstained, and others.
In addition to the above departures for Extra and Premium, don’t forget to claim the following Essential games before they leave on June 3rd:

Balatro
Warhammer 40K Boltgun
ARK Survival Ascended

In other PlayStation news, Sony is considering even more price increases in response to US tariffs, and there are rumors of a PlayStation Showcase or State of Play happening very soon.

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PS Plus Extra, Premium May 2025 games revealed with over 20 big games leaving
You can trust VideoGamer. Our team of gaming experts spend hours testing and reviewing the latest games, to ensure you're reading the most comprehensive guide possible. Rest assured, all imagery and advice is unique and original. Check out how we test and review games here Contents hide The PS Plus May 2025 Essential games are available to grab right now. These include the excellent Balatro, the ARK Survival Ascended remake, and the fun Warhammer 40K Bolt Gun. While this month’s Essential selection is fantastic, Sony has just revealed the PS Plus Extra and Premium May 2025 games. These will be added to the subscription tiers soon, but at the expense of over 20 games leaving. PS Plus May 2025 Extra games Below are the PS Plus May 2025 games getting added to the Extra tier: Sand Land Soul Hackers 2 Five Nights At Freddy’s Help Wanted – Full Time Edition Battlefield V S.T.A.L.K.E.R.: Legends of the Zone Trilogy Granblue Fantasy Versus: Rising Humankind Story of Seasons: A Wonderful Life Gloomhaven Mercenaries Edition PS Plus May 2025 Premium games And below are the Premium games: Battle Engine Aquila Release date The release date for the new PS Plus May 2025 Extra and Premium games is May 20th. There are some great titles getting added for both tiers, so they are exciting additions. Once the games have joined Sony’s subscription service, we then have May 28th to look forward to. This is when Sony will pull the curtain aside on the PS Plus June 2025 Essential games that are set to be released on June 3rd as per the PlayStation Blog. There are no leaks for next month as of writing, but it’s already confirmed that FBC Firebreak is joining PS Plus day-one next month. It’s a co-op multiplayer shooter from Remedy, and it is set in the universe of Control. It looks fantastic, and it’s good that Sony is providing more day-one releases following in the footsteps of Blue Prince and Lost Records Bloom and Rage. Games leaving PS Plus Extra and Premium in May 2025 Below are all games leaving PS Pus Extra and Premium on May 20th: Grand Theft Auto V MotoGP 24 The Sims 4: Island Living Resistance: Fall of Man — Premium Resistance 2 — Premium Walkabout Mini Golf — Premium Synth Riders — Premium Ghostbusters: Rise of the Ghost Lord — Premium Before Your Eyes — Premium The Walking Dead: Saints & Sinners — Premium The Walking Dead: Saints & Sinners – Chapter 2: Retribution — Premium LEGO Marvel Super Heroes 2 Stranded: Alien Dawn The LEGO Movie 2 Videogame Ghostrunner Payday 2: Crimewave Edition Bloodstained: Ritual of the Night Journey to the Savage Planet Portal Knights Enter the Gungeon Batman: Arkham Knight inFAMOUS: Second Son There are lot of big names listed above. It’s sad to see the departure of PlayStation IPs, InFamous and Resistance, and it’s also sad to see the departure of GTA 5, especially in wake of the delay to GTA 6. Batman Arkham Knight is another huge departure, meanwhile, so too are Journey to the Savage Planet, Payday 2, Ghostrunner, Bloodstained, and others. In addition to the above departures for Extra and Premium, don’t forget to claim the following Essential games before they leave on June 3rd: Balatro Warhammer 40K Boltgun ARK Survival Ascended In other PlayStation news, Sony is considering even more price increases in response to US tariffs, and there are rumors of a PlayStation Showcase or State of Play happening very soon. Subscribe to our newsletters! By subscribing, you agree to our Privacy Policy and may receive occasional deal communications; you can unsubscribe anytime. Share #plus #extra #premium #games #revealed

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PS Plus Extra, Premium May 2025 games revealed with over 20 big games leaving

