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Business, Financial & Legal Posts - Page 10

Nintendo actually turned a profit of $350 million

Nintendo generated $350 million in net profit for the fiscal year which recently ended in March, a massive increase over a predicted $250 million profit. It's an impressive turnaround for Nintendo, which hasn't turned a profit since 2011 - as the company deals with drastically changing software and hardware markets.

 

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The Japanese gaming company hopes software game sales for the Wii U and 3DS will help add additional revenue - even though it predicted 3.4 million Wii U console sales and a drop in 3DS sales for the current fiscal year.

 

Even though Nintendo hasn't been able to compete with the Sony PlayStation 4 or Microsoft Xbox One, there are still bright signs for the future. The company's partnership with DeNA, for example, to take a more active role in mobile gaming should offer new life into the company: "A new source of revenue is expected from a gaming application for smart devices which will be released this year," according to Nintendo.

Australian government offers $198.7 million US upgrade to Bureau IT

The Australian Bureau of Statistics (ABS) has been granted a massive $198.7 million US ($250m AUD) budget in order to upgrade its out of date IT services.

 

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This is noted as an answer to the ABS desperately searching for IT upgrades of their old architecture, with manager Jonathan Palmer stating in their last annual report that "the age, fragility, and inflexibility of our systems continues to be a concern," adding "we need to update and transform our business processes if we are to continue to provide timely, relevant and accessible statistics and services in an increasingly complex and connected digital world."

 

Some of the systems in place at the ABS are reportedly over 30 years old as this upgrade is a much needed helping hand for a division based mainly around technology.

Continue reading 'Australian government offers $198.7 million US upgrade to Bureau IT' (full post)

Basemark steps out from Rightware's shadow, becomes its own identity

Up until now, Basemark has been a staple of most mobile benchmarking, ours included. But now the announcement of a new company, Basemark, has been formed and they have acquired the rights to the business unit of Rightware.

 

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Tero Sarkkinen, the founder and CEO of Basemark told TweakTown "immensely excited about this new chapter in my life and in the growth opportunities now available for Basemark as a separate entity". Sarkkinen added that he could see that Rightware would continue to expand, but he wanted to do something new and saw the potential to grow the benchmarking software with its own, separate focus. The new vision of Basemark is to "become the world's largest testing house focused on gaming and graphics technologies".

 

Basemark has some serious partners that help out in the benchmarking process, including AMD, Intel, NVIDIA, Marvell, Microsoft, Qualcomm and Samsung. Their benchmark portfolio "is the largest in the world" which spans across Android, iOS and Windows Phone, as well as OpenGL ES, OpenCL and even in-browser benchmarking.

Razer CEO gives every employee the new 14-inch Blade gaming laptop

Exclusive: We've just had a source of ours reach out to us to inform us that Razer has reportedly given out a 14-inch Blade gaming laptop to each and every single person who works at Razer.

 

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The source said that "everyone in the company" was given the new 14-inch Blade gaming laptop, and it's "not a 'work use' machine, but something to just game on and personal use". This is part of Razer's company motto that Razer is "For Games. By Gamers" with company CEO Min-Liang Tan wanting to make sure that everyone in the company could game for as long as they wanted.

 

Considering the 14-inch Blade starts at $2399 on Amazon, that's quite the early Christmas present.

Consumers aren't sure if they should trust mobile payments just yet

The mobile payments ecosystem is on the rise in the United States, with Apple Pay helping bring much-needed attention to the surging industry. However, it looks like Americans are unsure what to make of mobile payment security, especially after several notable point-of-sale (PoS) data breaches.

 

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Twenty-four percent of survey respondents believe mobile payments are more secure than debit and credit card payments, though 27 percent feel there are more issues, according to 451 Research. Consumers want to use mobile payments that are available to them, and with Apple Pay only available to iPhone owners, there is room for multiple companies to make an impact.

 

"The introduction of Apple Pay has catalyzed a wave of strategic moves across the mobile payments ecosystem," said Jordan McKee, senior mobile payments analyst at 451 Research.

Continue reading 'Consumers aren't sure if they should trust mobile payments just yet' (full post)

Killzone: Shadow Fall lawsuit over 1080p marketing dismissed in court

We reported back in August last year that Sony was being sued for falsely advertising its PlayStation 4 exclusive Killzone: Shadow Fall at 1080p, but Judge Edward M. Chen of the US District Court for the Northern District of California, while in agreement with both parties, dismissed the lawsuit "with prejudice".

