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Business, Financial & Legal Posts - Page 121

Rovio brings on Jami Laes as Executive VP of Games

Rovio has brought on a new person to oversee the development of new games. Jami Laes is Rovio's new executive vice president of games and will oversee the Finnish gaming studio's new game development. Laes is no newcomer to the world of games as he has previously worked at EA and Digital Chocolate.


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Rovio needs to expand beyond its hit series, Angry Birds, in order to continue as a gaming studio. Laes will play an important roll as the gaming studio works to develop other hit games. After all, there's only so long Angry Birds can be tweaked before people get bored of the game and move to something new.


Thinking back, this was a natural next step in my career. I have always been a huge fan of Angry Birds, and it has been great to see the phenomenal success that Rovio has already achieved. Even so, we've only seen a fraction of what can be achieved with great brands like Angry Birds and Bad Piggies, and I wanted to be a part of building that story.

Estimates place Nexus 10 sales lower than Microsoft Surface

Estimated sales numbers for the Nexus 10 aren't very positive. In fact, the estimates place sales of the Nexus 10 below that of the Microsoft Surface, which is widely regarded as a flop product. So, just how bad is it? Estimates suggest that Google has only sold somewhere between 680,000 and one million Nexus 10's.


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Neither Samsung or Google provided data regarding tablet sales, but some interesting extrapolations by Ben Evans resulted in those numbers. Since the Nexus 10 features a relatively uncommon screen resolution, Evans was able to use Google's development data for screen sizes. Only 0.1 percent of devices hitting the Play Store featured the resolution present on the Nexus 10.


An estimate of 680 million Android users at the end of March was used, though this could be slightly off base. Even still, sales numbers of the Nexus 10 aren't good, especially when compared to Apple's. Apple managed to sell 36.9 million iPads in the second half of 2012 and 10 million iPad minis in Q4 alone.

ReportTT: Apple stops placing orders to Mac components

Reports continue to pour in that seem to show Apple is faltering. The latest report is from the hit-and-miss DigiTimes who say that Apple have stopped placing orders for Mac components amid worse-than-expected PC sales. PC sales declines have hurt all PC manufacturers and Apple appears to be hit as well.


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The report cites sources in the "upstream supply chain." These suppliers are worried that shipments might not resume until late May. They say that at the end of 2012, Apple placed aggressive orders, either missing the impact their iPad is having on the PC market or expecting not to be hit by the PC decline.


We will know more about how Apple performed this quarter when they release their financial results on Tuesday.

Twitter launches its new #Music app for the web and iOS

This morning Twitter announced a new music service called #Music. Going live today, #Music will be centered around four tabs; popular, emerging, suggested and #nowplaying.


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The first two tabs will give users an idea of what is hot, and a fresh new way to discover new artist. The suggested category will suggest new music based on your listening habits.


This new service stemmed from Twitter's acquisition of the popular website We Are Hunted, which was based around a Spotify app that streamed music based around top tracks endorsed by reputable blogs. The new service is said to be integrated with Spotify, Rdio and iTunes, but is not yet live as of this writing. However, it is expected to launch before the end of the day.

Intel CEO curbs speculation on chip manufacturing deal with Apple

There has been much speculation over a deal between Intel and Apple in which Intel would pick up the ARM chip manufacturing contract that Apple wants to pull from Samsung. A while back we covered the rumors here at TweakTown.


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During Tuesday's quarterly earnings report conference call, Intel CEO Paul Otellini put to rest all of the speculation when a reporter asked if the rumors were true. Otellini, not looking to drum up further speculation, answered with a resounding "No."


Intel already provides Apple with the processors for its notebook and desktop computers and sees Apple's A series of processors as direct competition to its ARM line. The company is not looking to enable the competitor any further, but Otellini did leave the door open to possible future deals if they involved multi-foundry options. "It would be great if we could form a strategic relationship with a customer so that it went beyond just a single foundry transaction," said Otellini.

