PitchBook: robotics and physical AI companies have raised ~$48B YTD, as they gather training data from people completing tasks in factories, offices, and homes (Rafe Rosner-Uddin/Financial Times)
Multiply Labs, which develops robotic systems to automate pharmaceutical manufacturing processes, raised a $75M Series B led by Patrick Soon-Shiong's NantWorks (Maria Deutscher/SiliconANGLE)
Circana: US Xbox unit sales fell 33% YoY to an all-time low in 2026 through August, while PS5 sales fell 25%, as both consoles hit record high average prices (Kaan Serin/Eurogamer.net)
Sources: Netflix is preparing for layoffs that will impact ~5% of employees, or ~850 jobs, amid pressure over weakened engagement and a depressed stock price (Matthew Belloni/Puck)
Global PC shipments dropped 20.1% YoY in Q3 to 62.7M units due to higher prices and supply issues; Lenovo dropped 22.6% YoY, HP 30.9%, Dell 25%, and Apple 11.3% (IDC)
Sources: Apple told some suppliers to cut iPhone 18 Pro and Pro Max component production by 15%-20% as higher memory costs pushed up prices and hurt demand (Nikkei Asia)
A profile of Garmin CEO Cliff Pemble, who helped diversify its GPS product lines and grew annual revenue from $2.6B in 2013 to a record $7.2B last year (Brent Crane/Bloomberg)