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Sony Eyes 2028 or 2029 Launch Amid RAM Shortage

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Sony Interactive Entertainment is reportedly considering a significant delay for the PlayStation 6, pushing its debut to 2028 or even 2029, according to people familiar with the company’s plans cited in a Bloomberg report. The shift stems from ongoing shortages of high-bandwidth memory (HBM) components, skyrocketing prices driven by artificial intelligence demand and a strategy to extend the PlayStation 5’s lifecycle.

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PS5_Pro

A seven-year gap from the PS5’s November 2020 launch would traditionally point to a late 2027 release, aligning with patterns from PS4 (2013) to PS5. However, supply chain woes and strong PS5 sales—bolstered by the PS5 Pro’s November 2025 debut—have prompted Sony to reassess.

Bloomberg Report Details the Delay Factors Bloomberg’s sources indicate Sony executives are wary of launching an expensive next-gen console too soon. HBM memory, crucial for PS6’s targeted performance, faces deficits as AI data centers gobble up supply from manufacturers like Samsung and Micron. Prices have surged, potentially inflating the PS6’s retail cost beyond $700–$800, deterring mass adoption in a market still digesting PS5 Pro units priced at $699.

“Sony is now considering pushing back the debut of its next PlayStation console to 2028 or even 2029,” the report states, marking a departure from earlier optimism. This aligns with analyst David Gibson’s January 2026 forecast from Macquarie, who pegged a “high likelihood” of post-2028 launch, citing Sony’s focus on PS5 longevity.

Sony has remained silent, but President Hiroki Totoki hinted at extended cycles during a February 2026 earnings call, noting PS5 sales exceeding 75 million units and robust software revenue.

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Earlier 2027 Rumors Now in Doubt 2025 leaks fueled 2027 hype. In October, insider “Moores Law Is Dead” claimed PS6 production ramps mid-2027, with a Q4 launch. Reddit discussions and leakers like KeplerL2 echoed this, citing documents showing manufacturing timelines. However, recent X posts and analyst updates dismiss 2027 as unrealistic amid component crises.

Expected PS6 Features Amid Uncertainty Rumors persist on hardware. PS6 is tipped for AMD’s UDNA GPU architecture, Zen 5 CPU, 32GB GDDR7 RAM and ray-tracing prowess rivaling PCs. A dockable handheld variant—echoing PS Vita—surfaced in August 2025 leaks, potentially launching alongside. Pricing speculation: $599 base, per some insiders, half an expected next-gen Xbox.

Sony’s strategy emphasizes backward compatibility, PSSR upscaling (like PS5 Pro) and AI-driven features for 8K/120fps gaming.

Market and Competition Implications A 2028–2029 window gives PS5 more runway, with titles like GTA VI (2026) and potential exclusives sustaining demand. It also syncs with Nintendo’s Switch 2 (mid-2026) and Microsoft’s Xbox next-gen (2028?), per Bloomberg.

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Critics argue delay risks losing ground to PC gaming and cloud services, but proponents see wisdom in avoiding a pricey launch during economic uncertainty.

Sony’s Broader Console Strategy Sony’s pivot reflects industry shifts. PS5 Pro’s success—over 5 million units sold by February 2026—proves mid-gen refreshes extend lifecycles. Handheld rumors suggest diversification, countering Steam Deck and ROG Ally.

Fan reactions on X and Reddit mix frustration and acceptance: “PS6 in 2029? PS5 Pro holds me over,” one user posted.

As rumors evolve, expect clarity at Sony’s February 26, 2026, investor day or Tokyo Game Show. For now, PS6’s horizon stretches further, prioritizing viability over speed.

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Rumors Point to Spring 2026 Announcement for Major Refresh

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Microsoft has yet to confirm an official date for unveiling its next generation of Surface products, but industry speculation, leaks and historical patterns suggest an announcement could come in the spring of 2026, likely between April and May, for devices expected to launch shortly thereafter.

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Surface Pro

As of Feb. 16, 2026, the current flagship lineup — including the Surface Pro (often referred to as Surface Pro 11 or refreshed variants like the 12-inch model) and Surface Laptop (7th Edition) — continues to dominate reviews and sales as top-tier Copilot+ PCs powered primarily by Qualcomm Snapdragon X Elite and Plus processors. These devices, refreshed significantly in 2024 and with smaller-form tweaks in 2025, emphasize AI acceleration, exceptional battery life and premium builds.

