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Electronic Arts has reported its fourth-quarter earnings. EA did fairly well, meeting some analyst predictions. The gaming company reported fourth-quarter revenues of $1.04 billion, exactly matching predictions by analysts. However, its earnings-per-share were not quite as high as analysts predicted.
EA reported earnings-per-share of $0.55. Analysts expected the gaming giant to report EPS of $0.58. Interestingly, this miss hasn't hurt EA's stock price. In fact, EA's stock price has increased by about seven percent in after-hours trading. This is probably a result of EA's strong mobile performance and the multi-year exclusive Star Wars contract signed with Disney yesterday.
EA executive chairman Larry Probst:
As we enter a new fiscal year, EA is well-positioned for dynamic growth on next generation consoles, PCs, and mobile platforms. With world-class games, a rapidly growing digital business, and top-notch creative talent, we are excited about EA's strategy for FY 2014 and beyond.
According to a CNet report, Nicole Wong, Twitter's current legal director, has been tapped to become the White House's first chief privacy officer. Prior to joining Twitter, Wong served as a vice president and deputy general counsel for Google. She, along with her team, reviewed products before they launched, checking for privacy, copyright, and removal request compliance.
She has experience in the field of privacy and will report to Todd Park, the chief technology officer for President Obama. Wong's law degree was earned at the University of California at Berkeley. After earning her degree, she made partner at Perkins Coie law firm.
Twitter was rated 3.5/4 stars by the EFF in their latest "Who has your back?" survey.
Aaron Greenspan, self-proclaimed co-founder of Facebook, files suit against Zuckerberg and more tech giants over "money services" businesses
This afternoon The Next Web is reporting that Aaron Greenspan has filed suit against not only Mark Zuckerberg, but a handful of other tech giants over so-called "money services businesses." The documents were filed on May 6th making this the latest in a long line of lawsuits filed by Greenspan.
Think Computer, Greenspan's company, is behind the lawsuit that is targeting some of Silicon Valley's more prominent investors and entrepreneurs. More specifically, the lawsuits target those who have invested in, or started up companies who deal with "money services businesses".
The list of defendants include such big names as Facebook, Airbnb, Y Combinator, Square, Sequoia Capital, as well as individuals like Mark Zuckerberg, PayPal founder Max Levchin, Brian Chesky of Airbnb fame, and Reddit CEO Yishan Wong.
Apple are having problems getting wireless carriers to agree to their terms on selling iPhones, with Bloomberg reporting that Apple "is missing out on a chance to court as many as 2.8 billion new smartphone customers, many of them in Asia, as wireless-service providers balk at conditions imposed by the iPhone maker and drag their heels in signing on as partners".
Bloomberg has estimated that Apple have agreements with around 240 carriers across the world, but main competitor Samsung has agreements with over 800 carriers. Big carriers such as China Mobile and Japan's NTT DoCoMo have objected the "high costs of subsidies needed to make the device affordable or other terms they find unacceptable".
This will mean that Apple will have to make the deal more appealing, or risk losing out on countless customers in emerging markets. This is where a cheaper iPhone would help, or if Apple decide to change their ways. Up until now they've not had to worry about this, but with their stock prices absolutely tanking, and sales sputtering to a stop, this is the time when Apple needs to change.
HTC's sales in February weren't too flash, dropping 44% year-over-year when compared to 2012, but things are starting to actually look up for the Taiwanese company.
The HTC One is the savior here, but there is still going to be a battle against the Galaxy S4, but sales of the HTC One have been good in March. Moving into April, HTC sales grew again, by a decent 26% giving the company sales of around $642 million. Two months of continuous growth isn't much, but if HTC can use this current state of growth to continue pushing, they could dig themselves out of this hole.
HTC have an internal target of around $2.3 billion, so we have a long way to go yet.
