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Jun 20, 2011

Panasonic sees annual profit down 11 percent following quake

TOKYO (Reuters) – Japan’s Panasonic Corp forecast on Monday its full-year operating profit would drop 11 percent to 270 billion yen ($3.4 billion) in the year to March 2012, after the earthquake and tsunami in northern Japan hit production and sales.

Like many of its rivals, Panasonic delayed its profit forecast due to lack of clarity about the effects of the quake.

Jun 8, 2011

Capcom sticks to its guns in transition to Smurfs

LOS ANGELES (Reuters) – Sticking power was what helped Japan’s Capcom, best known for macho games like Street Fighter and Resident Evil, break out of its niche and score an international smartphone hit with the gentler Smurfs’ Village, the company’s president said in an interview.

“At one point a lot of Japanese companies were buying up American and European mobile gaming companies, hoping to move into the market, but they found it didn’t go as well as they expected, so they pulled out,” Haru Tsujimoto said in an interview at the E3 games convention on Wednesday.

Jun 8, 2011

Nintendo Wii woos hardcore gamers, underwhelms investors

LOS ANGELES, Jun (Reuters) – Nintendo Co Ltd on Tuesday unwrapped a new touchscreen controller as part of its next-generation Wii aimed at winning back hardcore gamers from rivals such as Microsoft Corp’s Xbox, drawing praise from gaming critics but disappointing investors.

While the first new gaming console in five years fell short of being the game-changer the original was — luring millions of new casual users with its simplicity and motion-control — industry executives and analysts gave the Wii U’s touchscreen controller the thumbs-up.

Jun 7, 2011

Sony sees brisk sales of new handheld games device

LOS ANGELES (Reuters) – Sony Corp online gaming network, accessed through its iPhone and other mobile devices, now boasts of 50 million users.

But despite the competition, Sony’s Hirai said the aim is to make a profit on hardware sales of the new handheld PlayStation Vita in less than three years.

Jun 7, 2011

Nintendo lifts lid on Wii U, eyes hardcore gamers

LOS ANGELES, June 7 (Reuters) – Nintendo (7974.OS: Quote, Profile, Research, Stock Buzz) took the
wraps off a high-definition version of its hit Wii, with a
6.2-inch touchscreen-equipped controller that the leading
videogame hardware maker hopes will appeal to a more hardcore
audience.

Early reviews of the Wii U were mixed, with analysts saying
the device stopped short of being game-changing. But some liked
the innovation in the controller, a device slightly larger than
Apple’s (AAPL.O: Quote, Profile, Research, Stock Buzz) iPhone and whose touchscreen, video-call
capability and extra functions may appeal to gamers who play
longer and more intensely.

Jun 7, 2011

New Sony handheld device criticised as too expensive

LOS ANGELES (Reuters) – Sony Corp (6758.T: Quote, Profile, Research) unveiled the pricing of its new PlayStation Vita handheld games device at a flashy Los Angeles event and immediately ran into criticism the gadget was too expensive.

The show featured appearances by sports and rock stars and was a bid by the electronics giant to move on from the computer hacking attacks that forced it to shut down its videogames network for almost a month.

Jun 7, 2011

Sony unveils new handheld device, seen expensive

LOS ANGELES, June 6 (Reuters) – Sony Corp unveiled
the pricing of its new PlayStation Vita handheld games device at
a flashy Los Angeles event and immediately ran into criticism
the gadget was too expensive.

The show featured appearances by sports and rock stars and
was a bid by the electronics giant to move on from the computer
hacking attacks that forced it to shut down its videogames
network for almost a month.

Jun 3, 2011

Sharp eyes profit from small displays, books charge on TVs

TOKYO, June 3 (Reuters) – Japan’s Sharp Corp
forecast an unexpected jump in operating profit as demand for
smartphones and tablets boosts sales, but said a temporary
production halt at two TV panel plants earlier this year would
force it to book an extraordinary charge.

For the year ending March 2012, Sharp expects operating
profit to rise 23 percent to 97 billion yen ($1.2 billion),
substantially above the consensus of 56.8 billion yen, based on
the average of 30 forecasts by analysts polled by Thomson
Reuters I/B/E/S.

May 31, 2011

PlayStation recovery delayed in parts of Asia

TOKYO (Reuters) – Sony Corp said on Tuesday it was not certain when it could fully restore PlayStation Network videogame services in Japan, Hong Kong and South Korea, five weeks after a massive network security breach forced the company to shut them down.

Sony’s delayed response to the attack and a series of other network security problems has sparked criticism from governments and experts and threatens an online strategy meant to unite the sprawling electronics conglomerate.

May 31, 2011

Sony: PlayStation recovery delayed in parts of Asia

TOKYO, May 31 (Reuters) – Sony Corp said on Tuesday
it was not certain when it could fully restore PlayStation
Network videogame services in Japan, Hong Kong and South Korea,
five weeks after a massive network security breach forced the
company to shut them down.

Sony’s delayed response to the attack and a series of other
network security problems has sparked criticism from governments
and experts and threatens an online strategy meant to unite the
sprawling electronics conglomerate.