Analysts and leakers anticipate the next major Surface refresh to incorporate advancements in Arm-based computing, potentially featuring Qualcomm’s Snapdragon X2 series (including X2 Elite, X2 Plus and Enhanced variants) or even AMD’s rumored Arm-based “Sound Wave” chip tailored for Microsoft’s ecosystem. Such upgrades would build on the Windows on Arm momentum, promising further gains in performance, efficiency and AI capabilities amid intensifying competition from Apple’s M-series Macs and emerging PC rivals.

Rumors trace back to mid-2025 leaks from sources like KeplerL2 on forums and reports from Notebookcheck and Windows Central, indicating AMD’s Sound Wave APUs were designed specifically for a 2026 Surface lineup. These chips target low-power, ultra-mobile devices, potentially powering successors to the Surface Pro and Surface Laptop, or even a refreshed Surface Go-style model. While AMD’s involvement would mark a diversification from Qualcomm partnerships, no official confirmation has emerged, and Qualcomm remains the dominant force in recent Surface Arm transitions.

Microsoft’s release cadence provides clues. The Surface Laptop 7 launched in mid-2024, with consumer models hitting shelves in June and business variants following in early 2025. A follow-up typically arrives 18-24 months later, aligning with spring 2026 for a Surface Laptop 8 or equivalent. Similarly, Surface Pro refreshes often follow suit, though a smaller 12-inch variant debuted in May 2025 alongside a redesigned Surface Laptop 13 in some reports.

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Industry watchers point to April or May 2026 as a plausible window for announcements. This timing would allow Microsoft to showcase next-gen silicon at a dedicated event, similar to the May 2024 reveal that paired Surface hardware with Qualcomm and partners to highlight Copilot+ experiences. A spring launch would position new devices ahead of back-to-school and holiday seasons while capitalizing on Windows 11 updates, including version 26H1 features tied to new hardware in early 2026.

CES 2026 in January provided context but no Surface-specific bombshells. Qualcomm highlighted Snapdragon X2 advancements, with partners like HP, Asus and Dell announcing compatible laptops. Microsoft participated in broader Windows ecosystem showcases but held back on first-party hardware reveals. This restraint fuels speculation that Redmond is saving major announcements for a standalone Surface-focused event, a pattern seen in past years.

Potential features for the next lineup include enhanced NPU performance for deeper AI integration, improved displays (possibly OLED options), better repairability based on recent trends, and continued emphasis on all-day battery life. Pricing could start around $999 for base models, though premium configurations with new chips might push higher. Any AMD Sound Wave integration would represent a bold shift, offering competition within Arm and potentially better graphics or custom optimizations.

Challenges remain. Supply chain readiness for next-gen chips could delay timelines, as seen with past Qualcomm transitions. If Snapdragon X2 availability lags, Microsoft might opt for incremental updates or push announcements into fall 2026, aligning with traditional October hardware events. Windows 11’s evolving security and AI roadmap, including features like Baseline Security Mode rolled out in early 2026, will likely tie closely to new hardware.

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Consumers eyeing upgrades face a decision point. Current Surface Pro and Laptop models remain highly rated for productivity, creativity and portability, often discounted during events like Presidents’ Day sales. Reviewers praise their balance of performance and design, with battery life outpacing many Intel-based rivals.

For those waiting, patience could yield meaningful improvements in efficiency and AI tools. Microsoft has not commented on specific dates or features, maintaining its tradition of surprise reveals. The company’s events page lists ongoing webinars and regional sessions but no hardware-focused keynote as of mid-February 2026.

As the PC market evolves with AI at its core, Microsoft’s Surface division continues to set benchmarks for Windows devices. Whether the next lineup arrives in spring with Snapdragon X2 power or introduces AMD’s Sound Wave surprises, expectations remain high for devices that blend premium hardware with seamless software integration.

Until an official invitation or teaser emerges, speculation will persist across forums, tech sites and social media. For now, the current generation holds strong, but the horizon points to exciting developments in the coming months.

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Energean corrects TASE ex-dividend date for Q4 2025 payout

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Energean corrects TASE ex-dividend date for Q4 2025 payout

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Climate Challenge: A Decade After Paris Agreement

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Climate Challenge: A Decade After Paris Agreement

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JPMorgan Emerging EMEA Securities provides update on Russian lawsuits

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Aussie Dollar Fatigue? Technical Signs Hint At An AUD/USD Pullback

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Aussie Dollar Fatigue? Technical Signs Hint At An AUD/USD Pullback

MarketPulse is an award-winning industry analysis and news site service created by OANDA Business Information & Services, Inc. Covering forex, commodities, global indices and more, our goal is to give timely, relevant and informative commentary on major macroeconomic trends, technical analysis and worldwide events impacting the industry.

