Apple iPhone sales slump 24% in China, fanning fears of a slowdown
Apple’s iPhone sales in China fell 24% year-on-year in the first six weeks of 2024 as the company faces increasing competition from domestic rivals such as Huawei, according to research firm Counterpoint. Huawei, the tech giant’s biggest competitor for premium smartphones in China, saw unit sales increase by 64% in the same period, the report […]
Sony lays off 900 workers from PlayStation division amid video game slump
Sony Interactive Entertainment said Tuesday it will cut about 900 jobs at its PlayStation division and close its London studio, as the video game industry struggles to recover from the post-pandemic downturn. The layoffs, which will affect about 8% of the division’s staff in regions ranging from the Americas to Asia, come days after Sony […]
Nets break slump with Kevin Ollie’s first win, Cam Thomas exits
MEMPHIS, Tenn. — This was a game the Nets needed to get right. Kevin O’Ree earned his first win as interim coach Monday night, 111-86 over Memphis at FedExForum. At least not more than the skeleton crew left behind in the guise of the Grizzlies recently. The Nets didn’t have to play Ja Morant, Desmond […]
Jalen Brunson unable to snap Knicks’ 3-Point Contest slump
Jalen Brunson helped usher in a new era with the Knicks as a promising point guard. The Knicks haven’t sent a point guard to the All-Star Game since Mark Jackson in 1989. One curse disappeared, but the other survived. Brunson is an All-Star, but was unable to overcome his franchise-long slump in the 3-point contest. […]
Disney’s Iger gets more activist heat amid stock slump
Jeff Sica, founder of Circle Squared Alternative Investments, reveals Hollywood’s biggest winners and losers in 2023 on “Varney & Co.” Activist investors continue to push the entertainment giant ahead of Disney’s first-quarter earnings report Wednesday afternoon. The push comes from two companies, Tryon Group and Blackwells Capital, who have made their own proposals for Disney’s […]
St. John’s slump leaves slim margin for error to make NCAA Tournament
St. John’s University has eliminated the margin for error. All previous breathing chambers are gone. With five losses in six games, the Johnnies have no chance of making it to the NCAA Tournament. They got off to a good start in the tournament and made it to the cut line, according to three prominent brackets: […]
Nets’ Cam Johnson stuck in uncharacteristic shooting slump
The Nets are in a slump as a team. But no player has slumped as much as Cam Johnson. The sweet-shooting forward has averaged just 9.6 points over the past seven games, posting an uncharacteristic shooting split of .333/.267/.556, a team-worst minus-3.3. As the best pure shooter on the Nets roster, those numbers are impressive. […]
Nets bust out of slump with huge road win over Lakers
LOS ANGELES — The Nets faced a gut check. And I finally found the courage to do it. Brooklyn snapped its worst slump of the season, at least temporarily, with a stunning 130-112 upset victory over the Lakers before a packed crowd of 18,997 at Crypto.com Arena. “I don't think it's taken effort for our […]
NYC building sales slump despite plummeting prices because of crippling regulations, high interest rates
City building values are falling under the weight of high interest rates, crippling regulations, and massive vacancies caused by working from home and layoffs due to the pandemic. Many properties are currently worth less than their debts and remain unsold. Sales in 2023 were the lowest since 2009, according to the New York Real Estate […]
Diamond prices slashed up to 25% as sales slump
Diamond giant De Beers has slashed the price of its precious solitaires as sales plummet as bargain-hunting fiancés increasingly opt for cheaper lab-grown gemstones. Prices for certain categories of larger De Beers mined diamonds have been reduced by up to 25%. bloombergsaid a person familiar with the matter. The category, called “Select Makeables,” includes large […]