Latest news with #PS5s
Engadget
6 days ago
- Business
- Engadget
Nikon joins other camera manufacturers in raising prices due to tariffs
Nikon has announced that it will increase prices on its photography products in the US due to tariffs, joining other camera manufacturers including Canon, Blackmagic Design and Leica in doing so. It hasn't yet shared which products will be affected, but several outlets have received word from dealers that the changes will mostly affect lenses and accessories manufactured in China. "Due to the recent tariffs, a necessary price adjustment for products will take effect on June 23, 2025," the company wrote last week. "We will be carefully monitoring any tariff developments and may adjust pricing as necessary to reflect the evolving market conditions. We wish to thank our customers for their understanding and know that we are taking every possible step to minimize the impact on our community." The development comes from Trump's recent tariffs affecting electronic goods, with Nikon noting that the increase could cut its operating profit by around $68 million. Canon, the worldwide leader in camera sales, said in its earnings report last month that it would raise prices soon. Fujifilm recently paused US preorders for several models including the X-M5 and X100 VI. Other electronics companies, including Acer and DJI, also recently announced US-only price hikes. In its latest earnings report, Sony said it expects to seller fewer PS5s and expects a $700 million tariff-related revenue hit. These increases could just be the beginning. Nikon builds its products in multiple countries affected by US tariffs, including China, Thailand and its home country, Japan. Unless those nations can negotiate new tariff terms before the end of Trump's 90-day pause, they could be subject to drastically higher rates by July — which would in turn prices for Nikon and many other camera manufacturers.
Gizmodo
14-05-2025
- Business
- Gizmodo
PlayStation Bosses Said it May Hike PS5 Prices Due to Tariffs
Even if tariffs on China have come down slightly, you should assume all your gaming consoles will cost more going forward. Sony, the makers of PlayStation, claims it is looking down the hole of around $680 million in lost revenue due to tariffs. The company says it has two options to remediate the impact of tariffs: moving manufacturing to the U.S. and increasing prices of products like its PlayStation 5. Knowing recent price increases from Nintendo and Microsoft, pricier PS5s sound highly likely. Earlier this month, Microsoft and Xbox detailed sweeping price hikes for practically all gaming hardware, including a near $100 increase for Xbox Series X consoles. Sony was certainly paying attention. During the Japanese conglomerate's latest call with investors, Sony's CFO, Lin Tao, said the company may 'pass on' the cost of tariffs to its products.i The company has a lot of fingers in a lot of hardware pies, but tariffs were especially impacting sectors that include its PlayStation gaming brand. Tao told investors that the company expected to reduce the impact on its bottom line 'to approximately 100 billion [Japanese yen, equivalent to $683.4 million in U.S. dollars] or less than 10% of the operating income forecast.' Sony stockpiled hardware in the U.S. before President Donald Trump's April 4 'Liberation Day' tariff announcement, but eventually the company will run out. This week, Trump paused some tariffs on China and reduced the import tax on Chinese imports to 30%. Nobody knows how long that will stick, or if the capricious U.S. president will restart his across-the-board tariffs on every country and Penguin-inhabited, desolate island around the world. Sony bosses mentioned how it already hiked prices of its consoles in some markets other than the U.S., including the UK, Europe, Australia, and New Zealand, in an effort to keep North American costs the same. 'We are not just simply calculating the simple tariff to come up with 100 billion yen, but thinking of the currently available information and also looking at the market trends—we may pass on to the price and shipment allocations,' Tao said. The company's 2024 earnings report released Tuesday showed Sony made a 9% gain in games sales year-over-year compared to 2023. The company sold more games in total, even if it didn't sell as many first-party titles as it did previously. However, it was down 6% in hardware sales, despite the release of the PlayStation 5 Pro and reportedly strong initial sales of the company's more-powerful console. Sony hopes to be up 16% by March 2026 for its games unit, even as it anticipates lower income for 2025. Tariffs are a big reason why it's expecting lower sales numbers and a net 13% decrease in income. Which brings us to plan B. Sony CEO Hiroki Totoki told investors that Sony was considering moving PlayStation manufacturing to the U.S. That seems a stretch considering the massive expense of moving the majority of its PS5 production out of China. Even if it manages to assemble all the parts in the states, it would still need to source its semiconductors and other components from elsewhere. The PS5 relies on AMD-made chips, which are still currently produced in Taiwan by major chipmaker TSMC. Sony's Hiroki Totoki is considering producing the PS5 in the United States due to the Tarrifs. "It needs to be considered going forward" — Destin (@DestinLegarie) May 14, 2025 AMD has stated it plans to move its chip production to Arizona, but all of this takes time, and it's not like Trump's tariffs will wait the months or—more likely—years it will take to move an entire production apparatus and finagle supply chains to support U.S. manufacturing. Companies across the globe have largely said they will simply move manufacturing out of places like China to avoid the highest tariffs and take it to other countries with lower tariff rates. We'd be very surprised if Sony follows through on plans to bring manufacturing to the U.S., but even that won't stop price hikes. If the Xbox Series X with optical drive costs $600, we wouldn't be surprised if Sony matches that with its base PS5. If a PlayStation 5 Pro jumps to $800, suddenly that $450 Nintendo Switch 2 doesn't sound like such a ludicrous price anymore.