You can trust VideoGamer. Our team of gaming experts spend hours testing and reviewing the latest games, to ensure you're reading the most comprehensive guide possible. Rest assured, all imagery and advice is unique and original. Check out how we test and review games here Contents hide The PS Plus May 2025 Essential games are available to grab right now. These include the excellent Balatro, the ARK Survival Ascended remake, and the fun Warhammer 40K Bolt Gun. While this month’s Essential selection is fantastic, Sony has just revealed the PS Plus Extra and Premium May 2025 games. These will be added to the subscription tiers soon, but at the expense of over 20 games leaving. PS Plus May 2025 Extra games Below are the PS Plus May 2025 games getting added to the Extra tier: Sand Land Soul Hackers 2 Five Nights At Freddy’s Help Wanted – Full Time Edition Battlefield V S.T.A.L.K.E.R.: Legends of the Zone Trilogy Granblue Fantasy Versus: Rising Humankind Story of Seasons: A Wonderful Life Gloomhaven Mercenaries Edition PS Plus May 2025 Premium games And below are the Premium games: Battle Engine Aquila Release date The release date for the new PS Plus May 2025 Extra and Premium games is May 20th. There are some great titles getting added for both tiers, so they are exciting additions. Once the games have joined Sony’s subscription service, we then have May 28th to look forward to. This is when Sony will pull the curtain aside on the PS Plus June 2025 Essential games that are set to be released on June 3rd as per the PlayStation Blog. There are no leaks for next month as of writing, but it’s already confirmed that FBC Firebreak is joining PS Plus day-one next month. It’s a co-op multiplayer shooter from Remedy, and it is set in the universe of Control. It looks fantastic, and it’s good that Sony is providing more day-one releases following in the footsteps of Blue Prince and Lost Records Bloom and Rage. Games leaving PS Plus Extra and Premium in May 2025 Below are all games leaving PS Pus Extra and Premium on May 20th: Grand Theft Auto V (PS5, PS4) MotoGP 24 (PS5, PS4) The Sims 4: Island Living (PS4) Resistance: Fall of Man (PS3) — Premium Resistance 2 (PS3) — Premium Walkabout Mini Golf (PS5) — Premium Synth Riders (PSVR2) — Premium Ghostbusters: Rise of the Ghost Lord (PSVR2) — Premium Before Your Eyes (PSVR2) — Premium The Walking Dead: Saints & Sinners (PSVR2) — Premium The Walking Dead: Saints & Sinners – Chapter 2: Retribution (PSVR2) — Premium LEGO Marvel Super Heroes 2 (PS4) Stranded: Alien Dawn (PS5, PS4) The LEGO Movie 2 Videogame (PS5) Ghostrunner (PS5, PS4) Payday 2: Crimewave Edition (PS4) Bloodstained: Ritual of the Night (PS4) Journey to the Savage Planet (PS5, PS4) Portal Knights (PS4) Enter the Gungeon (PS4) Batman: Arkham Knight (PS4) inFAMOUS: Second Son (PS4) There are lot of big names listed above. It’s sad to see the departure of PlayStation IPs, InFamous and Resistance, and it’s also sad to see the departure of GTA 5, especially in wake of the delay to GTA 6. Batman Arkham Knight is another huge departure, meanwhile, so too are Journey to the Savage Planet, Payday 2, Ghostrunner, Bloodstained, and others. In addition to the above departures for Extra and Premium, don’t forget to claim the following Essential games before they leave on June 3rd: Balatro Warhammer 40K Boltgun ARK Survival Ascended In other PlayStation news, Sony is considering even more price increases in response to US tariffs, and there are rumors of a PlayStation Showcase or State of Play happening very soon. Subscribe to our newsletters! By subscribing, you agree to our Privacy Policy and may receive occasional deal communications; you can unsubscribe anytime. Share

