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Valve, the maker of the popular Steam Deck handheld PC gaming console, is launching new video-game hardware, Steam Machine, in 2026.

Luxury’s next phase of growth will be harder to win. Innovation can no longer be confined to products. The brands best positioned for the future are those rethinking it.

Total revenue of $378 million was up 8.7%, or 9.1% on a constant currency basis, compared to the same quarter in 2024. This ...