It’s financial results season, the most wonderful time of the year! Well, maybe not, but the report from publisher Marvelous! was nevertheless interesting as it gave updated sales figures on its most recent titles. As the report only runs up to the end of March there was no further update on sales figures for Story of Seasons: Pioneers of Olive Town, but there is a near-notable landmark for Sakuna: Of Rice and Ruin.
Sakuna: Of Rice and Ruin now has sales exceeding 950,000 copies across all versions, so it’s clearly close to hitting the magical one million mark; the figure represents a jump since the late January update.
The rice farming sim / sidescrolling action title is pretty unique, which will have contributed to its impressive results. We gave it a recommendation in our Sakuna: Of Rice and Ruin review.
Let us know whether you’ve mastered rice farming yet in this one.
(Reuters) -Electric carmaker Tesla (NASDAQ:) Inc marginally beat Wall Street expectations for first-quarter revenue on Monday boosted by a jump in environmental credit sales to other automakers and robust demand from China.
Sales of regulatory permits were higher than quarterly profit, in line with the trend of several quarters, and net profit was dented by a $ 299 million award to Chief Executive Elon Musk. Tesla’s quarterly performance hit targets qualifying the billionaire entrepreneur for two options payouts worth a combined $ 11 billion. (Graphic on options payout) https://tmsnrt.rs/3sW7Xrv
“Higher regulatory credits, lower taxes, and bitcoin sales buoyed financial results. Back these out, and it was a large miss,” Roth Capital Partners analyst Craig Irwin said.
Tesla trimmed its bitcoin position by 10% during the quarter, which contributed to a small gain in first-quarter financials.
“We do believe long term in the value of bitcoin,” said Chief Financial Officer Zachary Kirkhorn. “It is our intent to hold what we have long term and continue to accumulate bitcoin from transactions from our customers as they purchase vehicles.”
Shares of the company were down about 1.8% in extended trading.
Tesla posted record deliveries in the first quarter despite a global chip shortage that has slammed auto sector rivals. Model Y production in China has spurred demand there.
Still, the world’s most valuable automaker, whose shares jumped more than eight-fold last year, faces challenges of living up to its valuation and managing expectations.
“Tesla looks well positioned to continue delivering more vehicles in the future as more production plants come online which, in turn, could see the company reign in the ludicrous valuation metrics that it currently possesses,” said Peter Hanks of DailyFX.com.
The company said it was able to navigate through global chip supply shortage issues in part by pivoting quickly to new chips, while simultaneously developing software for chips made by new suppliers.
The first quarter “had some of the most difficult supply chain challenges that we’ve ever experienced in Tesla,” Musk said.
However, its vehicle average selling price fell by 13% as production of pricier Model S and Model X vehicles ground to a halt ahead of major updates. Tesla will start deliveries of the new Model S next month and high-volume production in the third quarter. The Model Y production rate in Shanghai continued to improve.
Tesla said it expects this year’s volume growth to exceed 50%, while saying that it is on track to start production and deliveries at its planned factories in Texas and Berlin this year. Musk said Tesla will have 2 million cars on the road next year, up from more than 1 million cars now.
Rivals such as Volkswagen (DE:) and Ford Motor (NYSE:) Co are rolling out their own all-electric vehicles, aiming to compete with Tesla on price and style.
In the United States, Tesla’s full self-driving software is facing new federal investigations following 28 crashes of Tesla vehicles, including a recent one in Texas that killed two.
Revenue rose to $ 10.39 billion from $ 5.99 billion a year earlier. Analysts had expected revenue of $ 10.29 billion, according to IBES data from Refinitiv.
Tesla earned $ 518 million from sales of regulatory credits in the first quarter, up 46% from a year earlier. Tesla earns credits for exceeding emissions and fuel economy standards and sells them to other automakers that fall short of the goals.
Adjusted profit of 93 cents per share topped Wall Street’s consensus of 79 cents.
