Malathi's Feed
Sep 11, 2013

Apple’s two new iPhones target high and low-end markets

CUPERTINO, California (Reuters) – Apple Inc unveiled on Tuesday an iPhone with a fingerprint scanner to help it stand out among the smartest of phones and a cheaper, colorful plastic model for emerging markets that proved pricier than expected.

The entry-level “iPhone 5C” comes in five hues – blue, green, pink, yellow and white – and starts in the United States at $99 with a contract, or $549 without, signaling prices that may disappoint those hoping for an aggressive assault on China and India. Apple has been losing ground to Samsung and Huawei in those countries.

Sep 4, 2013

Disney’s ‘Infinity’ video game sees brisk retail sales

SAN FRANCISCO, Sept 4 (Reuters) – Walt Disney Co’s
recently launched video game “Infinity” is selling strongly and
major retailers report they are replenishing stock to meet
demand, an encouraging start for the media giant’s plans to turn
around its loss-making game division.

GameStop, Toys”R”Us and Wal-Mart Stores said
they are restocking to stay ahead of demand for the game, which
was released on Aug. 18.

Sep 4, 2013

Microsoft says most Xbox One pre-order supply sold out

SAN FRANCISCO (Reuters) – Retail stores in many markets have run out of Microsoft Corp’s Xbox One consoles available for pre-orders, a senior company executive said, ahead of a major clash with Sony Corp’s new lower-priced Playstation 4 this November.

Microsoft’s first new gaming console in eight years will go on sale November 22 in 13 countries, Yusuf Mehdi, vice president of marketing, strategy and business for the Xbox, said in an interview.

Aug 28, 2013

Nintendo cuts Wii U price, plans lower-priced device for holidays

SAN FRANCISCO, Aug 28 (Reuters) – Nintendo Co Ltd
plans to offer a new handheld gaming device and a $50 discount
on its most expensive Wii U console in North America and Europe,
to compete with rivals Microsoft Corp and Sony Corp
as they prepare to release new hardware.

Nintendo said on Wednesday it will start selling the
product, called 2DS, on Oct. 12, priced at $129.99, which is $40
and $70 less than its two 3DS devices. The new gaming device is
a lower-resolution version of the popular 3DS and will play DS
games and 3DS games in 2D graphics.

Aug 28, 2013

Nintendo releasing new handheld game device, cheaper Wii U for holidays

SAN FRANCISCO, Aug 28 (Reuters) – Japanese game maker
Nintendo Co will launch a new and inexpensive handheld
gaming device and offer a $50 price cut for its 32GB Wii U
console in North America and Europe this holiday season in a bid
to reverse weak sales and woo gamers back to its offerings.

Dubbed the “2DS” and priced at $129.99, the new addition to
Nintendo’s 3DS range will go on sale on Oct. 12 and play 3DS and
DS games with 2D graphics, as its name suggests.

Aug 23, 2013

Chronology: Steve Ballmer’s tenure as Microsoft CEO

SAN FRANCISCO (Reuters) – Microsoft Corp CEO Steve Ballmer unexpectedly announced on Friday that he would retire in 2014, 13 years after he took over the dominant personal computer software company and tried to steer it into growing markets like video games, portable music players, smartphones and tablets.

The following is a chronology of events during Ballmer’s time as Microsoft chief executive.

Aug 23, 2013

Steve Ballmer’s tenure as Microsoft CEO-

SAN FRANCISCO, Aug 23 (Reuters) – Microsoft Corp CEO Steve
Ballmer unexpectedly announced on Friday that he would retire in
2014, 13 years after he took over the dominant personal computer
software company and tried to steer it into growing markets like
video games, portable music players, smartphones and tablets.

The following is a chronology of events during Ballmer’s
time as Microsoft chief executive.

Aug 22, 2013

GameStop boosts profit forecast on console outlook; stock jumps

Aug 22 (Reuters) – GameStop Corp raised its 2013
earnings forecast on Thursday, counting on new consoles from
Microsoft Corp and Sony Corp to boost holiday
season spending on video games and reverse the sector’s decline.

Shares of GameStop, the world largest retailer of video
games, closed up 9 percent after quarterly results exceeded Wall
Street’s expectations.

Aug 22, 2013

GameStop raises forecast ahead of release of new game consoles

Aug 22 (Reuters) – GameStop Corp, the world’s
largest retailer of video game products, raised its full-year
earnings forecast, citing strong pre-orders for the upcoming
game consoles from Microsoft and Sony.

GameStop’s shares were up about 14 percent in early trading
on the New York Stock Exchange.

Aug 1, 2013

Activision CEO says ‘business as usual’ after buyback deal

SAN FRANCISCO (Reuters) – Activision Blizzard Inc will conduct “business as usual” for now while it explores growth and acquisition opportunities, the video game publisher’s CEO said on Thursday after sealing a deal last week to buy back most of parent company Vivendi’s stake for more than $8 billion.

CEO Bobby Kotick would not be drawn out on his plans for the No. 1 video games publisher, which in past years has managed to outpace its rivals thanks to blockbuster franchises such as “Call of Duty.” On Thursday, it reported a 42 percent drop in second-quarter revenue, reflecting broad contraction in the video games industry and a lighter games-release schedule.