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Star WR Becomes Free Agent Amid Major Roster Overhaul

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The Miami Dolphins released eight-time Pro Bowl wide receiver Tyreek Hill on Monday, Feb. 16, 2026, parting ways with one of the NFL’s most explosive playmakers and clearing significant salary cap space as the franchise begins a roster reset under new leadership.

The move, first reported by ESPN’s Adam Schefter and confirmed by multiple sources including NFL Network’s Tom Pelissero, comes amid a flurry of cost-cutting transactions on Presidents’ Day. Hill’s release follows the earlier announcement of edge rusher Bradley Chubb’s departure and includes other veterans like guard James Daniels and receiver Nick Westbrook-Ikhine. Collectively, the cuts are projected to save the Dolphins more than $56 million in 2026 cap space while incurring substantial dead money hits.

Hill, who turns 32 on March 1, becomes an unrestricted free agent for the first time in his career. He is recovering from a devastating left knee injury suffered in Week 4 of the 2025 season against the New York Jets on Sept. 29, 2025. The play resulted in a dislocated knee and multiple torn ligaments, including the ACL, requiring season-ending surgery. Hill was placed on injured reserve Oct. 1 and has been rehabbing since, with uncertainty surrounding his return timeline or full recovery for 2026.

The Dolphins acquired Hill from the Kansas City Chiefs ahead of the 2022 season in a blockbuster trade that sent draft picks and players to Kansas City. Miami then signed him to a four-year, $120 million extension that made him the highest-paid wide receiver at the time. Over four seasons in South Florida, Hill amassed impressive numbers despite the injury-shortened 2025 campaign.

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In 2022, his first year with the team, Hill set an NFL single-season record with 1,799 receiving yards and added 119 catches and seven touchdowns, earning First-Team All-Pro honors. He followed with 1,799 yards again in 2023 (tied for his career high) and 1,799 in 2024, showcasing remarkable consistency as a deep threat and yards-after-catch specialist. Through three full seasons, he totaled 378 receptions for 5,397 yards and 32 touchdowns with Miami, helping fuel one of the league’s most dynamic offenses under former coach Mike McDaniel.

The 2025 season started promisingly but ended abruptly after four games. Hill’s production had shown slight declines in efficiency metrics in recent years, partly attributed to evolving defensive schemes and injuries to quarterback Tua Tagovailoa. Still, his speed and big-play ability remained elite when healthy.

Financially, Hill’s 2026 cap hit loomed large at $51.1 million, including a $29.9 million non-guaranteed base salary, a $5 million roster bonus due early in the league year, and other prorated bonuses. Sources indicated $11 million would have become fully guaranteed had he remained on the roster past a specific March date, with additional guarantees pushing the total to around $16 million if kept through mid-March.

By releasing him before June 1, the Dolphins save approximately $22.9 million in 2026 cap space while absorbing a $28.2 million dead money charge, per salary cap analyses from OverTheCap and Spotrac. Designating the release as post-June 1 could spread the dead money and increase savings, though the immediate move prioritizes flexibility for the new regime.

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The decision reflects broader challenges for Miami entering the 2026 offseason. The team faces cap overages and roster questions, including the status of quarterback Tua Tagovailoa, who carries $54 million in guarantees for 2026. With a coaching change — Jeff Hafley taking over after Mike McDaniel’s departure — the front office appears committed to reshaping the roster around younger, more cost-effective talent.

For Hill, the open market offers opportunities despite his age and injury recovery. As a proven game-changer with track-record speed (once clocked at 4.29 seconds in the 40-yard dash), he could attract interest from teams needing a veteran WR1 or high-impact No. 2. Potential suitors might include squads with cap room and quarterback stability, though contract terms could trend toward shorter deals, incentives tied to health milestones, or lower base salaries to mitigate risk.

Hill’s legacy in Miami includes electrifying moments: game-breaking touchdowns, record-setting performances and leadership in the locker room. Fans and teammates lauded his work ethic during rehab, and he expressed gratitude toward the organization in past interviews.

The release marks the end of an era for one of the NFL’s most dynamic offenses of the early 2020s. Miami now turns to rebuilding its receiving corps, potentially through the draft, free agency or internal development with players like Jaylen Waddle.

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As free agency approaches in March, Hill’s next chapter will be closely watched. Whether he returns to form post-ACL or transitions to a new role, his speed and explosiveness have defined an era in the league.

The Dolphins’ aggressive moves signal intent to regain competitiveness after recent struggles. With cap relief secured, attention shifts to how the front office allocates resources in a pivotal offseason.

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California gas prices surge 40 cents to $4.58 amid refinery closures

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California gas prices surge 40 cents to $4.58 amid refinery closures

Gas prices have surged in California in recent weeks as the state’s supply is constrained due to recent reductions in refining capacity.

