Report: U.S. Game Sales Down 5% in May to $823.5 Million

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Port Washington, N.Y. – Although the industry recorded its
third best-selling month of May on record, revenue was down 5% to $823.5
million, from the $865.7 million recorded last May, according to a report from
market research firm NPD Group. Game hardware sales were down 20% from last
May, to $241.5 million. Nintendo sold 334,800 Wii consoles, up 16% from a year
ago, compared to Microsoft’s (NASD:  MSFT) 194,600 Xbox 360 consoles (up 11%) and Sony’s (NYSE:  SNE)
154,500 PlayStation 3s (up 18%).

"Console hardware unit sales are, in
fact, flat to last year.   Declines
in sales result from a lower average selling price this year compared to
last," said NPD analyst Anita Frazier.

Sales of the Nintendo DS handheld
were down 40% in May, to 633,500, while Sony sold 59,400 PSP units, a decrease
of 41% from a year ago.

Game software sales actually posted a 4% gain in May,
reaching $450.4 million.

Take-Two Interactive’s (NASD:  TTWO) "Red Dead Redemption"
was the top title with over 1.5 million units sold.

Other titles in the top ten
included Nintendo’s "Super Mario Galaxy 2" for the Wii, and THQ’s (NASD:  THQI)
"UFC 2010: Undisputed."

 

Related Links:
http://www.npd.com

Apple Allowing Google to Sell Targeted Ads on iPhone

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New York – Mobile ads from Google’s (NASD:  GOOG) AdMob are not being
rejected from Apple’s (NASD:  AAPL) new iAd platform, as Apple had implied several weeks ago
might be the case, The Wall Street Journal reported. Developers confirmed for
The Journal that their iPhone applications that utilize AdMob for ad-serving
are being approved by Apple.

Apple had previously stated that it would bar
mobile ads served by third-party ad networks that have corporate parents also
involved in developing mobile phones and mobile operating systems — as Google
does.

Apple launched the iAd platform on Thursday, reportedly charging marketers
between $1 million and $10 million to use the format.

Advertisers include
Unilever, Disney, Nissan, AT&T, Chanel, Geico, Best Buy, DirecTV and Turner
Broadcasting have committed to spend up to $60 million on the platform through
the end of the year.

The Journal notes that Apple’s move could have the effect
of relieving pressure from federal antitrust regulators, who are conducting an
informal inquiry into Apple.

 

Related Links:
http://tinyurl.com/2d4m2zf

(WSJ)

http://news.cnet.com/8301-31021_3-20009446-260.html

"Stunned" Apple Discovers iPhone Reception Bars Software Flaw

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Cupertino, Calif. – Apple (NASD:  AAPL) said on Thursday in an open letter
to iPhone 4 users that it was "stunned" to discover that in fact a
flaw in its formula used to calculate the number of "bars" used to
display the quality of mobile phone reception is the root cause of user reports
of antenna issues with the device. Previously, the company acknowledged that
holding the iPhone 4 in a user’s left hand could also cover up a key spot on
the antenna and affect reception — but said the solution was for users not to hold
the phone that way, or else buy a $30 rubber bumper.

"Upon investigation,
we were stunned to find that the formula we use to calculate how many bars of
signal strength to display is totally wrong," the company writes in the letter.

"Our formula, in many instances,
mistakenly displays 2 more bars than it should for a given signal strength.

For
example, we sometimes display 4 bars when we should be displaying as few as 2
bars. Users observing a drop of several bars when they grip their iPhone in a
certain way are most likely in an area with very weak signal strength, but they
don’t know it because we are erroneously displaying 4 or 5 bars. Their big drop
in bars is because their high bars were never real in the first place."

Apple
said it will be adopting AT&T’s (NYSE:  T) recently recommended formula for
calculating how many bars to display for a given signal strength.

"The
real signal strength remains the same, but the iPhone’s bars will report it far
more accurately, providing users a much better indication of the reception they
will get in a given area," Apple added.

The company plans to release a
software fix "within a few weeks" that includes the corrected
formula, which will also fix the same issue on iPhone 3GS and 3G models.

