Photo: ESOlex (Shutterstock) Sony’s PlayStation VR 2 is barely a year old, and it appears it’s not catching on like the PS5 when it launched in 2020. There are so many PSVR2 headsets unsold that Sony put the production of new units on hold, according to a Bloomberg report Monday. Since its launch in Feb. 2023, … Read more
Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022. Wolfgang Rattay | Reuters Siemens Energy swung to profit in its first fiscal quarter on the back of a surge in orders and a one-off gain from selling a stake in its Indian affiliate to parent company Siemens. The German renewables firm reported … Read more
Joe Kaeser, chair of Siemens Energy, is more concerned by gloomy public sentiment in Germany than he is by the recent rise in inflation. The former chief executive of German conglomerate Siemens said base effects and the monthly and quarterly price readings meant he was not overly focused on the annual headline inflation figure. “I am … Read more
Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022. Wolfgang Rattay | Reuters Siemens Energy has secured 7.5 billion euros ($8.15 billion) in project-related state guarantees from the German government, hours before announcing a nearly 5 billion euro loss for its fiscal year. The German economy ministry announced late on Tuesday that … Read more
Siemens Energy shares plunge as the company seeks support from the German government. Wolfgang Rattay | Reuters Shares of Siemens Energy tumbled by more than 33% on Thursday afternoon, after the company sought guarantees from the German government. The wind power giant made headlines earlier this year, when it scrapped its profit forecast, citing a … Read more
Joe Kaeser delivers a speech during the Siemens Annual Shareholders’ Meeting on February 3, 2021 in Munich, Germany. Pool | Getty Images News | Getty Images The results of two state elections in Germany sent “a clear message” to Berlin that the government needs “to get their act together,” Joe Kaeser, chairman of the Supervisory … Read more
Siemens Vitality CEO Christian Bruch stated Monday that the corporate must decelerate its rollout of recent merchandise after reserving 2.2 billion euros ($2.4 billion) in prices as a consequence of high quality points at its wind turbine unit. In June, Siemens Vitality scrapped its revenue forecast and warned that pricey failures at wind turbine subsidiary … Read more
Siemens Vitality shares plunged 31% on Friday morning after the corporate scrapped its revenue forecast. Wolfgang Rattay | Reuters Siemens Vitality shares plunged 31% on Friday morning after the corporate scrapped its revenue forecast and warned that pricey issues at its wind turbine unit might final years. The corporate, born from the spinoff of the … Read more