News18
28-04-2025
- Entertainment
- News18
Lights Out, Memes On: Spain And Portugal Blackout Sparks Online Laughter
Last Updated: Power Outage in Spain, Portugal: Chaos erupted at supermarkets, metro stations, and roads as the electricity suddenly went off. Spain and Portugal have been hit by a massive power outage, which affected the lives of people. Trains stopped midway, traffic lights were shut off, and chaos hit supermarkets and airports as the blackout plunged large areas into darkness, disrupting daily life and causing widespread confusion. Meanwhile, netizens started a meme fest online, with several sharing hilarious memes about the power outage. One netizen shared a GIF that shows a man calling the engineers and asking them if they tried turning it off and on again. Infrastructure engineers in Spain and Portugal rn. — David Shapiro ⏩ (@DaveShapi) April 28, 2025 Another netizen shared people coming down from escalator in a large number to confirm the outage. 'Everyone from Spain and Portugal coming to ???? to confirm the blackout," read the caption. Everyone from Spain and Portugal coming to ???? to confirm the blackout — Venus 🌕 (@invincible39) April 28, 2025 'NO ELETRICITY IN PORTUGAL AND SPAIN, GUYS IT'S THE END TIMES," one social media user wrote. NO ELETRICITY IN PORTUGAL AND SPAIN, GUYS IT'S THE END TIMES — quelby reading yuwu 1 (@fujosunu) April 28, 2025 'I can't believe that things requiring electricity will stop working with a power outage," one user wrote jokingly. 'Spain has lost power! I think we left our PS5s on," said one user. España se ha quedado sin luz! Creo que nos dejamos las PS5 encendidas en @GemAwardsInfo 🫣 — Nash Weedle 💎 (@NWeedle) April 28, 2025 Meanwhile, several videos shared online showed how the lives of people were drastically affected. People were seen turning on the flashes of their phones in supermarkets as the power suddenly went off. The power outage also disrupted servers and digital services, further impacting people's online activities. One video shared on X showed a huge crowd at the railway station as train operations remained suspended due to the power outage. In Madrid, traffic piled up on the roads after the lights went out. 'I was driving and suddenly there was no traffic lights… It was a bit of a jungle. I saw a massive bus coming, and I had to accelerate a lot to go past it" Luis Ibáñez Jiménez told CNN. While the exact cause behind the power outage is not yet clarified, it has massively affected people across Spain and Portugal. First Published:
CBS News
25-04-2025
- CBS News
McClymonds students in Oakland get job skills as tech support for the district
It was a problem with no clear solution: thousands of school-issued laptops, all out of commission. At McClymonds High School in West Oakland, a group of students found a way to bring them back to life—and save their district hundreds of thousands of dollars in the process. While most students at McClymonds use their laptops to complete assignments, David Anderson's work is his laptop. "I can repair computers, PS5s, PS4s. I've opened up phones, laptops, I've even opened an AC unit once, which was nice." Anderson is part of the Tech Repair Hub, a program that may sound official, until you realize it's run by teenagers armed with tiny screwdrivers and a mountain of busted Chromebooks. No Genius Bar, no waiting room. Just sticky notes labeled "broken display" and "missing hinge thing," and students who somehow know exactly where to begin. A year ago, Gavin Armstrong was once just another student using a school laptop. Now, he's the reason everyone else's still work. "It's satisfying knowing that I have the skills and capabilities to do this," he said. The program began in 2021, when the pandemic pushed classes online, and laptops to their breaking point. With no repair budget to keep up, the district turned to its students. It was a long shot, but it clicked. This is more than a class project. Students in the program earn $18 an hour—well above Oakland's minimum wage. Samantha Núñez, who oversees the program, said the students repaired close to a thousand computers last school year, saving the district more than $200,000. "There were definitely worries and concerns, like, 'Do they have the capacity to fix it?' And turns out they do," said Núñez. Colleen Piper, the school's college and career counselor, said other school districts across the country have taken notice. But for her, the real impact isn't just financial. "Learning honestly, just the responsibility of holding down a job, communication skills," said Piper. For Anderson, the experience has already reshaped his future. He's now thinking about a career in computer science. "It gets your mind thinking in different possibilities and ways to figure out how to fix something," he said.
Bloomberg
13-02-2025
- Business
- Bloomberg
French AI Summit Lays Groundwork for Business, Not Political Success
Billed as a setting for international governance, the event mostly delivered as a networking session By and Benoit Berthelot Save Welcome to Tech In Depth, our revamped daily newsletter with reporting and analysis about the business of tech from Bloomberg's journalists around the world. Today, Yazhou Sun and Benoît Berthelot report from France's lukewarm AI summit and its busier sideline events. Surprising Sony: Led by a new CEO, Sony reported a surprisingly upbeat holiday quarter. The Tokyo company sold 9.5 million PS5s, lifted its outlook and beat expectations for a double-digit profit decline with a slight improvement.
