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Business, Financial & Legal Posts - Page 267

Call of Duty: Modern Warfare 3 passes $1 billion milestone in just 16 days

Activision Publishing, Inc., a wholly-owned subsidiary of Activision Blizzard, Inc. announced today that Call of Duty: Modern Warfare 3 passed the $1 billion mark in sales in just 16 days since its November 8 launch. This beats the record set in 2009 from James Cameron's "Avatar" which hit $1 billion in 17 days.

 

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The Call of Duty community now consists of more than 30 million gamers, which is more than the combined populations of the cities of New York, London, Tokyo, Paris and Madrid. Some crazy, crazy numbers. Bobby Kotick, CEO of Activision Blizzard has said:

 

Engagement of our Call of Duty audience continues to rise around the world. Call of Duty as an entertainment franchise has made an indelible mark on popular culture and its broad and continued success is further validation that audiences increasingly value interactive experiences over passive experiences.

 

Call of Duty is now amongst that rarified group of sustained franchises like "Star Wars", "Harry Potter", "Lord of the Rings" and the National Football League (NFL) that attract or engage tens of millions of people every year or every new release.

Continue reading 'Call of Duty: Modern Warfare 3 passes $1 billion milestone in just 16 days' (full post)

Intel's fourth-quarter revenue to be below expectations due to HDD supply shortages

Intel have just announced that their fourth-quarter results are going to be lower than their previous outlook due to the Thailand floods and the resulting shortage on hard drive supplies. Intel now expects a fourth-quarter revenue of $13.7 billion, plus or minus $300 million, on both a GAAP and non-GAAP basis, lower than the previous expectation of $14.7 billion, plus or minus $500 million.

 

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Sales of PCs are expected to be up sequentially in Q4. But, the worldwide PC supply chain is reducing inventories and microprocessor purchases as a result of hard disk drive supply shortages. Intel expects the HDD supply shortages to continue into Q1 2012, followed by a rebuilding of microprocessor inventories as supplies of HDDs recover during 1H 2012.

Continue reading 'Intel's fourth-quarter revenue to be below expectations due to HDD supply shortages' (full post)

Motorola wins against Apple in court over wireless patent

Motorola would be running around saying HELLO MOTO to each other today in excitement, as a German court ruled against Apple in an ongoing battle over patents. Motorola's complaing was that Apple failed to license on of their wireless intellectual properties. Apple use this technology in their 3G-packing iPads and iPhones.

 

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Motorola could now force Apple to remove the feature from their products, or even have the ability to slap a sales ban in Germany. Apple have said that they intend to appeal the ruling, while Motorola claim the ruling validated its "efforts to enforce its patents against Apple's infringement."

 

Apple have replied, by saying:

 

We're going to appeal the court's ruling right away. Holiday shoppers in Germany should have no problem finding the iPad or iPhone they want.

Continue reading 'Motorola wins against Apple in court over wireless patent' (full post)

U.S. online holiday spending passes $25 billion, sets new record

comScore have just released their U.S. online holiday spending numbers for the season to-date, where it has been revealed that consumers continued to spend online in record amounts. In just 39 days of the November to December 2011 holiday season, $24.6 billion was spent online, which is a 15-percent increase compared to the same time last year.

 

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The week ending December 9 reached $5.9 billion in spending, up 15-percent with 3 days surpassing $1 billion in spending. For this holiday season, six individual days have surpassed $1 billion in spending, which for an economy in tatters, is quite the achievement. Cyber Monday leads this with $1.25 billion in sales, as well as Monday, December 5, which now ranks as the second heaviest spending day in history at $1.18 billion.

 

One of the driving forces behind this new found love for online retail shopping is the use of coupons and deals as well as the increased amount of free shipping offers from retailers. Smartphones and tablets have also helped, with more and more people using price comparison apps, both making purchases from the comfort of their own homes, or inside retail stores. E-commerce companies have noticed this trend and are now offering strong incentives to use and buy through mobile apps.

Continue reading 'U.S. online holiday spending passes $25 billion, sets new record' (full post)

Chinese court rejects Apple's iPad trademark name

Like Apple aren't in enough lawsuits as it is, but here's another to add to their ever-growing list of people who are angry with them. A court in southern China has rejected a lawsuit by Apple Inc, where they have accused a Chinese technology company of infringing on its iPad trademark.

 

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Apple have faced multiple roadblocks in setting up shop in China, even earlier this year there were fake Apple stores discovered in southwestern Yunnan province. What of the lawsuit? The Intermediate People's Court in southern boomtown of Shenzhen rejected Apple's complaint against Proview Technology (Shenzhen).

