Samsung and LG warn that the worst financial impact of COVID-19 is still to come

Illustration by Alex Castro / The Verge

Samsung and LG just reported their first quarter results for the three-month period ending in March, with earnings largely unaffected by the COVID-19 pandemic. However, both companies warn that the impact will be felt over the current quarter ending in June. Namely, Samsung and LG expect customers to cut back significantly on TV and smartphone purchases.

In Q1, Samsung’s net profit was down slightly compared to the same quarter last year, but revenue was up 5.6 percent overall thanks to strong demand for its server and mobile components. The company said that some of its customers are restocking their chip supplies because of supply uncertainty, Reuters notes. Mobile profitability was also up, although shipments were down. Meanwhile,...

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Pandora Stories lets artists add commentary to their own playlists

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Nintendo Switch Online reaches more than 100 retro games

Illustration by Alex Castro / The Verge Nintendo has hit a milestone with the ever-growing library of retro games included in its Nintendo Switch Online service. The next batch will take the number of available games past 100, with five new titles resulting in a total of 104. In keeping with recent form , the latest additions are, well, not necessarily blockbuster releases. Here’s the list: Caveman Ninja: Joe & Mac , a prehistoric action game released in arcades and ported to the SNES by Data East in 1991 Magical Drop 2 , a 1996 Data East puzzle game for the SNES that was originally on the Neo Geo but never previously got a Western release Super Baseball Simulator 1.000 , a SNES baseball game released by Culture Brain in 1991 Spanky’s Quest , a 1991 SNES action game by Natsume... Continue reading… from The Verge - All Posts https://ift.tt/3eXBE7D

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