Video game accessories and peripherals maker Turtle Beach surprised the markets with a major beat in earnings as sales of their headsets and devices grew amid coronavirus quarantines. Now, the company is looking forward to the highly anticipated next generation of video game consoles slated for the holidays.
"We're very excited about the new Xbox and PlayStation launches. They're coming soon, can't wait," Turtle Beach CEO Juergen Stark told Cheddar. "We believe that they will do very, very well post-launch, and that is definitely a long-term driver of, and a catalyst for, all console accessories."Stark added that gamers tend to "re-accessorize" upon upgrading to new video game systems and that Turtle Beach was already prepared with four new wireless headset models, two for each of the next-gen platforms. And, with the growth of multiplayer gaming, the company sees its headsets continuing to grow right along with the phenomenon.
"People play together. Fortnite was a big example of this even to the point where there was a concert, a Deadmau5 concert earlier this year where 20 million people went into Fortnite to watch the concert," he said. "So, to play together, you need to be able to communicate, and that's what the headset portfolio we have does a great job at."
The ability to communicate virtually was a "huge driver" of the popularity of the headsets during the coronavirus pandemic, according to Stark. So much so, he also was bullish on the future of the gamer gear in non-gaming arenas even after the COVID-19 pandemic subsides.
"Our headsets work great for video calls, working, learning, schooling from home," Stark said.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
The Federal Aviation Administration says flights departing for Los Angeles International Airport were halted briefly due to a staffing shortage at a Southern California air traffic facility. The FAA issued a temporary ground stop at one of the world’s busiest airports on Sunday morning soon after U.S. Transportation Secretary Sean Duffy predicted that travelers would see more flights delayed as the nation’s air traffic controllers work without pay during the federal government shutdown. The hold on planes taking off for LAX lasted an hour and 45 minutes and didn't appear to cause continued problems. The FAA said staffing shortages also delayed planes headed to Washington, Chicago and Newark, New Jersey on Sunday.
Boeing workers at three Midwest plants where military aircraft and weapons are developed have voted to reject the company’s latest contract offer and to continue a strike that started almost three months ago. The strike by about 3,200 machinists at the plants in the Missouri cities of St. Louis and St. Charles, and in Mascoutah, Illinois, is smaller in scale than a walkout last year by 33,000 Boeing workers who assemble commercial jetliners. The president of the International Association of Machinists says Sunday's outcome shows Boeing hasn't adequately addressed wages and retirement benefits. Boeing says Sunday's vote was close with 51% of union members opposing the revised offer.
The stunning indictment that led to the arrest of more than 30 people — including Miami Heat guard Terry Rozier and other NBA figures — has drawn new scrutiny of the booming business of sports betting in the U.S. The multibillion-dollar industry has made it easy for sports fans — and even some players — to wager on everything from the outcome of games to that of a single play with just a few taps of a cellphone. But regulating the rapidly-growing industry has proven to be a challenge. Professional sports leagues’ own role in promoting gambling has also raised eyebrows.
