That’s a faster sales rate than the Galaxy S3, the company’s co-CEO Shin Jong-kyun said recently in an interview. [Read more]
Tag Archives: million
The CharityBuzz auction that would see a lucky bidder win a coffee date with Apple CEO Tim Cook has now ended, and after 86 bids were placed, the winning bid came in at a whopping $ 610,000, which was placed within the last half hour of the auction, after the price remained steady at $ 605,000 for
hypnosec writes “World of Warcarft, the gaming industry’s most popular franchise and one of Blizzard’s cash cows, is bleeding subscribers with 1.3 million defecting from the game in the first quarter of 2013 alone. Blizzard revealed a subscriber decline of over 14%, the total now standing at 8.3 million in their earnings call press release (PDF).”
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A vast debit card fraud scheme that allegedly netted US$ 45 million has been linked to the hacking of credit card processors in the U.S. and India.
Today, gaming console and software company OUYA announced that they have closed a $ 15 million round led by Kleiner Perkins, and with participation from the Mayfield Fund, NVIDIA, Shasta Ventures and Ocean Partners. This marks one of the largest institutional investments to go to a project that had its humble beginnings on Kickstarter. OUYA is a company that launched back in 2012 on Kickstarter under the guiding hands of Julie Uhrman, a video game industry veteran who believes that gaming should be affordable and enjoyable for everyone. She and the team developed a $ 99 Android gaming console, which hooks into the TV and comes with automatic access to free-to-try games. It launched on the crowdfunding site to much fanfare, scoring $ 8.6 million in funding, which ends up being around 9x more than OUYA asked. Along with the $ 15 million round, which brings OUYA’s total amount of funding to $ 23.5 million, the company will also be bringing KPCB General Partner Bing Gordon on to the board of directors. Gordon brings with him years of experience from Electronic Arts. Here’s what he had to say about the funding: OUYA’s open source platform creates a new world of opportunity for established and emerging independent game creators and gamers alike. There are some types of games that can only be experienced on a TV, and OUYA is squarely focused on bringing back the living room gaming experience. OUYA will allow game developers to unleash their most creative ideas and satisfy gamers craving a new kind of experience. The OUYA hardware has proven its spot in the market with the successful Kickstarter project, followed by an institutional investment led by a firm such as KPCB. “The message is clear: people want OUYA,” said Uhrman. But the same story rings true for software, as the company has seen over 12,000 developers sign up for the platform to build games and monetize them in any way they’d like. This is up from 8,000 developer signups in March. And if that weren’t enough, OUYA has been picked up by major retailers like GameStop, Best Buy and Amazon, with availability beginning June 4. Clearly, the affordable gaming console speaks to people. But is it enough to make OUYA profitable? In an interview with TechCrunch, Uhrman explained that OUYA essentially breaks even on the hardware from the $ 99 gaming console, and that all games will be free-to-try. Curious if that
China's largest search engine Baidu is getting closer to becoming the country's largest online video provider with a new US$ 370 million acquisition.
For many observers, the real story for Windows 8 was never going to be the 60 million licenses sold during the holiday rush — it was always about the long term. The first indications of its post-launch impact are here, and show mixed results. In an interview on the company blog, Microsoft CMO/CFO Tami Reller says that it “recently” sold its 100 millionth Windows 8 license since the OS launched in October. That’s a healthy figure, but sales of about 10 million units a month between its January stat update and today show adoption hasn’t picked up again since the initial dropoff. The usual post-holiday lull no doubt played a part, although estimates of a much steeper drop in PC sales than usual suggest more was afoot. Microsoft doesn’t see an immediate problem however, touting both brisk Windows Store adoption — downloads of both free and paid apps surged from 100 million in January to 250 million — and the pending arrival of more affordable convertible notebooks, touchscreen laptops and all-in-ones later this year.
