Nintendo today announced (PDF) sales of 556.2 billion yen ($7.2 billion) during the nine months ended December 31 (April to December 2011), down nearly 32 percent compared to the same period in 2010. It also posted a 48.4 billion yen (about $625 million) net loss. During the same period in 2010, Nintendo generated a profit of nearly 50 billion yen. Nintendo mentioned the time as “tough time”, saying that its financials were brought down by sluggish Nintendo 3DS sales during the first half of its fiscal year, as well as a strong yen....
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AT&T Inc. reported fourth-quarter results highlighted by record mobile broadband sales, strong wireless network performance and improved wireline revenue trends. Consolidated revenues clocked in at $32.5 billion, up 3.6 percent compared to the year-earlier quarter. They recorded a huge net loss for Q4 2011 of $6.7 billion, or $1.12 per diluted share. These results compare with reported net income attributable to AT&T of $1.1 billion, or $0.18 per diluted share, in the fourth quarter of 2010. Excluding significant items, earnings...
Nokia has just revealed its Q4 2011 financial results and the figures aren’t exactly what we call as “superb” in nature. The company posted an operating loss of €954 million for the last three months of 2011. In concern with the sales of Nokia Lumia windows phone, the company topped with 1+ million units sales in its kitty. The report also revealed that Microsoft...
RealNetworks Inc. has announced that is has signed an agreement to sell a “significant number” of its patents – approximately 190 patents and 170 patents applications and its next generation video codec software to Intel Corporation for a purchase price of $120 million. “Selling these patents to Intel unlocks some of the substantial and unrealized value of RealNetworks assets,” said Thomas Nielsen, RealNetworks President and CEO. “It represents an extraordinary opportunity for us to generate additional capital...
Apple earlier this month acquired Israel based flash memory maker company Anobit – at that time it is speculated that Apple plans to set its development center in Israel focusing on to gain access to its technology. But today business daily Calcalist is claiming that the company will open a research center there by the end of February. The company reportedly received “several hundred of resumes” for various engineering positions. Specifically, Apple is seeking hardware engineers in chip development area with strong emphasis on...
In a new tug of war between Motorola Mobility and Apple, Motorola Mobility has filed a new lawsuit against Apple Inc accusing the company for infringing its technology patents in a Florida federal court on Wednesday. Motorola Mobility, which runs its phones on Google android software, is seeking regulatory approval to be bought by Google Inc. Motorola said, “It was suing the iPhone maker for infringing six of its patents involving technologies related to wireless antennae, software, messaging and data filtering.” The company also...
Finnish mobile phone maker, Nokia announced that company has reached on its most significant milestones in its history with the sale of its 1.5 billionth series 40 mobile phone. The first S40 was sold in 1999 resulting in Nokia’s commercial success for years. The 1.5 billionth phone was a Nokia Asha 303, a stunning touch screen handset QWERTY keypad designed for web browsing, social networking and gaming, that features pre-installed entertainment and applications. The 1.5 billionth device was purchased by Mayara Rodrigues from a Magazine...
If European Union proposed “data protection law” comes into existence, than firms have to face being fined up to 2% of their global annual turnover if they found breaching the proposed EU data laws. The EU has put forward the suggestion as part of a new directive and regulations. The new rules include users’ “right to be forgotten” and an obligation...
Facebook – the world’s largest social networking website was down yesterday (Pacific Time). The Hacker Group Anonymous after the takedown of content sharing website Megaupload attacked many of government and big companies website. In their recent outrage, according to the video on YouTube said that hacker group threatens Facebook January 28. However the AnonOps...
Bill Gates says in his recent annual letter that The Bill & Melinda Foundation have devoted $2 billion to help poor farmers boosting their productivity. But what the next in America’s richest man, Bill Gates prime target is the “Revolutionize Farming” – he is increasingly troubled by the lack of investment into new research agriculture. The Bills &...