 

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This means that the plaintiff cannot file another legal action on this matter at anytime in the future. The terms of the dismissal were filed under seal, with each side of the argument needing to settle their own legal fees. Last year, Douglas Ladore from California filed a lawsuit against Sony for Killzone: Shadow Fall. Ladore was suing over the marketing that Sony deployed for the PS4 launch title, as it said the game would be running at 1080p, and it did not.

 

Killzone: Shadow Fall's multiplayer had "a technological shortcut that was supposed to provide 'subjectively similar' results" to the native resolution of 1920x1080, said Ladore. Guerilla Games had used a "temporal reprojection" technique for the multiplayer side of Shadow Fall, which according to the studio, produces an image that is indistinguishable from a 1080p version "most of the time".

Continue reading 'Killzone: Shadow Fall lawsuit over 1080p marketing dismissed in court' (full post)

Apple expected to relaunch its music streaming service at WWDC in June

It looks like Apple could be in some trouble, with the Department of Justice looking into their business practices as the launch of Apple's upcoming music streaming service.

 

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Apple's music streaming service is said to cost $7.99 per month, but with Spotify enjoying a large chunk of the music streaming user base with its 60 million plus users. Out of these 60 million users, only 15 million of them subscribe for the ad-free version of Spotify. So while Apple is trying to get its new music service off the ground, the company has reportedly been approaching the music industry to make labels "force streaming services like Spotify to abandon their free tiers".

 

This is Apple's tactic: attacking their competition from behind the scenes, in a move drastic enough to involve the Department of Justice. This means Apple is very scared of Spotify, and so it should be. The Verge reports: "Getting the music labels to kill the freemium tiers from Spotify and others could put Apple in prime position to grab a large swath of new users when it launches its own streaming service, which is widely expected to feature a considerable amount of exclusive content. "All the way up to Tim Cook, these guys are cutthroat," one music industry source said".

Microsoft announces Sydney, Australia for its new flagship store

Microsoft is continuing its retail takeover with Microsoft Stores throughout the United States, but the Redmond-based OS giant has just announced that its 'first Microsoft flagship store outside of North America' will be at Westfield Sydney, in Australia.

 

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Rumors were circling that it would be built in the UK, but Microsoft has decided to take the retail experience Down Under. The company hasn't said when the store is opening, teasing that they "can't reveal too much now" but if you want to keep up with the new Microsoft Store that's headed to Sydney, you can follow Microsoft on Facebook.

Bitcoin fighting to gain widespread support, while challenges remain

The bitcoin cryptocurrency remains an extremely volatile currency, with values sliding from $1,100 down to $200, as the demise of several bitcoin exchanges generate huge headlines. By midday Sunday, a single bitcoin was valued at $240, still showing a significant amount of volatility.

 

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There are a growing number of bitcoin-related startups focused on helping foster a strong bitcoin community - with Goldman Sachs and IDG Capital Partners investing $50 million to help look at possible bitcoin investments.

 

Financial institutions, initially showing hesitancy to embrace bitcoins, are quietly trying to learn about the bitcoin ecosystem. Some European banks have opened up their checkbooks to support bitcoins, providing much-needed financial support to startups.

Continue reading 'Bitcoin fighting to gain widespread support, while challenges remain' (full post)

Analysts unsure of GoPro's long-term success, as competition rises

GoPro is facing increased competition and has been described as a "one-trick pony" by one analyst, despite the company reporting higher sales and profit - leading to the company's stock shares increasing 12.6 percent to close the day last Wednesday. However, the company will face increased pressure from a growing number of companies interested in making similar products.

 

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"You have rising competition that I think over the next few years is going to be a much more level playing field," said Jason Rotman, managing partner of Lido Isle Advisors, in a statement made on CNBC.

 

Even so, GoPro could find success in its international expansion plans: "I think they've just scratched the surface for international penetration," said Michael Pachter, analyst at Wedbush Securities, on CNBC's "Closing Bell."

Continue reading 'Analysts unsure of GoPro's long-term success, as competition rises' (full post)

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