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Tech Across the Globe

Pricier PlayStations: Sony raised the price of its PlayStation 5 across Europe, Australia and New Zealand in a likely preview of a hike in the US as well. The company cited “a backdrop of a challenging economic environment.”

India iPhone increase: Apple ramped up its production in India over the past year to the point where one in every five iPhones now comes from the country.

Tariffs hit receipts: Companies are adding “Trump tariff” surcharges to customer bills to make clear to consumers why prices are rising.

Revalued

TikTok owner ByteDance’s revenue rose 29% to $155 billion in 2024, with strong growth outside of China offsetting a struggling domestic economy.

Today’s must read

In today’s Tech In Depth essay, Ed Ludlow recounts his interview with San Francisco Mayor Daniel Lurie, who is making a renewed pitch for tech startups and businesses to set up in the city. Lurie’s focusing on narrowing the budget deficit for a start, but he’s also trying to show the beautiful side of a hub of tech and venture capital activity.

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