Continue reading 'Chinese court rejects Apple's iPad trademark name' (full post)

Amazon wants to pay you $5 to walk out of stores without buying anything

You may think theres some form of trickery to my title there, but there is not. Quite simply put, Amazing are offering consumers up to $5 off on purchases if they are to compare prices using Amazon's mobile phone application in-store.

 

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The promotion is for one day only, this Saturday, and is a sneaky way of Amazon to increase the usage of its bar-code-scanning application, while also collecting intel on prices in the stores. Mobile commerce is a booming market right now, with more and more customers more than happy to use applications on their smartphones to either shop, or compare prices not just at home, but at work, in the shop itself, or while in the toilet.

 

Thanksgiving and Black Friday sales were enormous, and I'm sure Amazon want a repeat of that success when Santa comes visiting in a few weeks. Amazon's Price Check app is available on both the Apple App Store and the Android Market, the app allows shoppers to scan a bar code, take a picture of an item or conduct a text search to find the lowest prices.

Continue reading 'Amazon wants to pay you $5 to walk out of stores without buying anything' (full post)

LCD price-fixing case settled, Sharp, Samsung and six others agree to pay $388 million to settle

Sharp Corp., Samsung Electronics Co., and six other makers of LCD panels have agreed to pay $388 million to settle price-fixing claims by direct purchasers of the products. Sharp, Japan's largest panel maker paid $105 million, Samsung, who are the world's largest TV maker, paid $82.7 million and then we have Chimei Innolux Corp who are Taiwan's largest maker of display panels, paying $78 million.

 

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The price-fixing isn't just for a few years, according to a class action, or group lawsuit filed in 2007, this has been going on from 1999 to 2006. Where the companies allegedly fixed prices of the panels, driving up prices for purchasers who bought the screens or goods containing them.

 

The U.S. Justice Department investigation ended in guilty please from LG Display Co., Chunghwa Picture Tubes and Sharp. The companies agreed in 2008 and 2009 to pay $585 million in criminal fines.

Apple is being investigated by the European Commission, e-book cartel won't be happy

This is something that should develop into 2012, but early reports are that the European Commission just announced a few hours ago that they have opened a formal antitrust proceeding to investigate whether a number of international e-book publishers have engaged in anti-competitive practices affecting the sale of e-books in Europe, "possibly with the help of Apple."

 

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Publishers that were identified in the antitrust investigation include Hachette Livre (Lagardère Publishing, France), Harper Collins (News Corp., USA), Simon & Schuster (CBS Corp., USA), Penguin (Pearson Group, United Kingdom) and Verlagsgruppe Georg von Holzbrinck (owner of inter alia Macmillan, Germany).

 

The Commission says it will investigate whether these publishers and Apple have engaged in illegal agreements or practices that would "have the object or the effect of restricting competition" in the European Union or in the European Economic Area (EEA). The Commission isn't stopping there, either. They're also looking into "agency agreements" between the publishers and e-book retailers, in collaboration with the UK Office of Fair Trading.

Facebook HQ is located at 1 Hacker Way

Facebook are moving to some new [evil?] headquarters with a most interesting address. Apple have 1 Infinite Loop, Genentech have 1 DNA Way, Microsoft have 1 Microsoft Way and now Facebook have joined the club with 1 Hacker Way, Menlo Park, 94025.

 

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As seen above on a new business card from a Facebook employee, the new address is baldly displayed. Facebook were looking at a name of 1 Social Circle, but that is pretty close to Google+ with its Circle friends list, which obviously led to Facebook choosing a different name.

 

Facebook are in the process of transitioning between their current Palo Alto buildings to the new Menlo Park HQ.

Apple loses against Samsung again, this time in the U.S., U MAD Apple?

Apple and Samsung have butted heads once again, but this time, on U.S. soil. More precisely, a San Jose, Ca. court at the end of last week. In April of this year, Apple sued Samsung for "copying the look and feel" of its iPhone and iPad in its Galaxy range of phones and tablets.

 

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Apple then expanded the suit to include another 13 models, such as the Galaxy Tab 10.1, Nexus S and Droid Charge. The full trial is set to go ahead on July 30, 2012, but Apple were pushing for a temporary sales injunction on the contested Samsung devices in the U.S. as that date arrived. It seems Apple are scared of Samsung, and so they should be.

 

U.S. District Judge Lucy Koh refused Apple's request, stating it was an "extraordinary remedy." She was unconvinced that Apple would suffer irreparable harm should Samsung continue to sell their devices pending the court case, where she continued:

 

Given the evidence Samsung presented, it seems likely that a major beneficiary of an injunction would be other smartphone manufacturers.

Continue reading 'Apple loses against Samsung again, this time in the U.S., U MAD Apple?' (full post)

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