Oh, and about that Windows Blue update everyone’s been talking about? It’s at last official. Microsoft isn’t mentioning details beyond the Windows Blue codename, but it does promise that the upgrade should be available before 2013 is over. We’re looking forward to that extra level of personalization already.
Source: Blogging Windows
Microsoft’s celebrating a rather important milestone for SkyDrive: 250 million users, with 50 million of those signing up in just the last seven months since the debut of Windows 8. With the cloud storage service being so tightly integrated into Microsoft’s new OS, it’s no surprise that its popularity has started to skyrocket. And, with recent upgrades to the platform, it’s becoming an increasingly viable alternative to competitors like Dropbox, Google Drive, Box and SugarSync. To commemorate the milestone, Microsoft has a nice self-congratulatory infographic at the source filled with all sorts of fun stats about Redmond and its favored file-syncing system.
The PC market may be shrinking, but ASUS’ plan to avoid being swept away by its rivals seems to be working. The Nexus 7 maker’s latest financials reveal it made $ 3.5 billion in revenue, coining a quarterly profit of $ 202 million in the process — up 5.8 percent compared to both the previous quarter and the same quarter in 2012. While ASUS did see sales drops in its Notebook and PC Component divisions, these were offset by sales of 3 million tablets in the first three months of the year. The company is also making gains in America, which now accounts for 23 percent of ASUS’ business — up from 17 percent at the start of last year. While these current results are the company’s seventh consecutive earnings increase, ASUS is predicting sales will remain flat in the next quarter — perhaps affirming the rumor that we won’t see that rumored Nexus 7 replacement until Q3.
Source: ASUS (.PDF)
symbolset writes “Over the past month a number of individual observations of CO2 at the Mauna Loa Observatory have exceeded 400 parts per million. The daily average observation has crept above 399 ppm, and as annually the peak is typically in mid-May it seems likely the daily observation will break the 400 ppm milestone within a few days. This measure of potent greenhouse gas in the atmosphere should spark renewed discussion about the use of fossil fuels. For the past few decades the annual peak becomes the annual average two or three years later, and the annual minimum after two or three years more.”
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Today at TechCrunch Disrupt NY, Ashton Kutcher took the stage with Guy Oseary to talk about their A-Grade fund. Arrington started right away about a rumor that the fund is raising money at a $ 100 million valuation. The two partners confirm the rumors, saying that they are raising “enough money”. Developing…
NASA is blaming Congress for the need to pay $ 424 million more to Russia to get U.S. astronauts into space.
As Best Buy attempts a return to financial well-being, it’s decided to sell the 50 percent share it (still?) owns in Best Buy Europe to fellow joint venture partner Carphone Warehouse. The price is set at about 500 million GBP ($ 775 million) and is expected to close by June.
Source: Best Buy
If you haven’t heard, Apple CEO Tim Cook is auctioning off a coffee date with him, with all the money going to charity. After almost two days of bidding, with 18 days left to go still, the highest bid so far as surpassed the $ 500,000 mark, even though the auction listing puts a $ 50,000 estimated
Second screen experiences connected to TV shows haven’t exactly set the world on fire, but NBC will give it another try with a new game show this fall. The Million Second Quiz is being promoted as a non-stop, twelve day trivia game with an “unprecedented level of interactivity” for viewers. In a move that harkens back to our memories of 1 vs 100 on Xbox Live a few years ago, viewers at home can play along and possibly win a spot on the show. While the competition will go on around the clock, the show airs during prime time. It will broadcast live from an “hourglass-shaped structure” located in Manhattan where the four reigning champs will reside as long as they can stay on top throughout the two week competition. Once the million seconds are up, the four champions will face off for a cash prize of up to $ 10 million. We’ll need more details before we can decide if this is more Ultimate Ninja Warrior or Oh Sit! / Splash / Bet On Your Baby (these are all real game shows, we promise), but it’s one to keep an eye out for when the all new shows debut.
