Apple Leads Singles’ Day Smartphone Sales as iPhone 17 Demand Surges 
Australia Releases New National AI Plan, Opts for Existing Laws to Manage Risks 
Nexperia Urges China Division to Resume Chip Production as Supply Risks Mount 
TSMC Accuses Former Executive of Leaking Trade Secrets as Taiwan Prosecutors Launch Investigation 
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup 
Norway’s Wealth Fund Backs Shareholder Push for Microsoft Human-Rights Risk Report 
Apple Appoints Amar Subramanya as New Vice President of AI Amid Push to Accelerate Innovation 
Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman 
Quantum Systems Projects Revenue Surge as It Eyes IPO or Private Sale 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Morgan Stanley Boosts Nvidia and Broadcom Targets as AI Demand Surges 
Coupang Apologizes After Massive Data Breach Affecting 33.7 Million Users 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Banks Consider $38 Billion Funding Boost for Oracle, Vantage, and OpenAI Expansion 
Apple Alerts EU Regulators That Apple Ads and Maps Meet DMA Gatekeeper Thresholds 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns 
Fans who are in looking forward to a new Nintendo Switch console this year are in for a disappointment. Apparently, the company won’t be releasing new hardware this year like what Sony and Microsoft are doing.
This year will mark the launching of the next-gen of consoles from Sony and Microsoft. Sony will be launching the PlayStation 5 in the U.S. in Holiday 2020, which could be anywhere from October to December this year, according to Tech Radar.
Meanwhile, Microsoft is also set to release its next-generation gaming console either in November od December this year, according to Pocket-lint. Called the Xbox Series X, the hardware boasts of top-of-the-line specs such as 12 teraflops of GPU performance, which is double that of the Xbox One X.
However, Nintendo will be bucking the trend as the company won’t be releasing a new console this year. However, this is not unusual for the company, according to CNET. “Nintendo's hardware history has often seen strange periods of quiet, and others where everything happens at once,” the publication noted.
It has been three years since Nintendo Switch was introduced in 2017. To mark its third year anniversary, Forbes revealed some figures showing just how successful the console is.
The console became the fastest-selling console in the U.S. when it launched in 2017. In three years, 52.48 million Nintendo Switch consoles were sold. If the trend continues, it just might catch up to the performance of Sony PlayStation 4, which sold 106 million units in six years.
The publication also revealed that 71 percent of those who owned the Nintendo Switch console also own one current-gen console such as the PlayStation 4 or the Xbox One. This cements the console as a popular “secondary” console, which is likely due to its library of exclusive titles and its hybrid design. This could mean that the upcoming releases of the Xbox Series X and PlayStation 5 won’t affect its sales that much.
The commercial success of the console is good news for Nintendo as well. Three years after its launch, the company’s stock price rose 66 percent.
