Malathi's Feed
Nov 15, 2013

Apple marketing executive says Samsung hurt iPhone, iPad demand

SAN JOSE, California (Reuters) – A top Apple Inc executive testified on Friday that Samsung Electronics Co Ltd undermined his company’s marketing efforts, reputation and business by selling devices that copied the iPhone and iPad.

Apple marketing chief Phil Schiller appeared as a witness during a damages retrial between the two companies in a San Jose, California, federal court. Schiller also denied that Apple launched the iPad mini as a response to competition in the tablet market, saying Apple was merely trying to make a better product.

Nov 14, 2013

Sony banks on PlayStation 4 to win holiday console battle in recovery campaign

SAN FRANCISCO (Reuters) – Sony Corp (6758.T: Quote, Profile, Research) hopes its PlayStation 4 video game console, to be released on Friday, can win a sales battle brewing with Microsoft Corp (MSFT.O: Quote, Profile, Research) and build a platform for recovery at the Japanese firm’s loss-making consumer electronics operations.

Launching the PS4 a week before Microsoft’s Xbox One console hits stores, Sony has marketed the device aggressively in a TV and social media advertising blitz that the company believes will pay off in the United States’ year-end holiday season.

Nov 8, 2013

What’s the #TWITTERIPO buzz on Twitter?

SAN FRANCISCO (Reuters) – As Twitter Inc had its coming-out party on the New York Stock Exchange on Thursday, the micro-blogging service exploded with a flurry of enthusiastic, lyrical and snarky tweets during the stock’s frenzied rally.

Seeing the stock start trading without a hitch, Anthony Noto, @anthonynoto, the Goldman Sachs banker who led the initial public offering, wrote a simple tweet: “Phew!”

Nov 7, 2013

Activision Blizzard lowers outlook for fourth quarter

SAN FRANCISCO (Reuters) – Video game publisher Activision Blizzard Inc, known for its “Call of Duty” franchise, said it raised its 2013 forecast but lowered its revenue estimates for the current quarter after warning that it could face a challenging holiday period.

The company’s stock dropped 2 percent in late trade from a close of $16.53 on the Nasdaq.

Nov 6, 2013

Activision Blizzard’s raises 2013 forecast, third quarter revenue beats Street

SAN FRANCISCO (Reuters) – Video game publisher Activision Blizzard Inc slightly raised its 2013 outlook driven by better-than-expected third-quarter earnings, the company said on Wednesday.

Activision, which closed a $8.2 billion deal last month to buy back most of its shares from French media conglomerate Vivendi, said that it expects GAAP earnings per share of 83 cents in 2013, compared to its previous forecast in the range of 80 cents to 82 cents.

Nov 6, 2013

Activision Blizzard’s raises 2013 forecast, Q3 revenue beats Street

SAN FRANCISCO, Nov 6 (Reuters) – Video game publisher
Activision Blizzard Inc slightly raised its 2013
outlook driven by better-than-expected third-quarter earnings,
the company said on Wednesday.

Activision, which closed a $8.2 billion deal last month to
buy back most of its shares from French media conglomerate
Vivendi, said that it expects GAAP earnings per share
of 83 cents in 2013, compared to its previous forecast in the
range of 80 cents to 82 cents.

Nov 6, 2013

‘Call of Duty: Ghosts’ video game passes $1 bln in sales to retailers

SAN FRANCISCO, Nov 6 (Reuters) – Activision Blizzard Inc’s
latest title from its blockbuster “Call of Duty” video
game franchise surpassed $1 billion in sell-in sales – the
number of copies shipped to retailers – a day after its launch,
the company said on Wednesday.

Activision shares were relatively unchanged at $16.63 in
early afternoon trade on the Nasdaq.

Nov 6, 2013

‘Call of Duty: Ghosts’ passes $1 bln in 1st-day sales, sets record

SAN FRANCISCO (Reuters) – Activision Blizzard Inc’s latest title from its blockbuster “Call of Duty” video game franchise surpassed $1 billion in retail sales a day after its launch, the company said on Wednesday.

Activision shares were relatively unchanged at $16.63 in early afternoon trade on the Nasdaq.

Nov 6, 2013

‘Call of Duty: Ghosts’ video game passes $1 billion in first-day sales

SAN FRANCISCO (Reuters) – Activision Blizzard Inc’s latest title from its blockbuster “Call of Duty” video game franchise suprassed $1 billion (£621,233,770.27) in retail sales a day after its launch, the company said on Wednesday.

Activision shares were relatively unchanged at $16.63 in early afternoon trade on the Nasdaq.

Nov 6, 2013

‘Call of Duty: Ghosts’ video game passes $1 bln in 1st-day sales

SAN FRANCISCO, Nov 6 (Reuters) – Activision Blizzard Inc’s
latest title from its blockbuster “Call of Duty” video
game franchise suprassed $1 billion in retail sales a day after
its launch, the company said on Wednesday.

Activision shares were relatively unchanged at $16.63 in
early afternoon trade on the Nasdaq.