 

Related Links:
http://www.apple.com/pr/library/2010/07/02appleletter.html

http://news.cnet.com/8301-30686_3-20009564-266.html

http://www.wired.com/gadgetlab/2010/07/iphone-4-anandtech

Blockbuster Shares to be Delisted From NYSE

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Dallas – Debt-laden video rental giant Blockbuster announced
this week that its shares will be delisted from the New York Stock Exchange,
after the company failed to receive enough shareholder votes to move forward
with plans to regain compliance with exchange requirements.

In November 2009,
the NYSE said Blockbuster was in danger of being delisted because its share
price dipped below the $1 minimum over a 30-day period.

Blockbuster said that
shareholders at its annual meeting last week did not vote in great enough
numbers to create a majority that would have passed its reverse stock split
proposal — aimed at boosting its share price and regaining NYSE compliance.

 

Related Links:
http://tinyurl.com/27ybfrd

http://www.blockbuster.com

comScore Acquires Mobile Network Analytics Firm Nexius

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Reston, Va. – Internet audience measurement firm comScore
announced that it has acquired the products division of Nexius, a provider of mobile
network analytics services.

Financial terms of the transaction were not
disclosed.

Reston, Va.-based comScore said it expects the acquisition will add
approximately $4 million to its 2010 revenues.

The company said the deal will
allow it to expand its product offerings targeted at mobile operators.

"The
explosive growth of mobile data services is driving growth and profitability in
the sector but has also dramatically increased the amount and complexity of
customer data that operators must manage in this highly competitive global
marketplace," said Dr. Magid Abraham, comScore president and CEO.

 

Related Links:
http://tinyurl.com/29254mx

John Simson to Step Down as Head of SoundExchange

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Washington – SoundExchange, the recording industry entity
set up to collect and distribute digital music streaming royalties, said on
Thursday that founding executive director John Simon will step down after ten years
in the position. Simson will remain on until a successor can be found. "After
ten years of working with digital services, we’ve achieved many of our
important goals. We’ve established
fair rates for performers and labels and built the largest performer and recording
label society in the world," Simson said. "It is time for me to
return to different creative pursuits that I’ve been putting off these past few
years."


 

Related Links:
http://www.soundexchange.com

Amazon Debuts New Kindle DX With Better Screen, Lower Price

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Seattle – Amazon.com (NASD: AMZN) on Thursday introduced a new version of
its Kindle DX large-form e-book reader device, which boasts "50% better
display contrast," and a lower price tag of $379, down from $489. The new
model also features a new graphite-colored case, and a new, high-contrast
electronic ink display. Pre-orders for the new Kindle DX started today; the
device will ship on July 7.


 

Related Links:
http://tinyurl.com/35ur8kf

http://tinyurl.com/34aaost
(E Ink display announcement)

http://www.amazon.com/kindledx

PayPal Launches Mobile Express Checkout Service

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Los Angeles – PayPal, the online payments unit of eBay (NASD:  EBAY), has
introduced a new service that lets users pay for goods on their smartphones
with one click, TechCrunch reported. The Mobile Express Checkout service will
initially be support iPhone and Android 2.0+ devices, and retailers including
Nike and Buy.com. PayPal noted in April that its iPhone application had
surpassed a million downloads, and said its expects more than half a billion
dollars in mobile payment volume in 2010.  

Related Links:
http://tinyurl.com/39s3t6u

(TechCrunch)

http://tinyurl.com/5vl98h
(PayPal Mobile Express Checkout)

Report: Netflix Developing Instant Streaming App for Android

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Los Gatos, Calif. – Online DVD rental service Netflix (NASD: NFLX), which
recently introduced a streaming application for Apple’s iPhone, is developing a
similar application for Google Android-powered handsets, WebProNews reported.
The article notes a listing on Netflix’s job page seeking a great engineer to
help us build Instant Streaming client implementations on Android
devices."


 

Related Links:
http://tinyurl.com/3xgn5aj

(WebProNews)

Sex.com Domain Up for Sale Again

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Cambridge, Mass. – Online domain name marketplace Sedo
announced on Thursday that it has been hired to broker the sale of Sex.com by
Escom, four years after that now-struggling company purchased the domain for
$14 million. "It is an extremely rare opportunity that a domain name of
this caliber becomes available for sale," said Sedo sales director Kathy
Nielsen. "The sale of sex.com presents potential buyers with a once in a
lifetime opportunity."


 

Related Links:
http://tinyurl.com/38tlpou

http://www.sedo.com

http://www.sex.com