Sony's PlayStation 4 is outselling Xbox One, but Microsoft could still gain ground and be a fierce competitor in consoles.» Read More
Motorola on Thursday posted a quarterly loss as revenue fell amid weak phone sales and the company loses market share.
Sony plans to phase out the cut-priced $499 model of its PlayStation 3 video game machine, leaving only a higher capacity $599 model for sale in the United States, the company said onMonday.
Google is not interested in pursuing an acquisition of Facebook, Google co-founder Sergey Brin told CNBC, though the entrepreneur left open the possibility that Google would be open to talks with Facebook if the social networking site made the first move.
From the Allen Conference in Sun Valley, Idaho: I just spoke with Sergey Brin who, when asked if Google is interested in acquiring facebook, said " we don't look at companies for acquisition unless they are really interesting.". Then he said that while he thinks the company is interesting he said: "I think they are doing well on their own." He also said google wouldn't go after Facebook unless they came to "talk to us." And it sounded like they certainly haven't approached them yet.
Sony Ericsson, the world's fourth-biggest mobile phone maker, missed expectations with a 55 percent jump in quarterly profits after it shifted focus to sales of lower-priced phones to gain market share.
Microsoft said on Tuesday it will hold firm on pricing for its Xbox 360 game console, defying widespread expectations that it would respond to a price cut by rival Sony for the PlayStation 3.
The Electronic Entertainment Expo kicked off in Santa Monica, Calif. Tuesday night with the massive Microsoft event inside the outdoor amphitheater at Santa Monica High School. The splashy event kicked off with a group of die-hard Halo fans and high school rockers from Libertyville, Illinois, something of a cult favorite on the web called Corporeal. Hannah, the violinist, brought the house down with the Halo theme.
Last week it was Microsoft making all the headlines with its Xbox mess: the $1 billion charge connected to the extended warranty; missed sales targets; another multi-hundred-million dollar loss for the entertainment and devices division. And in the background, Sony was grabbing headlines of its own: disavowing any connection to an impending price-cut to make its slumping, $600 Playstation 3 console more competitive. Sony's top brass told the world that there would be no price-cut, that a drop in price didn't make sense.
Sony cut the price of the PlayStation 3 by $100, or 17%, in the United States on Monday, a move that should boost the video game console's lackluster sales.
The shape-shifting robots of "Transformers" have taken on a new form: Huge piles of cash.
Stocks posted the best weekly gains in three weeks, closing Friday near the best levels of the day as new economic data showed moderate jobs growth, easing worries of a slowing economy. "The jobs number was pretty decent, it was probably as good as we could have expected," said Charles Rotblut, market analyst at Zacks.com.
As Microsoft continues to miss its unit sales numbers, Nintendo's Wii continues to soar. It's the "big elephant" in Barker Hangar in Santa Monica, California--the home of next week's E3 conference. Funny though: that wasn't the competitor Microsoft was likely worried about during the opening salvos of last year's big console wars. It seems Microsoft was only concerned about what Sony's PlayStation III would do.
Sony said on Friday it has no plan at present to cut the price of its PlayStation3 game console to pep up demand.
A well-known hacker claims to have overcome restrictions on Apple Inc.'s iPhone, allowing highly technical users to bypass AT&T Inc.'s network to use the phone's Internet and music features.
Nintendo's Wii game console outsold Sony's PlayStation 3 by a ratio of over six to one in June in Japan, a game magazine publisher said, solidifying Nintendo's leading position.
The businesses of movie making and video game making are tighter than ever. Today, they're rubbing shoulders at the Hollywood and Games Summit. These are two industries that need each other more than ever. Movie studios count on the reliable licensing fees that come from selling 5 million video games. And the video game makers like the fact that by paying a licensing fee they can tap into a guaranteed fan base, and all those marketing dollars the studios have spent. Virtually every big summer movie is also a video game: "Pirates," "Spiderman," "Shreck," and coming up "Ratatouille," "Transformers," and "Harry Potter."
Update: I am out of the office Monday the 25th through Wednesday. Be sure and check back with me later this week. One week from today, Apple Inc. will unleash its iPhone on what appears to be a ravenous marketplace; panting about the prospects, pouting about the long lines expected and the chance consumers who want one may not get one on that first day. For Apple though, it's all about ringing up sales, or racking up risk: Will iPhone measure up to all the hype it has enjoyed these past several months. What hype, you might ask?
Sony expects at least 380 new PlayStation 3 games to hit the market this business year and says that should rev up demand for the console that has so far lost out to Nintendo's wildly popular Wii.
Apple's iPhone will have a longer lasting battery than originally expected, exceeding those in rival phones, the company said Monday.
Blockbuster will rent high-definition DVDs only in the Blu-ray format in 1,450 stores when it expands its high-def offerings next month, dealing a major blow to the rival HD DVD format.