With no new consoles and declining game sales, it's been a double whammy for video game developers.
By Therese Poletti
Like many industries in transition to a more digital, mobile world, video games appear to be caught in a shift away from games played on consoles and PCs.
But the bigger problem is that the staple of the industry -- the video game consoles that drive sales of new games -- are old and in need of an upgrade. Last year, the industry saw sales of physical software sink to its lowest levels since 2007, with sales of $9.3 billion in the U.S., down 8% from $10.1 billion in 2010, according to data from the NPD Group.
So with both issues converging at the same time, the industry is getting hit with a double whammy. Earnings this week from video game developers highlighted some of the shifts, and investors continue to sour on the stocks.
Apple alleges theft. Samsung argues it can't steal what Apple never owned in the first place.
In case you were unaware, there is no love lost between technology giant Apple (AAPL) and South Korean company Samsung.
At one point it is difficult to imagine a more intense hatred between two rivals. But I think this situation has (to this point) delivered the goods. The only thing missing is the popcorn.
The social media company copies an idea from StockTwits to lure an investing audience.
In the world of social media, a single tweet may have changed Wall Street forever.
Twitter announced Tuesday that you can click on ticker symbols on the company's main Web site to "see search results about stocks and companies." There's just one problem with this: StockTwits already created this.
Tiffany, Ford and Nike are among iMedia's list of advertisers successfully leveraging Facebook's Instagram.
By Bristol Voss
Trade publisher iMedia scoured Instagram to identify which brands were capitalizing most effectively on the photosharing application famously purchased for $1 billion by Facebook (FB). To date, Instagram has 50 million users according to API and 1 billion images, so hats off to iMedia's dedication.
"From a brand perspective, visual storytelling is the natural evolution of existing consumer behaviors and helps to humanize brands," said iMediaconnection. Five of the "Superstars" who, according to iMedia have found innovative ways to incorporate Instagram into their social strategies, include American Airlines (AAMRQ), Red Bull, Tiffany & Co. (TIF), Ford (F), and Nike (NKE).
Is Amazon's price really worth 287 times its current earnings and almost 84 times next year's earnings?
I recently read that Amazon.com (AMZN) was the most successful Internet stock IPO in history.
This is based on its initial public offering price, initial market cap, and its current $236 share price and almost $107 billion market cap.
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[BRIEFING.COM] A solid November employment report translated into a solid day of gains for the major averages. While there was some talk that the encouraging job growth raised the odds of the Fed announcing a tapering at its December meeting, the message of the markets today was either that it didn't believe there would be a tapering this month or that it doesn't fear a tapering this month.
It was just one day, yet there was ample meaning wrapped up in the connection that the 10-yr ... More
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