The price of gas rose 40 cents in about two weeks, with the average price of gas across the state of California at $4.58 a gallon – an increase from $4.46 the prior week and $4.18 two weeks before that, according to data from AAA.

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Those figures are well above the national average of $2.92 a gallon. California’s gas prices are the highest of all states, topping $4.37 a gallon in Hawaii, $4.15 a gallon in Washington and $3.68 a gallon in Oregon.

Rising gas prices in California come amid a reduction in oil refining capacity due to the wind down of operations at Valero’s refinery in Benicia, as well as the previous closure of the Phillips 66 refinery in Los Angeles. 

GAS PRICES FALL IN JANUARY, GIVING AMERICANS A BREAK AT THE PUMP

Vehicles pass the Phillips 66 Los Angeles Refinery Wilmington Plant on Nov. 28, 2022 in Wilmington, California.

The Phillips 66 Wilmington refinery near Los Angeles previously closed. (Mario Tama/Getty Images)

The closure of the Benicia refinery, located in Northern California, leaves just six operating refineries in the state, which is the largest consumer of fuel among all states except for Texas.

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Two others are located in the Bay Area, including Chevron’s Richmond refinery and PBF Energy’s Martinez refinery. The other four are located in Southern California – Marathon’s Los Angeles refinery, Chevron’s El Segundo refinery, PBF Energy’s Torrance refinery and Valero’s Wilmington refinery.

The tightening refining supply prompted the California state senate’s Republican caucus to write a letter to Democratic Gov. Gavin Newsom that called for a special session to address the worsening “cost and supply crisis” created by state policies targeting the oil and gas industry.

CALIFORNIA ‘TRULY AT A BREAKING POINT,’ STATE SENATOR SAYS AS REFINERIES CLOSE AND GAS PRICES SURGE

Valero refinery in Benicia, California

Valero’s Benicia refinery is scheduled to close, reducing the refining capacity in the state of California. (Paul Morris/Bloomberg)

“California is truly at a breaking point. Refineries are closing, supply is diminishing, and my constituents are paying more at the pump every single day,” Republican state Sen. Suzette Martinez Valladares said in a report by FOX Business’ Jeff Flock that aired on “Mornings with Maria.”

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“It isn’t theoretical, this is happening right now. And the longer we wait to address this issue, the more instability and volatility we’ll see here in California,” she added.

TRUMP CONSIDERS CAPPING STATE GAS TAX, SIGNALS POSSIBLE RELIEF FOR CALIFORNIANS

For the country as a whole, gas prices have trended down over the last year, according to the latest consumer price index (CPI) data from the Bureau of Labor Statistics.

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The BLS’ January CPI inflation report showed that gas prices are down 7.5% over the last year and that prices declined 3.2% from the prior month.

Nationwide energy prices have been largely flat in the last year, with the CPI showing the energy index down 0.1%.

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Declines in gas prices have been somewhat offset by rising prices for electricity and utility gas service, which are up 6.3% and 9.8% over the last year, respectively.

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FOX Business’ Arabella Bennett contributed to this report.

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Popular Newcastle bakery business Deep North expands with new HQ and production site

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The company has also opened a new shop in Ouseburn marking its fourth in the region

Phil Sly, specialist adviser at UMi, with Phil King, owner of Deep North.

Phil Sly, specialist adviser at UMi, with Phil King, owner of Deep North.(Image: CREO COMMS)

A popular bakery business is stepping up its expansion plans as it opens a new production facility and head office in Newcastle. Artisan bakery and coffee company Deep North already draws in the crowds at its three shops in Tynemouth, Ouseburn and Sheepfolds Stables in Sunderland, thanks to its mouth-watering doughnuts all made from scratch in fresh batches every day.

The independent food firm, launched by Phil King and Tom Clark in 2022, produces a fresh batch of its doughnuts each day following a 24 to 36-hour process of making and proving dough, rolling, frying and decorating, with its homemade jams, fillings and glazes. Alongside its shops Deep North also frequently pops up at a number of events and markets.

Now the chain has opened a new store in Ouseburn, marking the company’s fourth in the North East and a major milestone in its ambition to expand its presence across the region. Phil King, owner and director of Deep North, said the expansion will significantly boost its production capacity, while transforming the working environment for its 29-strong team, providing a modern space designed to improve productivity and employee wellbeing.

The new facility also includes office space as well as room to grow as it continues to expand its workforce and its portfolio of stores.