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2025-05-14 15:56:13 ·

Sony announces record surge in profits for Q1. Here’s how they did it

Japanese technology and entertainment company Sony logged an 18% rise in profit for the fiscal year through March on healthy results at its music and video-game operations.Its chief executive, Hiroki Totoki, outlined the company’s strategy for growth Wednesday, stressing that collaboration among Sony Corp.’s various segments, like animation and music, were crucial to deliver the “kando,” or emotional engagement, that lies at the core of the company’s vision and strength.“Building on our momentum and results to date and working with a laser-like focus to realize our long-term Creative Entertainment Vision will be at the core of our corporate strategies moving forward,” he told reporters.Sony’s movies division has strong offerings in the pipeline, including Spider-Man films and biopics about The Beatles, while animation remains a driver of growth centered around the popular anime streaming service Crunchyroll, Totoki said.Tokyo-based Sony reported a record annual profit of 1.14 trillion yen, up from 970.6 billion yen in the previous fiscal year. Annual sales were virtually unchanged, inching down to 12.957 trillion yenfrom 13.020 trillion yen.One area that lagged among Sony’s sprawling businesses was the financial segment, where revenue stalled. But its film division and its imaging and sensor solutions segment did well.Sony officials said they were studying how to respond to President Donald Trump’s tariffs, although that was a challenge because of uncertainties and constant changes. But they said the negative impact from U.S. trade policy will be kept to 10% of Sony’s operating profit in the coming fiscal year by adjusting the allocation of shipments, among other measures.Totoki stressed that Sony plans to leverage its content creating technology, like virtual reality and image sensors, to feed into its entertainment products, including working on immersive experiences. Sony also has powerful collaborative relations with various entertainment companies like Kadokawa, which includes publishing as well as films and animation, and Bandai Namco, a video game maker, he added.Sony will emphasize the “diversity” of its workers, helping bring out people’s creative potential, Totoki said.Among the Sony movies that fared well at the box office for the fiscal year through March were “Venom: The Last Dance,” featuring the Marvel Comics superhero, and “Bad Boys: Ride or Die,” an action comedy, where Will Smith and Martin Lawrence return in their popular cop roles in the fourth installment in the series.Sony, which makes the PlayStation console and game software played on that machine, also posted healthy results in the gaming business.Its music operations, which also held up, include recordings, streaming services and music for games. The top-selling recorded music projects for the latest fiscal year globally was SZA’s “SOS Deluxe: LANA,” followed by Beyonce, Future & Metro Boomin and Travis Scott.The top seller in its Japan music business was Kenshi Yonezu’s “Lost Corner” album, followed by offerings from Stray Kids and Six Tones.For the January-March quarter, Sony posted a 197.7 billion yenprofit, up 5% from 189 billion yen the same quarter in the previous fiscal year. Sales were 2.6 trillion yen, down 24% from 3.48 trillion yen.Sony is forecasting a nearly 13% drop in profit for the fiscal year through March 2026, to 930 billion yen, on 11.7 trillion yensales, down 2.9% on-year.Sony Group Corp. stocks, which fell in Tokyo morning trading, rebounded to finish 3.7% higher after its financial results were announced.

Yuri Kageyama is on Threads:

—Yuri Kageyama, AP Business Writer
#sony #announces #record #surge #profits

Sony announces record surge in profits for Q1. Here’s how they did it
Japanese technology and entertainment company Sony logged an 18% rise in profit for the fiscal year through March on healthy results at its music and video-game operations.Its chief executive, Hiroki Totoki, outlined the company’s strategy for growth Wednesday, stressing that collaboration among Sony Corp.’s various segments, like animation and music, were crucial to deliver the “kando,” or emotional engagement, that lies at the core of the company’s vision and strength.“Building on our momentum and results to date and working with a laser-like focus to realize our long-term Creative Entertainment Vision will be at the core of our corporate strategies moving forward,” he told reporters.Sony’s movies division has strong offerings in the pipeline, including Spider-Man films and biopics about The Beatles, while animation remains a driver of growth centered around the popular anime streaming service Crunchyroll, Totoki said.Tokyo-based Sony reported a record annual profit of 1.14 trillion yen, up from 970.6 billion yen in the previous fiscal year. Annual sales were virtually unchanged, inching down to 12.957 trillion yenfrom 13.020 trillion yen.One area that lagged among Sony’s sprawling businesses was the financial segment, where revenue stalled. But its film division and its imaging and sensor solutions segment did well.Sony officials said they were studying how to respond to President Donald Trump’s tariffs, although that was a challenge because of uncertainties and constant changes. But they said the negative impact from U.S. trade policy will be kept to 10% of Sony’s operating profit in the coming fiscal year by adjusting the allocation of shipments, among other measures.Totoki stressed that Sony plans to leverage its content creating technology, like virtual reality and image sensors, to feed into its entertainment products, including working on immersive experiences. Sony also has powerful collaborative relations with various entertainment companies like Kadokawa, which includes publishing as well as films and animation, and Bandai Namco, a video game maker, he added.Sony will emphasize the “diversity” of its workers, helping bring out people’s creative potential, Totoki said.Among the Sony movies that fared well at the box office for the fiscal year through March were “Venom: The Last Dance,” featuring the Marvel Comics superhero, and “Bad Boys: Ride or Die,” an action comedy, where Will Smith and Martin Lawrence return in their popular cop roles in the fourth installment in the series.Sony, which makes the PlayStation console and game software played on that machine, also posted healthy results in the gaming business.Its music operations, which also held up, include recordings, streaming services and music for games. The top-selling recorded music projects for the latest fiscal year globally was SZA’s “SOS Deluxe: LANA,” followed by Beyonce, Future & Metro Boomin and Travis Scott.The top seller in its Japan music business was Kenshi Yonezu’s “Lost Corner” album, followed by offerings from Stray Kids and Six Tones.For the January-March quarter, Sony posted a 197.7 billion yenprofit, up 5% from 189 billion yen the same quarter in the previous fiscal year. Sales were 2.6 trillion yen, down 24% from 3.48 trillion yen.Sony is forecasting a nearly 13% drop in profit for the fiscal year through March 2026, to 930 billion yen, on 11.7 trillion yensales, down 2.9% on-year.Sony Group Corp. stocks, which fell in Tokyo morning trading, rebounded to finish 3.7% higher after its financial results were announced. Yuri Kageyama is on Threads: —Yuri Kageyama, AP Business Writer #sony #announces #record #surge #profits

