MediaFile

EA: We love Wii U

Back in June, everyone was talking about the Wii U, Nintendo’s first video game console with high-definition graphics unveiled at the Electronic Entertainment Expo (E3) in Los Angeles.

Since then, no one’s heard much more about Wii U, which has a tablet screen for a controller and can be used in conjunction with Wii remotes. Nintendo must be hunkering down to put the finishing touches on it before it hits stores sometime next year.

But Peter Moore, the video game industry veteran who was promoted to be Electronic Arts’ chief operating officer in August, told Reuters this week that everything appears to be on track with the Wii U, at least from his perspective working for a publisher making games for it.

“There are no indications that there’s anything that feels like it’s off target,” Moore said. Nintendo’s stock has taken a beating in recent months and its share price is approaching its low for the year.

Moore said he will be visiting Nintendo’s hometown of Kyoto next week to check on how the console is shaping up.

Live Coverage: Will Apple finally disclose iPad 2 sales figures?

Apple Madrid.jpg

Apple should report another spectacular quarter, but tempered by growing caution over how supply constraints will squeeze margins and restrain iPhone and iPad sales.

Tops on the agenda will be the impact of Japan’s unfolding crisis on component prices and availability, while the spectre of Steve Jobs health and the uncertain timing of the next iPhone continues to hover in the background. Join us for a live chat at 5pm ET / 2pm PT after Apple reports its quarterly financials.

Tech wrap: Facebook friends Google exec

The Facebook logo is displayed on a computer screen in Brussels April 21, 2010. REUTERS/Thierry RogeFacebook signaled an increased interest in deals, poaching a member of Google’s corporate development team to lead its fledgling merger and acquisition efforts and underscoring the rivalry between the social networking company and the search engine giant.

AOL hired Twitter co-founder Biz Stone as a strategic adviser for social impact. Its newest addition, The Huffington Post, also announced several hires. AOL announced last week that it was firing 20 percent of its global workforce and editor in chief for AOL’s Engadget Joshua Topolsky quit over the weekend. Still unclear was the fate of AOL freelancers.

Sales of Apple’s iPad 2 eclipsed that of its predecessor on its debut weekend, with around 1 million units being gobbled up. One analyst sees the iPad 2′s early success as a warning sign of a global tablet bubble, where supply could outpace demand for tablets by about 36 percent. While a glut might not make tablet makers happy, consumers aren’t likely to complain about the price drops that could result.

Live coverage of the iPad 2 launch

iPad2 invite

Live coverage of the expected announcement of Apple’s iPad 2. The event will begin Wednesday March 2 at 10 a.m. Pacific/ 1 p.m. Eastern.

Will Steve Jobs show up? Will Tim Cook pull off a major Apple launch alone? Is the rumored iPad 3 the one to wait for? How have investors traded on the news of big Apple launches?

Until Apple launched the iPad last January, the market for tablet computers was little more than the junkyard heap of laptops with touchscreens found on eBay.  On Wednesday, Apple aims to secure its dominance in a market it (re)created with the expected launch of the iPad 2. Join our correspondents Gabriel Madway and Alexei Oreskovic at San Francisco’s Yerba Buena Center and others around Reuters for a live discussion of the biggest tech event this week.