Provo, Utah’s plan to sell its cost-plagued fiber network to Google has been approved by the municipal council, meaning it’ll soon become the third Google Fiber city. However, while still not receiving any money upfront as earlier reported, it’ll now have to advance $ 1.7 million in equipment and engineering costs not part of the deal before, according to the Salt Lake Tribune. In exchange, each Provo resident will get a free 5-megabit internet connection for seven years and Google will have to upgrade the network to connect all the city’s homes. It’s not quite free, however, as the city’s 120,000 residents must still pay a $ 39 million bond for building the network — meaning they’ll shell out $ 3.3 million for each of the next 12 years.
Source: Salt Lake Tribune
Fisker just can’t catch a break. As if enduring the layoffs of three out of every four employees and the resignation of its founder wasn’t unsettling enough, it’s now come to light that the Department of Energy recently confiscated the company’s $ 21 million reserve account in an attempt to recoup some of the government’s loan. Fisker’s first payment on the $ 192 million federal loan was due Monday, but the Energy Department revealed that it actually took the money 12 days beforehand, simply due to the company’s high risk of default — a move it characterized as an “appropriate action on behalf of taxpayers.” If you’re thinking the writing’s now on the wall, you’re correct… the WSJ reports that Fisker has hired a bankruptcy attorney, and the company admits that it’s actively in search of a new owner. Will luck swing in Fisker’s favor next time around? Place your bets.
Filed under: Transportation
Just two days after the earnings report of its storied rival, AMD has followed suit with a Q1 2013 earnings report of its own. The company reported a net loss for the quarter of $ 146 million, which stings, but isn’t quite so painful as the $ 473 million loss that it took just one quarter earlier. Meanwhile, AMD revenue of $ 1.09 billion is more or less flat from the previous quarter, but has fallen by $ 500 million since Q1 of the previous year. The announcement was enough to make investors wince, as AMD’s stock price is now declining in after-hours trading. As for a silver lining, AMD emphasized that its gear will power the upcoming PS4. If Microsoft were to make a similar decision, then perhaps AMD could turn its financial frown upside-down.
Filed under: AMD
During Verizon’s quarterly financials call, company CFO Fran Shammo let slip that of the 7.2 million smartphones that the company activated, 4 million of them were iPhones. He added that half of them were LTE-ready, which we can take to mean the iPhone 5, while the other half was mixed amongst the older devices in Apple’s smartphone pantheon. While the executive didn’t break out how much of the 3.2 million other smartphones were Android-based, we’re reasonably confident that other operating systems haven’t made too much of a dent in that figure.
It’s been rumored for a while now that Apple will be releasing a lower-cost iPhone at some point this year — most likely sometime in the fall, which now begs the question of how many of these low-cost iPhones will sell. Since they’ll be cheaper than a regular iPhone, it makes sense that Apple will
Action-RPG Dark Souls has sold an estimated 2,367,000 copies worldwide, according to the executive director of “From Software” (Dark Soul’s publisher in Japan), Eiichi Nakajima. The sales have amazed From Software so much that it decided to launch an Xbox 360 version of the game in Japan. While the game was released for both the
Some Apple iPhone and iPod Touch consumers have been up in arms, claiming that the Cupertino company has consistently refused to properly honor warranties and fix faulty devices. It would seem Apple has dealt with the issue, according to Wired, which got its hands on a PDF of the alleged settlement that will be filed
If you’re a programmer of some kind, then you’re undoubtedly familiar with GitHub, an online collaboration website that allows programmers to share and collaborate on open source projects. The site turned five years old today, and the founders announced that GitHub has 3.5 million users with over 6 million repositories. In a short-and-sweet blog post
Roku, the nifty streaming video device that brings a variety of easily-accessible content to your television, just reached its newest milestone: the shipment of its 5 millionth device in the United States. The massively popular device is used to stream what has amounted to billions of hours of TV shows and movies, among other content.
