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The PlayStation 2 was first released in 2000 in response to Sony's hugely popular original PlayStation. The PS2 has become the best-selling video game console of all time. As of May 2023, it had sold over 158 million units worldwide. The latest PlayStation 5 console has sold around 45.4 million units as of the most recently measured period. Nintendo's Switch is the only current-generation console among the five best-selling consoles of all time with over 131 million units as of December 2023.
PlayStation console history
PlayStation is a Japanese video game brand produced by Sony Interactive Entertainment, a division of the Sony Corporation. The PlayStation video game console is the most widely known product under the PlayStation umbrella. The first-generation PlayStation console was released in Japan in December 1994, and worldwide the following year. Since then, Sony has released a further four generations of video game consoles - PlayStation 2, PlayStation 3, PlayStation 4, and the latest PlayStation 5 which was released in November 2020. Sony has also released two handheld video game consoles: the PlayStation Portable and the PlayStation Vita.
Nintendo console history
Nintendo registers three devices in the top five for all-time sales of video game consoles. Nintendo released its first series of home consoles in 1977 with the Color TV-Game. In 1983, the company released the Nintendo Entertainment System (NES), a console that has recorded close to 62 million lifetime sales globally. This was followed by the Super Nintendo Entertainment System (SNES), Nintendo 64 (N64), and Nintendo GameCube, respectively. In 2006, Nintendo released the Wii, the popular home console with motion control features. Nintendo’s latest home console, the Nintendo Switch, was first released in 2017.
In 2022, MGM Resorts was the top-ranking casino company in terms of revenue. It generated a total of 13.13 billion U.S. dollars in 2022, its closest competitor being Caesars Entertainment with a revenue of 10.82 billion U.S. dollars in the same year.
What happens in Vegas…
… does not always stay in Vegas – while almost half of the largest selected casino companies globally were headquartered in Las Vegas, the remaining companies were based in Pennsylvania (U.S.), Hong Kong, and Malaysia. Las Vegas Sands, whose name lends itself to the contrary, has based over half of its casino properties in Asia, and in 2022, the Las Vegas Sands property with the highest revenue was Marina Bay Sands in Singapore by a significant margin. A major factor for these companies when deciding on where to base their casino locations are gambling laws and tax rates.
Is Macao the new Las Vegas?
Macao has become an increasingly popular casino location in recent years and, for this reason, is also known as the “Las Vegas of Asia”. Along with Hong Kong, it is one of two Special Administrative Regions in China, both allowing the legalization of gambling. The total revenue of Macao's casinos was over five billion U.S. dollars in gross revenue in 2022. To compare, revenue from gambling in Nevada amounted to roughly 14.84 billion U.S. dollars in the same year.
In 2023, younger consumers were the most likely to buy a product they had seen on a social media platform. According to the survey, almost 70 percent of Gen Z and over nine out of ten millennial shoppers in the United States purchased an item they had previously seen on their social media feed.
In October 2023, the public debt of the United States was around 33.7 trillion U.S. dollars, around two trillion more than a year earlier, when it was around 30.93 trillion U.S. dollars. The U.S. public debt ceiling has become one of the most prominent political issues in the States in recent years, with debate over how to handle it causing political turmoil between Democrats and Republicans.
The public debt
The public debt of the United States has risen quickly since 2000, and in 2022 was more than five times higher than in 2000. The public debt is the total outstanding debt that is owed by the federal government. This figure is comprised of debt owed to the public (for example, through bonds) and intragovernmental debt (debt owed to various governmental departments), such as Social Security.
Debt in Politics
The debt issue has become a highly contentious topic within the U.S. government. Measures such as stimulus packages, social programs and tax cuts add to the public debt. Additionally, spending tends to peak during large global events, such as the Great Depression, the 2008 financial crisis, or the COVID-19 pandemic - all of which had a detrimental impact on the U.S. economy. Although both major political parties in the U.S. tend to blame one another for increases in the country's debt, a recent analysis found that both parties have contributed almost equally to national expenditure.
Debate on raising the debt ceiling, or the amount of debt the federal government is allowed to have at any one time, was a leading topic in the government shutdown in October 2013. Despite plans from both Democrats and Republicans on how to lower the national debt, it is only expected to increase over the next decade.
In 2022, the import value of services to China amounted to around 465 billion U.S. dollars, increasing significantly from around 427 billion U.S. dollars in the previous year. Meanwhile, China's export value in 2022 amounted to about 424 billion U.S. dollars. Total value of services imported to and exported from China in 2022 was around 889 billion U.S. dollars.
Toyota Motor Corporation was the leading domestic company in Japan based on market capitalization, which amounted to around 45.6 trillion Japanese yen in November 2023. Sony Group Corporation ranked second with a market capitalization of close to 16 trillion yen. With an aggregate market capitalization of over 705 trillion yen, the Tokyo Stock Exchange is one of the largest in the world.
One of the main factors driving high rents across European cities is the same as any other consumer-driven business. If demand outweighs supply, prices will inflate. The drive for high paid professionals to be located centrally in prime locations, mixed with the low levels of available space, high land, and construction costs, all keep rental prices increasing.
In the third quarter of 2023, Munich was the most expensive city to rent a furnished studio. For one-bedroom apartments or a furnished private room, the most expensive city was Amsterdam. At almost 1,650 euros per month, renting a studio in Munich cost about 1,000 euros more than a studio in Budapest.
In many European countries owning your home is more commonplace than renting – for instance, in Romania, the homeownership rate is over 95 percent. In the UK, affordability of housing is one of the leading housing concerns, with the majority of adults agreeing that first-time buyers getting on a property ladder is a very or somewhat serious problem. More in-depth information on the topic can be found in the report on residential real estate in Europe.
In the United Kingdom (UK) in 2023, Aldi was the cheapest food retailer to purchase Christmas dinner from. Ingredients for a Christmas dinner from Aldi cost on average 22.30 British pounds, followed by Lidl at 22.44 British pounds.
A 2023 survey showed that the majority of UK consumers intended to have roast potatoes as a part of their Christmas dinner. Roast potatoes were the most popular dish by far. Turkey was the most popular meat, with about 62 percent of consumers saying they were planning to eat it on Christmas. To pair with their dinners, 16 percent of consumers said they would be drinking prosecco. Another 16 percent said they planned to drink a spirit and mixer of some sort on Christmas.
Although gifts comprise the majority of Christmas spending in the UK, food is still a significant expenditure for many adults. In 2020, food was the second-largest expense after gifts, but as of 2021, hotel stays overtook food expenses, with 197 and 154 British pounds spent on each, respectively. For 2023, consumers reduced their expenses across categories. London's consumers spent the most during Christmas, with just under 973 British pounds spent per person.
The energy supply in Mexico experienced a Consumer Price Index (CPI) of 117.26 points in October 2023, up from 113.05 points in the previous month. Energy prices in Mexico reached the peak of the indicated period in March 2022, with a CPI of more than 124 points.
In 2022, there were about 6.1 marriages per 1,000 residents in Australia. A decade before, the crude marriage rate was at the lower rate of 5.4 per 1,000 country residents.
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