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Sony announces record surge in profits for Q1. Here’s how they did it

Japanese technology and entertainment company Sony logged an 18% rise in profit for the fiscal year through March on healthy results at its music and video-game operations.Its chief executive, Hiroki Totoki, outlined the company’s strategy for growth Wednesday, stressing that collaboration among Sony Corp.’s various segments, like animation and music, were crucial to deliver the “kando,” or emotional engagement, that lies at the core of the company’s vision and strength.“Building on our momentum and results to date and working with a laser-like focus to realize our long-term Creative Entertainment Vision will be at the core of our corporate strategies moving forward,” he told reporters.Sony’s movies division has strong offerings in the pipeline, including Spider-Man films and biopics about The Beatles, while animation remains a driver of growth centered around the popular anime streaming service Crunchyroll, Totoki said.Tokyo-based Sony reported a record annual profit of 1.14 trillion yen ($7.8 billion), up from 970.6 billion yen in the previous fiscal year. Annual sales were virtually unchanged, inching down to 12.957 trillion yen ($88 billion) from 13.020 trillion yen.One area that lagged among Sony’s sprawling businesses was the financial segment, where revenue stalled. But its film division and its imaging and sensor solutions segment did well.Sony officials said they were studying how to respond to President Donald Trump’s tariffs, although that was a challenge because of uncertainties and constant changes. But they said the negative impact from U.S. trade policy will be kept to 10% of Sony’s operating profit in the coming fiscal year by adjusting the allocation of shipments, among other measures.Totoki stressed that Sony plans to leverage its content creating technology, like virtual reality and image sensors, to feed into its entertainment products, including working on immersive experiences. Sony also has powerful collaborative relations with various entertainment companies like Kadokawa, which includes publishing as well as films and animation, and Bandai Namco, a video game maker, he added.Sony will emphasize the “diversity” of its workers, helping bring out people’s creative potential, Totoki said.Among the Sony movies that fared well at the box office for the fiscal year through March were “Venom: The Last Dance,” featuring the Marvel Comics superhero, and “Bad Boys: Ride or Die,” an action comedy, where Will Smith and Martin Lawrence return in their popular cop roles in the fourth installment in the series.Sony, which makes the PlayStation console and game software played on that machine, also posted healthy results in the gaming business.Its music operations, which also held up, include recordings, streaming services and music for games. The top-selling recorded music projects for the latest fiscal year globally was SZA’s “SOS Deluxe: LANA,” followed by Beyonce, Future & Metro Boomin and Travis Scott.The top seller in its Japan music business was Kenshi Yonezu’s “Lost Corner” album, followed by offerings from Stray Kids and Six Tones.For the January-March quarter, Sony posted a 197.7 billion yen ($1.3 billion) profit, up 5% from 189 billion yen the same quarter in the previous fiscal year. Sales were 2.6 trillion yen ($17.7 billion), down 24% from 3.48 trillion yen.Sony is forecasting a nearly 13% drop in profit for the fiscal year through March 2026, to 930 billion yen ($6.3 billion), on 11.7 trillion yen ($80 billion) sales, down 2.9% on-year.Sony Group Corp. stocks, which fell in Tokyo morning trading, rebounded to finish 3.7% higher after its financial results were announced. Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama —Yuri Kageyama, AP Business Writer

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Sony announces record surge in profits for Q1. Here’s how they did it