We've followed the Aereo legal battles for several weeks now, mainly because we feel it's an interesting new service that can bridge the gap between Hulu and Netflix and TV. CBS alleges that Aereo is infringing on their copyright by illegally rebroadcasting their signal. Courts in New York have ruled that this isn't the case.
Ahead of Aereo's launch in Boston, the company has filed a complaint against CBS to keep it from filing lawsuit in the new market. CBS has vowed to file another lawsuit in Boston, saying "we will sue, and stealing our signal will be found to be illegal in Boston, just as it will be everywhere else." Unfortunately for CBS, this hasn't been the case.
Aereo's spokeswoman Virginia Lam:
In response to the CBS companies' repeated threats to sue Aereo in every market that it enters, Aereo today filed a declaratory judgment action in New York naming CBS, its Boston affiliates, and its wholly owned and operated companies located in Aereo's initial expansion markets. The fact that CBS did not prevail in their efforts to enjoin Aereo in their existing federal lawsuit does not entitle them to a do-over in another jurisdiction. We are hopeful that any such efforts to commence duplicative lawsuits to try to seek a different outcome will be rejected by the courts.
Microsoft has announced that over 250 million people are using its cloud storage service, SkyDrive. SkyDrive has received heavy integration into the latest Office, so it's no wonder that usage numbers are up. But just how quickly are they increasing? Microsoft says that 50 million new users have joined since Windows 8 launched in October.
It's been a very busy year for SkyDrive and we'd like to thank all of you for helping us improve the service through your feedback, tweets, Facebook posts, and comments. The service continues to grow: since October 2012 when Windows 8 launched, 50 million more people have started using SkyDrive, helping us reach an important milestone - over 250 million people are now using SkyDrive as the new place to save their files.
Microsoft released the above infographic detailing a brief history of SkyDrive. If you haven't already signed up, Microsoft is still offering 7GB of free storage, which is more than competitors Google Drive and Dropbox.
Google's stock is sure doing well, especially in light of Apple's recent stock values. Today's closing of $861.55 sets an all-time high for Google's stock and ushers in the question as to whether or not Google is going to be the next Apple. After hours trading has brought the stock price up to $863.50.
These recent gains have resulted in Google's market capitalization eclipsing that of Microsoft, placing the company in second place behind Apple. Analysts have put a price target of $1,000 for the company's stock. But, will it make it that high? Or will Google's stock go the way of Apple's?
We'll have to wait and see. However, Google seems to be spending more money on the innovation side of things, creating new markets and products such as Glass. These should ultimately help keep the company on top.
It's no secret that Acer's head of Chinese business, Linxian Lang, is not a fan of Windows RT. He even voiced his opinion on Microsoft building its own RT hardware, stating that the company would "eat hard rice." It appears that those sentiments run deep within Acer with the company's president now speaking out about RT.
While speaking at a company event last Friday, Acer president Jim Wong said that while the company has an extensive RT release plan, it had decided to take another look at things when Surface RT was released. "The plan for an RT tablet is ongoing," Wong said. "To be honest, there's no value doing the current version of RT."
So while we still might see an RT tablet from Acer, it most certainly will not be in this quarter, or maybe even the next. My guess is that Acer will announce or release an RT tablet sometime in Q4 just in time for the holiday shopping frenzy.
This morning we are getting a look into how ASUS performed during the first three months of 2013. The short story is that the company saw a revenue of $3.5 billion which stemmed from strong Tablet sales. ASUS was able to parlay that $3.5 billion in revenue into a solid $202 million in pure profit.
The company did see a significant drop in PC Component and Notebook sales over the same time period in 2012 and 2011, the company says that those drops were offset by tablet sales. Asus sold a whopping 3 million tablets during the first quarter of 2013.
Continuing with the good news, Asus has managed to gain a stronger foothold in the US and has increased its market share from 17 percent in 2012 to an impressive 23 percent already this year. This makes up the seventh straight quarter that ASUS has managed to grow revenue, as well as market share, but analyst are predicting that the company's performance will flatten out during the 2013 Q2 timeframe.