Tag: Numbers

06
Oct
2020
Posted in technology

Xbox One Achieved Critical Acclaim, Big Engagement Numbers Ahead Of Xbox Series X Release

KEY POINTS

  • The Xbox One set several records for the year in terms of engagement and critical approval
  • Xbox Game Studios released 15 games this year, 10 of which are new titles
  • Microsoft is preparing to launch the Xbox Series X and Xbox Series S in November

With a little over a month to go before Microsoft unleashes its next-generation consoles to the world, the company took some time to celebrate the achievements of the current-generation Xbox One.

Prior to the launch of Xbox Series X and Xbox Series S on Nov. 10, Microsoft flexed some of the Xbox One’s achievements over the past year, particularly in terms of engagement with their target audience, GameSpot first reported. 

Aaron Greenberg, general manager of Xbox Games Marketing at Microsoft, posted on the Xbox Wire that the company had a record-breaking year for games in the form of 15 Xbox Game Studio games launched so far — 10 of which are new titles.

There have also been 1.66 billion hours played on Xbox for the year, the most ever for Xbox Game Studio titles. Meanwhile, long-running game series “Microsoft Flight Simulator” and “Ori and the Will of the Wisps” both earned Metacritic scores of 90 and above.

The newly released “Grounded” has already exceeded more than 1 million players while hit title “Sea of Thieves” has already surpassed more than 15 million players.

With the acquisition of Bethesda Game Studios a few weeks ago, Microsoft was the talk of the gaming industry mostly because Bethesda has “Fallout” and “The Elder Scrolls” among the properties under its publishing umbrella.

It did not take long after that before Microsoft CEO Satya Nadella himself hinted that the company has not ruled out acquiring even more game studios to add to their ever-growing catalog.

For now, Microsoft

30
Sep
2020
Posted in technology

ADP Jobs Numbers Lift Stocks

Markets were risk-on on Wednesday after a jobs report confirmed the U.S. economic recovery is still on a fast-track.

The S&P 500 rose 0.5%, with the tech-heavy Nasdaq down up just 0.3%, signifying it was non-tech stocks and a broad rally doing the legwork for the major indices. The 10-Year Treasury yield rose  to 0.67% fro 0.65%. Inflation expectations have been marginally improving.

Aiding sentiment in cyclicals was the ADP jobs report that showed 749,000 jobs added in September against economists estimates of 600,000. Even with questions lingering over whether the House’s proposed $2.2 trillion stimulus bill will be passed, consumer confidence was strong in September and businesses were adding employees, keeping the V-shaped economic and earnings recovery alive. Banks and oil stocks were up 1.4% and 0.5%, respectively.

“The pace of economic recovery is certainly key to future growth, and with private sector employment coming in better than expected this morning—the largest gain in 3 months—this could point to signs of strength in the labor market,” wrote Mike Loewengart, managing director of investment strategy at E*Trade in emailed remarks to reporters.

Semiconductors were down, with the iShares PHLX Semiconductor ETF  (SOXX) – Get Report down 0.28%. Micron  (MU) – Get Report, down 5% to $48 a share, beat revenue and earnings estimates handily Tuesday after the closing bell, but its $5.2 billion revenue guide and 47 cent earnings per share guide for the current quarter missed expectations. Huawei, about 10% of revenue, is not currently a customer. 

Still, the weak enterprise spend the near-term management noted is holding back semiconductor stocks. Wednesday was also a risk-off day for growth stocks, which many semiconductor stocks are. 

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