INDIANAPOLIS (WISH) — Jane King has a look at Friday’s business headlines.
Pizza Hut has best quarter in a decade
Pizza Hut just had its best quarter in a decade.
People are still relying on pizza delivery during the pandemic.
Pizza Hut also closed some underperforming restaurants and that helped boost sales as well.
Apple, Hyundai close to deal on autonomous vehicle
Apple is close to finalizing a deal with Hyundai-Kia to manufacture an Apple-branded autonomous electric vehicle at the Kia assembly plant in West Point, Georgia.
Sources familiar with Apple’s interest in working with Hyundai say the tech giant wants to build the “Apple car” in North America with an established automaker willing to allow Apple to control the software and hardware that will go into the vehicle.
Sony struggling to meet PS5 demand
Gamers hunting for a PlayStation 5 may have to wait a bit longer to find one.
Sony warned it’s struggling to meet demand for the hot-selling game console as it grapples with a shortage of computer chips.
Despite the production woes, Sony said it sold 4.5 million PS5 consoles from its November launch through the end of December.
eBay had a good holiday season
eBay topped Wall Street expectations for holiday-sales as more homebound buyers flocked to its platform for shopping during the COVID-19 pandemic.
The pandemic has forced millions of Americans to stay indoors, leading to a surge in online orders for e-commerce companies including eBay, Amazon and Walmart’s online business.
Mints, gum sales are down
Hershey’s mint and gum sales have plummeted because of social distancing and masks during the pandemic.
Overall sales were up for Hershey, thanks to baking products and snacks.
The company launched an ad campaign to try to boost sales.