Arjun Kharpal

1 week ago | cnbc.com | Arjun Kharpal

Sony hiked the price of its flagship PlayStation 5 console in Europe, Australia and New Zealand, citing a "challenging economic environment" behind its move. In Europe, the PS5 Digital Edition will now cost 499.99 euros ($569.9), Sony said in a blog post on Sunday. That is up from a previous price of 449.99 euros. The company said the U.K. recommended retail price is £429.99, a rise from the previous price of £389.99.

2 weeks ago | cnbc.com | Arjun Kharpal

Bitcoin could hit $250,000 as early as this year with technology giants such as Microsoft and Apple entering the cryptocurrency space, industry veteran and founder of the Cardano blockchain Charles Hoskinson told CNBC. Crypto markets have been hammered amid a sell-off of risk assets stoked by U.S. President Donald Trump's "reciprocal tariffs" on countries across the world.

3 weeks ago | cnbc.com | Arjun Kharpal

Apple has made moves to diversify its supply chain beyond China to places like India and Vietnam, but tariffs announced by the White House are set to hit those countries too. U.S. President Donald Trump laid out "reciprocal tariff" rates on more than 180 countries on Wednesday. China will face a 34% tariff, but with the existing 20% rate, that brings the true tariff rate on Beijing under this Trump term to 54%, CNBC reported. India faces a 26% tariff, while Vietnam's rate is 46%.

3 weeks ago | flipboard.com | Arjun Kharpal

3 hours agoTrump hits Apple’s global supply chain with reciprocal tariffsPresident Trump’s new import tariffs will hit Apple hard. The President slapped all major manufacturing countries with heavy import tariffs. This move undermines Apple’s efforts in recent years to diversify its supply chain away from China. The reciprocal tariffs will go into effect starting April 9. …18 hours agoWhy does Apple TV+ exist?

3 weeks ago | cnbc.com | Arjun Kharpal

Tesla sales of its China-made cars fell in March as competition from local players like BYD intensified. Tesla sold 78,828 electric vehicles in China in March, down 11.5% year-on-year, according to data from the China Passenger Car Association (CPCA) released on Wednesday. However, sales rose 157% compared with the 30,688 cars bought in February. The U.S. carmaker is facing a number of headwinds in China, in particular mounting challenges from local rivals — which, unlike Tesla, logged growth.