Bitcoin exchange Bitfloor closes its doors, could be a sign of things to come

Not all that glitters is gold, and this morning Bitcoin investors who traded on the Bitfloor Bitcoin exchange are waking up to that hard to learn lesson. Bitfloor has announced that it has been forced to cease all operations due to reasons "outside of our control."


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Bitfloor, while not as popular as Mt. Gox, was still a key player in the Bitcoin game. In the wake of last week's Bitcoin crash, the exchange has had its bank account closed and as a direct result, must end all trading. We are guessing that when the massive sell off was over, the bank deemed Bitfloor too much of a risk and opted to part ways in an act of self-preservation.


Roman, the founder of Bitfloor, had the following to say:


"I am sorry to announce that due to circumstances outside of our control BitFloor must cease all trading operations indefinitely. Unfortunately, our US bank account is scheduled to be closed and we can no longer provide the same level of USD deposits and withdrawals as we have in the past. As such, I have made the decision to halt operations and return all funds. Over the next days we will be working with all clients to ensure that everyone receives their funds. Please be patient as we process your request."

Continue reading 'Bitcoin exchange Bitfloor closes its doors, could be a sign of things to come' (full post)

Cirrus' revenue earnings down due to 'lacklustre iPhone demand'

Apple's shares received yet another stab in the heart, getting themselves stuck in a riptide below $400. Now we have chip vendor Cirrus Logic, a company that Apple has used for a long time now for iPhone audio chips reporting some not so great earnings.


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Barron's latest node from Needham & Co analyst Vernon Essi Jr. says that one of the big reasons Cirrus will miss their quarterly revenues is because Apple is "losing its mobility mojo". The analyst says that the guidance "indicates that the recent fears of Apple's lackluster iPhone demand in 2013 are warranted" and that sales "are more likely in the 55M range for 1H2013 vs. Street forecasts that are above 60M units".

Reddit co-founder wants to buy out Jay-Z's share of the Brooklyn Nets NBA team

Right now, Jay-Z is a part-owner of the NBA's Brooklyn Nets, but if Reddit co-founder Alexis Ohanian has his way, he'll soon replace the rapper as the part-owner. Jay-Z announced earlier today that he intends to become an agent for NBA players, which means he'll have to sell his 0.067% stake in the Nets.


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These shares, are what the Reddit co-founder are after, and he actually tweeted his interest in the Nets earlier this week. Ohanian hit Twitter up again on Wednesday, posting the above tweet. In the thread he linked to, he makes a compelling case on what he could bring to the table if he had that sliver ownership of the Nets:


I realize it's a token amount. But I actually live in Brooklyn and I'm pretty good with the Internet - I reckon that could be helpful. Also - AMAs from ALL THE PLAYERS.

Wireless Charging Alliance sees new recruits in Samsung, HTC and LG - all three will release compatible devices in 2014

Power Matters Alliance have announced that they've found some new recruits in Samsung, HTC and LG to help their wireless charging group chug along. The PMA have a long list of members currently, with AT&T, Google, Blackberry, NEC, Texas Instruments and ZTE.


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The wireless charging advocacy group are pushing for a unified charging standard, where they've developed more than 1500 charging stations in Starbucks coffee shops, airports and other locations around the world. The PMA have asked their partners to integrate PMA-certified wireless charging solutions into their products by near year, with AT&T have also pledged to bake the technology into their smartphones within the same timeframe.


Until then, the wireless charging group are working with their partners to "deploy PMA-certified handsets and accessories as quickly as possible".

RumorTT: Amazon acquires True Knowledge, the creator of a Siri-like voice assistant app

Amazon have reportedly acquired True Knowledge, a company behind a Siri-like voice assistant Evi. True Knowledge are "a British startup with a natural langage search engine developed in university labs" according to unnamed sources, reports TechCrunch.


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TechCrunch haven't received confirmation on this just yet, which is why we've stamped it with a RumorTT tag. But, according to TC, Amazon have paid around $26 million to acquire the app, so if this does end up being confirmed, we could see future Kindle products feature a Siri-like voice assistant.

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