“Our love affair with the iPhone began by simply touching it. This was rapidly becoming the most important device I had ever owned, it was an all-encompassing, complete device. And I knew that that device was going to enable incredible things for gaming.” That breathless and swooning introduction aside, ngmoco co-founder Neil Young’s keynote address at the Game Developers Conference today was a noteworthy one in that it really heralds the arrival of the iPhone as a gaming platform.
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So the seemingly unfailing demand for Nintendo’s Wii? Failing. Though Wii manufacturer Nintendo posted a 21 percent gain in quarterly operating profit on brisk demand for the videogame console, it slashed its forecast for full-year sales of the device.
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Playing videogames in a recession doesn’t make them any less fun–even if that recession is the worst we’ve seen in 50 years. Though the economy shuddered and slowed in December, videogame industry sales rose nine percent in the states. And for the year, sales of games, consoles and accessories grew 19 percent to $21.3 billion, from $18 billion in 2007.
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In a month when some 533,000 jobs were lost nationwide, Americans bought an astonishing amount of videogame paraphernalia–$2.91 billion worth, according to market research outfit NPD Group. That’s a 10 percent increase over November 2007. Said NPD analyst Anita Frazier, “With $16 billion realized for the year so far through November, the industry is still on pace to achieve total year revenue of $22 billion in the U.S.”
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The word “Nintendo” literally translates as “leave luck to heaven,” but another translation might be “leave luck to your employees.” Because Nintendo’s are among the most productive in tech. In fact, the average Nintendo worker earns more for the video game maker than average Google or Goldman Sachs workers earn for their respective employers.
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Want to put a Nintendo Wii under the Christmas tree this year? Then follow a delivery truck. Otherwise you’re going to have to make do with a slip of paper, which is slightly better than nothing, but not much.
Unable to keep store shelves stocked with the highly sought video game console, Nintendo today said it [...]
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Coming to a PDF Near You: Adobe announced today that it is teaming with Yahoo to put text-based ads in PDF files. … The new and improved version of Apple’s iPhone will be able to download from the Internet at a faster rate, AT&T CEO Randall Stephenson announced last night. … For Facebook, Nothing’s Set in Concrete: Responding to criticism from MoveOn, Facebook execs are looking into changes to the recently launched Beacon advertising tool.
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Bienvenue, iPhone: France Telecom will begin selling Apple’s cellphone this evening at selected Orange stores in Paris and other cities. … FCC Says ‘Uncle’: A proposal by Federal Communications Commission Chairman Kevin Martin to tightly regulate the cable TV industry has been “drastically” trimmed. … Amazon: 1; Feds: 0. The federal government has lost its bid to compel Amazon to release details about the book-buying habits of thousands of its customers. …
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Note: John Paczkowski is on vacation and won’t be writing or posting videos until he returns next Monday.
To keep you abreast of tech news while he’s away, we’re compiling a daily digest of 10 must-read tech stories.
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Turns out when Sony president Ryoji Chubachi said Friday that the electronics giant had “no immediate plans as of now” to cut the price of its PlayStation 3, he was speaking literally (as in “at this very second”). Because three days after denying rumors of an impending “refinement” of the PS3’s price, Sony announced one. [...]
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Nintendo surpassed consumer electronics behemoth Sony in market capitalization for the first time ever last month, underscoring the phenomenal success its Wii gaming console has enjoyed at the expense of Sony’s PlayStation 3. Little wonder then, that in the run-up to the E3 video-gaming conference next week, we’re hearing talk of a PS3 price cut.
Word [...]
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