Voi Achieves First Profitable Year, Eyes IPO in 2-3 Years
Swedish micromobility giant Voi reports €132.8 million in net revenue and €100,000 in adjusted profit, marking its first profitable year and paving the way for a potential IPO.
Jordan Vega
The tech industry is bracing for a significant impact as the Trump administration's tariffs are set to increase the prices of gadgets, including the highly anticipated Nintendo Switch 2. The tariffs, which could raise the price of almost everything consumers buy, will have far-reaching implications for the industry, from hardware manufacturers to consumers.
In a recent episode of The Vergecast, experts discussed the potential effects of the tariffs on the tech industry, with a particular focus on the Nintendo Switch 2. The console, set to launch on June 5th for $449.99, may see a significant price hike due to the tariffs. The hosts of the podcast, including David Pierce and Nilay Patel, explored the implications of the tariffs on the console's pricing and availability.
Tariffs are not the only factor affecting the Switch 2's launch. The console's specs, including a 1080p 120Hz display, 4K dock, and mouse mode, have been confirmed, and Nvidia has announced that the console will feature DLSS and real-time ray tracing. However, the tariffs may offset the excitement surrounding the console's launch, as consumers may be deterred by the increased price.
The tariffs will not only affect the Switch 2 but also have a broader impact on the tech industry. According to Tuneshine creator Tobias Butler, even small price changes can have significant knock-on effects on hardware companies. Butler explained that Alibaba, a crucial platform for hardware companies, will be affected by the tariffs, leading to changes in the way companies do business.
The tech industry is not the only sector affected by the tariffs. The auto industry, for example, has called the tariffs "a debacle of epic proportions." The tariffs have also sparked concerns about the impact on free trade and the global economy.
In addition to the tariffs, the tech industry is also grappling with other significant issues, including the ongoing TikTok ban and the implications of the Trump administration's economic policies. The Vergecast episode touched on these topics, including the potential buyers of TikTok and the latest developments in the ban.
As the tech industry navigates these complex issues, one thing is clear: the tariffs will have a significant impact on gadget prices, including the Nintendo Switch 2. Consumers and manufacturers alike will need to adapt to the new reality, and the industry will be watching closely to see how the tariffs play out in the coming months.
In the meantime, The Vergecast has been nominated for a Webby Award, and readers can vote for the podcast once, or multiple times, to show their support. The Vergecast is a leading source of tech news and analysis, and its coverage of the tariffs and their impact on the industry is a must-listen for anyone interested in staying up-to-date on the latest developments.
Swedish micromobility giant Voi reports €132.8 million in net revenue and €100,000 in adjusted profit, marking its first profitable year and paving the way for a potential IPO.
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