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Sony just had its best holiday season ever in terms of PlayStation 5 console sales with 9.5 million sold over the last three months (2024 Q3), the company announced in its earnings release. That's 1.3 million more than it sold in the same quarter last year (its previous best holiday quarter) and raises all-time PS5 sales to 74.9 million. The launch of the PlayStation 5 Pro last fall likely provided a boost for the quarter, but Sony didn't break out numbers for that console specifically. The record quarter means that the PS5 is just 1.5 million units behind where the PS4 was at the same time in its sales life cycle. It also propelled Sony to a higher-than-expected 469.3 billion yen ($3.05 billion) profit (all divisions included). The company also saw a boost in game sales, up to 95.9 million units sold in Q3 2024 compared to 89.7 million the previous quarter, despite a hefty drop in first party sales. That boosted game software revenue to 784 billion yen ($5.1 billion), compared to 733 billion yen in Q3 2023. On its webcast, Sony shouted out the success of Astro Bot and Helldivers 2, affirming its intention to expand its family and live service game offerings (despite axing recent games in the latter category). Meanwhile, PlayStation Network (PSN) monthly active users rose from 123 to 129 million. Looking ahead, Sony said it had "high expectations" game sales this year, including first-party titles Death Stranding 2 and Ghost of Yotei, both set to release in 2025. We'll also see some big third-party launches, particularly Grand Theft Auto 6 set to arrive in fall 2025. This article originally appeared on Engadget at https://www.engadget.com/gaming/playstation/sony-has-sold-749-million-playstation-5s-130021792.html?src=rss
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Nissan and Honda have officially called off their plans to merge into a single automaker, less than two months after they confirmed the rumors that they were indeed looking to join forces. In an announcement, the companies said that they'd "agreed to terminate" the memorandum of understanding (MOU) they signed in December 2024. If they'd gone through with it and also brought Nissan-controlled Mitsubishi on board, the new entity would've had a net worth of around $50 billion. The automakers said that their CEOs and other members of their management teams have discussed what they wanted to achieve with the merger, as well the structures they wanted in place after the integration. They explained that they considered various options when it comes to the final structure of the merged entity. Honda proposed several options, including establishing a joint holding company, wherein the automaker would be the one appointing the CEO and majority of directors. However, it also proposed a structure wherein Honda would be the parent company, whereas Nissan would be the subsidiary. The Financial Times reported in early February that Honda presented the structure that would make Nissan its subsidiary as a "take it or leave it" offer. Majority of Nissan's board members reportedly rejected the deal back then during a meeting, but Nissan chose to wait until mid-February to make a formal announcement. The automakers said that they chose to cease their discussions "to prioritize speed of decision-making and execution of management measures in an increasingly volatile market environment heading into the era of electrification." They also said that they still have plans to collaborate "within the framework of a strategic partnership aimed at the era of intelligence and electrified vehicles."This article originally appeared on Engadget at https://www.engadget.com/transportation/honda-and-nissan-have-ended-their-merger-plans-075501432.html?src=rss
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X has reached a settlement with President Donald Trump in a lawsuit over the presidents 2021 suspension from Twitter. The Wall Street Journal reports that the Elon Musk-owned company has agreed to pay about $10 million to settle the long-running case. Trump sued Twitter, along with Meta and YouTube, more than three years ago after the companies booted him off their platforms following the riots on January 6, 2021. His lawyers claimed that the suspensions were a violation of his First Amendment rights. The lawsuit against Twitter was dismissed by a judge in 2022, but Trumps lawyers appealed that decision. Xs settlement comes shortly after Meta also reached an agreement with Trump. The company paid $25 million, much of which will go toward building Trumps presidential library, the company confirmed. The Wall Street Journal reports that the president's lawyers are also expected to pursue a settlement with Google. X didnt respond to a request for comment. The settlement with X is particularly notable given Elon Musks close relationship with Trump. The owner of X reinstated Trumps Twitter account soon after taking over the company in 2022 and spent at least $250 million on Trumps campaign in 2024. The president's lawyers reportedly considered letting the lawsuit fizzle out ahead of the settlement. Since Trump took office less than a month ago, Musk has used his perch at the top of the department of government efficiency to wreak havoc across the federal government, in a series of moves that have prompted multiple lawsuits and growing concerns about a constitutional crisis.This article originally appeared on Engadget at https://www.engadget.com/social-media/x-will-pay-about-10-million-to-settle-lawsuit-over-donald-trumps-twitter-suspension-234757817.html?src=rss
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