Since the sun came up today it must mean that Hulu is up for sale, again. The latest extension to the sale rumors for the video streaming site is one from Reuters citing anonymous sources that indicates Peter Chernin, a former News Corp exec and Hulu board member has submitted a $ 500 million bid. There’s no word on how big a stake he’d be interested in taking, but that’s significantly lower than the reported $ 1.9 – $ 4 billion bids received from Dish and Google when the site was up for sale back in 2011. Of cours,e any sale price may vary on whether or not the acquisition come content included, but either way, we’d expect a few more possibilites to pop up before something (or nothing, like last time) happens. Of course, Peter Chernin was one of the folks pushing for a shorter theater to home release window and more TV on the Xbox, both of which have come to fruition in one form or another — maybe he can make a deal happen.
It is no secret that Disney and News Corp. have been looking into selling video-streaming service Hulu, with sources having dropped information over the past weeks about what is happening behind the scenes. Word had it the two companies were, at one point, looking at buying out the other to take control of the service,
One of the coolest projects that I’ve seen turn up on Kickstarter in recent memory was the 3Doodler pen device. The pen uses small sticks of plastic to create small threadlike strings that the user can craft into just about any three-dimensional shape they can dream up. We knew the project was going to be
BlackBerry today reported a return to operating profit for its fourth quarter amid sales of 1 million Z10 smartphones. But there was also a decline of 3 million global subscribers, down to 76 million.
BlackBerry released its quarterly earnings for its Q4 2013 fiscal quarter, and the company brought in $ 2.7 billion in revenue, with $ 94 million of that being cold-hard profit. This is up from $ 14 million during the last quarter. Furthermore, BlackBerry founder Mike Lazaridis — who was the company’s co-CEO until January 2012 — has announced
Tumblr has reached another huge milestone today. There are over 100 million blogs hosted across its network, all of which have accumulated a total of 44.6 billion posts. Just last April, Tumblr hit its 50 million blogs milestone, and in one year, it managed to double that amount, showing that the social blogging network has
Lucas123 writes “It may be a movie about a stone age family, but DreamWorks said its latest 3D animated movie The Croods took more compute cycles to create than any other movie they’ve made. The movie required a whopping 80 million compute hours to render, 15 million more hours than DreamWorks’ last record holder, The Rise of the Guardians. The production studio said between 300 and 400 animators worked on The Croods over the past three years. The images they created, from raw sketches to stereoscopic high-definition shots, required about 250TB of data storage capacity. When the movie industry moved from producing 2D to 3D high-definition movies over the past decade, the data required to produce the films increased tremendously. For DreamWorks, the amount of data needed to create a stereoscopic film leaped by 30%.”
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Rev.com, a freelancer marketplace founded by early oDesk employees, is today announcing $ 4.5 million in Series A funding led by Venky Ganesan of Globespan Capital Partners. Also participating in the round were Craig Sherman (former COO of Ancestry.com) and Austin Ligon (founder of CarMax). All three are now members of Rev.com’s board of directors, following the round which closed back in August 2012.
skade88 writes “Reuters is reporting that scientists now say the universe is 100 million years older than previously thought after they took a closer look at leftover radiation from the Big Bang. This puts the age of the Universe at 13.8 billion years. The new findings are the direct results from analyzing data provided by the European Space Agency’s Planck spacecraft. The spacecraft is providing the most detailed look to date at the remnant microwave radiation that permeates the universe. ‘It’s as if we’ve gone from a standard television to a high-definition television. New and important details have become crystal clear,’ Paul Hertz, NASA’s director of astrophysics, told reporters on a conference call.”
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An advertising analytics company said it has discovered a botnet that generates upwards of US$ 6 million per month by generating bogus clicks on display advertisements.
Hewlett-Packard misled IT buyers about plans to phase out its Itanium server platform and in the process stole potential sales from Oracle and other rivals, costing Oracle about US$ 95 million in profits, the company plans to testify in a jury trial starting next month.