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Mr King said: “We are thrilled to officially unveil our new headquarters and central production kitchen which marks yet another major milestone for the business. It will provide us with the space required to not only increase our production capacity and headcount, but also provide our team with a far better working environment as we continue to innovate and grow.

“It is central to ensuring we can achieve our goal of continuing to open more stores across the region as we continue to expand over the coming months and years. The new shop is adjoined to the kitchen, and customers can sit and have a coffee as they watch our team make the doughnuts. We wanted to create an experiential environment which would open the doors on how we do things.”

Phil King, owner of Deep North (left) with Phil Sly, specialist adviser at UMi.

Phil King, owner of Deep North (left) with Phil Sly, specialist adviser at UMi.(Image: CREO COMMS)

The new facility also gives Deep North space to host a programme of events, including doughnut decorating masterclasses and barista masterclasses, as it looks to continue diversifying its offer.

Mr King added: “We set up Deep North to bring something new to the North East and the launch of a dedicated events programme is another example of how we’re continuing to do just that.

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“We have already delivered our first doughnut decorating masterclasses from the facility and have had bookings for our first barista masterclasses at Ouseburn. We have more plans to use the space in a creative way, which we are excited to roll out this year.”

UMi provided a £40,000 grant to Deep North through the Business Growth Fund, which it managed on behalf of Gateshead Metropolitan Borough Council, North East Combined Authority, and Sunderland City Council.

Phil Sly, specialist adviser at UMi, said: “Deep North is a fantastic example of how the right finance and support can help ambitious businesses realise their goals and scale sustainably.

“The new facility will provide Deep North with the space and infrastructure it needs to grow its workforce, increase output and expand its presence across the region, and we’re delighted to have been able to support Phil and the team on this remarkable journey.”

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Like this story? For more news from the commercial property scene around the regions, visit our dedicated section here for the latest news and analysis within the sector.

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Wendy’s to close hundreds of US restaurants amid sales decline

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Wendy's to close hundreds of US restaurants amid sales decline

Fast-food giant Wendy’s will close hundreds of its U.S. restaurants as it looks to focus on value and boost lagging sales in the domestic market.

In the October through December quarter, the fast-food giant reported same-store sales, or sales at restaurants open for at least one year, declined 11.3% in the U.S.

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While Wendy’s previously announced late last year its intent to close underperforming restaurants, interim CEO Ken Cook provided more details on Friday during the company’s call with investors.

WENDY’S INTRODUCES NEW VALUE MENU WITH 3 PRICE TIERS

A Wendy's burger and drink on a table at a restaurant.

Wendy’s interim CEO Ken Cook said the company will close 5% to 6% of its restaurants. (Al Drago/Bloomberg via Getty Images)

Cook said that the company shuttered 28 locations in the fourth quarter of 2025 and expects to close 5% to 6% of its 5,959 restaurants, or 298 to 358 locations, in the first half of this year.

The planned closures occur as the fast-food giant continues its turnaround plan dubbed Project Fresh. Announced in October 2025, Wendy’s said the strategy is “designed to revitalize the brand, reignite growth, [and] accelerate profitability.”

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Part of its plan to win back customers is shifting its focus to value, as many core customers still feel strained by higher living costs.

THIS FAST-GROWING CHAIN SAYS ‘NO DISCOUNTS’ – AND IT’S PAYING OFF

A customer goes into one of the Wendy's restaurants in lower Manhattan.

The fast-food chain closed 28 locations in the fourth quarter of 2025, interim CEO Ken Cook said. (Zamek/Viewpress/Getty Images)

“Learning from 2025 around value, we swung the pendulum too far towards limited-time price promotions instead of everyday value,” Cook said during the call.

Rivals like McDonald’s have seen success as they hone in on value for customers. The chain, which has focused heavily on value, reported that its U.S. sales rose 6.8% in the fourth quarter, the biggest jump in roughly two years. It’s CEO, Chris Kempczinski, told investors on Thursday that McDonald’s focused on “delivering leadership in value and affordability, and our efforts are working.”

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MCDONALD’S BRINGS BACK EXTRA VALUE MEALS TO LURE BUDGET-CONSCIOUS CUSTOMERS

Wendy’s joined McDonald’s and other fast-food chains in January when it launched a permanent value menu offering called “Biggie Deals.” It introduced new customization options across three price points: $4, $6 and $8.

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Cook also said 2026 will be a “rebuilding year” for the company, and noted the upcoming rollout of a new chicken sandwich and “cheesy bacon cheeseburger.” 

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“Our focus this year is restoring relevance and rebuilding trust with customers through disciplined execution and marketing,” he said.

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Hillman earnings in spotlight: Can housing rebound drive 2026?

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