Eddie Hearn has confirmed that both Anthony Joshua and Tyson Fury have now agreed on a fight site for the undisputed heavyweight world championship this summer. Last Sunday, the offers were presented to the fighters and their teams and now it appears the wheels are in motion for an official announcement.
Hearn told Behind The Gloves, while away in Miami for Demetrius Andrade’s WBO middleweight world title defence against Liam Williams: “Both sides have approved the site offer they want to go with, we are now finalising the site offer and we’re in a good place.”
Understandably, Hearn was apprehensive to reveal exactly where the fight will be taking place.
Saudi Arabia, which staged AJ’s rematch with Andy Ruiz Jr in December 2019, is believed to be the frontrunner.
Fury confirmed last week before flying to Las Vegas to begin his training that he’d finally received a series of fight offers.
“Just had some big news. Three or four big offers on the table,” he said in a video on Twitter.
“There’s interest from Saudi Arabia, my Gypsy brothers in Qatar, Uzbekistan, Russia, America, England,” he said.
“There’s some big, big offers on the table. I’m going to go through them on Sunday and hopefully we can get this big fight on and I can smash this big dosser.
“Big useless dosser, let me say. Because when I get him I’m going to give him that [clenched fist], you big dosser.”
Joshua has already started training while the Gypsy King is now sharpening his tools in the Top Rank Gym in Vegas.
Fury has shared various videos this week training with his cut man Jorge Capetillo.
His trainer SugarHill Steward has also arrived in Vegas as the trio look to begin their official fight preparations.
Promoter Frank Warren, who manages Fury with Top Rank chief Bob Arum, said earlier this week that he can’t see how the fight happens in July due to AJ’s trainer Rob McCracken’s Team GB commitments.
“I don’t see how any of that can happen in July or even early August from my perspective,” he told talkSPORT.
“Robert McCracken is AJ’s trainer, he’s also our Olympic team’s head coach, so he’s gonna be in Japan – I think the Olympics start on July 23, and I don’t know what the quarantine period is.
“He can’t be in two places at once. That’s if Robert McCracken’s still training AJ, maybe he’s not training the Olympic squad, I’m not sure. That’s one issue.
“I don’t believe this fight will go on until – if it’s late August we’ll be very lucky, maybe September.”
Hearn has been quick to brush aside any negative talk and doubts surrounding the fight and he insists this fight will get made this summer on his watch.
For the first time ever, the Chinese capital has become the new billionaire center of the world. Beijing gained 33 new billionaires in 2020, bringing its total to 100 and narrowly beating New York City’s 99, according to Forbes.
The annual World’s Billionaires List for 2021 showed that the Big Apple added only seven new billionaires in the same time span.
“China bounced back quickly from its pandemic woes, skyrocketing from No. 4 to No. 1 on our annual list,” said the report.
Overall, five Chinese cities ranked among the top 10 globally with the most billionaires. Hong Kong was in third place with 80 billionaires, Shenzhen in fifth with 68, and Shanghai in sixth place with 64. Hangzhou added 21 billionaires, enough to overtake Singapore for the No. 10 spot.
The UK capital, London, also counted seven more billionaire residents, even though it dropped from the fifth spot to the seventh as “the most popular home for ten-figure fortunes.” Rounding out the top 10, Moscow slipped from third place to fourth, while Mumbai and San Francisco – each home to 48 billionaires – tied at No. 8. Also on rt.comWorld debt soars to record $ 281 TRILLION in 2020, set to rise again this year – report
According to the report, Beijing’s wealthiest newcomer is 34-year-old Wang Ning, whose booming toy business Pop Mart went public in Hong Kong in December 2020. “Zhang Yiming, Beijing’s richest denizen and founder of social media sensation TikTok, doubled his net worth to $ 35.6 billion.”
The world’s ultra-wealthy got even richer last year despite the Covid-19 pandemic and economic recessions, said the report. Globally, 660 people became new billionaires, bringing the world total to 2,755 billionaires worth a collective $ 13.1 trillion, per Forbes.
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