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Circana: US video game hardware spending fell 29% YoY in July to $282M, the lowest since COVID; unit shipments fell 39% as average console prices hit $542 (Vlad Savov/Bloomberg)

Nintendo Co.'s Switch 2 sales in the US this July were less than half what they were the same month a year ago, leading an industrywide hardware decline, according to Circana.

We haven't written up this one. Techmeme has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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SK hynix Tentatively Pays Majority Bonus in Treasury Shares

Labor and management at SK hynix have prepared a tentative agreement for the wage and collective bargaining agreement, which includes paying 60% of the profit-sharing (PS) in treasury shares.

  • SK hynix agrees to pay 60% of profit-sharing in treasury shares.
  • Executives and employees to receive average 420 million won in shares.
  • Company aims to align interests long-term with stock-based compensation.

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