Angry Birds Maker Posts Loss Despite Jump in Sales

Angry Birds Maker Posts Loss Despite Jump in Sales

Finland’s Rovio Entertainment, creator of the popular smartphone game Angry Birds, on Thursday posted a loss for the third quarter despite rising sales, as it increased its investments with a view to boost its winnings in future.

Sales reached EUR 70.7 million (nearly $84 million) in the third quarter compared to 50 million the previous year, but year-on-year the company lost EUR 800,000.

Rovio posted a profit of EUR 3.9 million in the third quarter of 2016.

The company said this quarter’s negative result was expected as it invested EUR 22 million in top performing games, hoping this would boost its profits in future.

“In line with our growth strategy, we significantly increased our investments in user acquisition, which predictably led to a decline in profitability,” Rovio chief executive Kati Levoranta said in a statement.

“We expect the payback time for these investments to be 8 to 10 months,” Levoranta said, adding the launch of the new Angry Birds Match game could become one of the company’s “best performing”.

The group entered the Helsinki Stock Exchange at the end of September and was valued at 950 million euros.

On Thursday morning, the company’s share price was down by 19 percent.

Rovio has accelerated its diversification in recent years.

The release of the Angry Birds movie (2016), produced by Sony Entertainment, was a huge success that grossed $350 million worldwide, and is expected to help bolster Rovio profits in 2017 and 2018.

The company also runs Angry Birds theme parks in several countries, including Finland, China and Spain.

It oversees the publication of children’s books in a dozen languages, while boasting an average of 80 million active players per month and 11 million per day.

[“Source-gadgets.ndtv”]

sub zero refrigerator repair key largo

Have you had your fridge for a while? If you have, it may need recurring repairs. It could even need a full replacement in some instances. Most homeowners will be in the market for a new refrigerator at some point. There are so many great options out there, it can be hard to make the right decision.

One of the most popular fridges out there is the Sub Zero. This model exudes everything a homeowner could want from their refrigerator when it comes to storage and technology. This doesn’t come at the cheapest price, though.

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Shyness from purchasing one of the fridges is understandable given its sticker price in the store. Once you consider the benefits it brings and money it can save you over time, you will realize that this fridge may even pay for itself. Anyone in the market for a new fridge should look into getting a Sub Zero today.

Google Parent Alphabet Reports Strong Results on Mobile Ads, YouTube, Other Bets

Google Parent Alphabet Reports Strong Results on Mobile Ads, YouTube, Other Bets

Google’s parent company Alphabet on Thursday reported profit in the recently-ended quarter leapt as money poured in from ads delivered to mobile devices and returns improved on “other bets.”

Alphabet profit was up 32.4 percent to $6.7 billion (roughly Rs. 43,555 crores) on in the quarter on revenue that increased 24 percent to $27.8 billion (roughly Rs. 1,80,724 crores), up 24 percent from the same period a year earlier.

Chief financial officer Ruth Porat credited “strength across Google and Other Bets.”

The earnings topped market expectations, and Alphabet shares jumped in after-market trade on the Nasdaq exchange before concerns about growing expenses apparently caused them to settle back a bit to be up nearly 3 percent to $1,021.

“It is what everybody looks at every time: what is going on with expenses?” independent analyst Rob Enderle told AFP.

“For the most part they seem to be well managed, but you watch to make sure they remember they still have limits even though they are printing money.”

While mobile ads were a main area of growth, they brought with them higher traffic acquisition costs, pushing up Google expenses in a trend seen as unavoidable.

Investing in cloud services and artificial intelligence also means spending more on data centers to provide the massive computing power involved.

“I’ve been really proud of the progress this quarter; launching popular new products and continuing to grow our business in new areas,” Google chief executive Sundar Pichai said in an earnings call with analysts.

“It’s been particularly exciting to see our early bet on artificial intelligence pay off and go from a research project to something that can solve new problems for 1 billion people a day.”

YouTube continued to see “phenomenal growth” with more than 1.5 billion people spending an average of an hour a day watching videos there on mobile devices, and surging use on television screens in homes, according to Pichai.

He boasted of progress winning businesses over to Google services hosted in the internet cloud, where the company competes with Amazon and Microsoft in that market.

Pichai also said that opening day pre-orders for recently unveiled Pixel 2 smartphones were double that seen for the first-generation Pixel.

Google is “seriously committed to making hardware” as well as working with partners such as South Korean consumer electronics giant Samsung which is a major producer of smartphones powered by Android software made available free by the US Internet company.

“The intersection of hardware and software is how you drive computing forward,” Pichai said.

“I think it’s important we thoughtfully put our opinion forward.”

Smartphones and other devices “made by Google” can showcase the potential of its Android and Chrome software, setting a bar for partners.

Moonshots
A corporate reorganisation started two years ago created Alphabet, which has holdings including cash-engine Google and ventures devoted to innovative “moonshots” such as Waymo self-driving car unit and a Loon project for delivering internet service from high-altitude balloons.

Subsidiaries other than Google were put into an “other bets” group which saw revenue in the quarter rise to $302 million (roughly Rs. 1,963 crores) from $197 million (roughly Rs. 1,280 crores) during the same three-month period last year.

Google ads accounted for the bulk of Alphabet revenue, contributing $27.47 billion (roughly Rs. 1,80,369 crores), according to the earnings release.

Alphabet earlier this year spun off a little-known unit working on geothermal power called Dandelion, which will begin offering residential energy services.

Dandelion chief executive Kathy Hannun said her team had been working for several years “to make it easier and more affordable to heat and cool homes with the clean, free, abundant, and renewable energy source right under our feet,” and that the efforts culminated in the creation of an independent company outside of Alphabet.

Meanwhile, Alphabet’s life sciences unit Verily announced a study to track people for years, right down to their genetics, in a quest for insights into staying healthy.

Alphabet also owns Nest, which recently expanded its line-up of smart home devices to include a security system.

Nest, Fiber, and Verily were said to be top performing other bets in the quarter.

Waymo on Thursday announced plans to begin testing self-driving cars in notoriously troublesome ice and snow conditions in the US state of Michigan this winter.

[“Source-gadgets.ndtv”]

Ryan School murder case: CBI questions Class 11 student, no evidence against bus conductor

Demonstrators protest outside Ryan International School in Gurgaon as they demand action against the school. File photo: PTI

Demonstrators protest outside Ryan International School in Gurgaon as they demand action against the school. File photo: PTI

New Delhi: A Class 11 student who allegedly wanted the parent-teacher meeting and exams to be postponed has been apprehended in connection with the killing of a seven-year-old boy in Gurgaon’s Ryan International School, the Central Bureau of Investigation (CBI) said on Wednesday.

In a sensational twist to the case, the high school student, who is about 16 years old, was apprehended late last night for allegedly killing his junior inside the school, said a CBI spokesperson.

Pradyuman, a Class 2 student of the school, was found dead with his throat slit by a sharp-edged weapon on the morning of 8 September.

Officials in the agency said the crime was committed in just three to four minutes. The CBI has not found any evidence so far against bus conductor Ashok Kumar, who was the Gurgaon Police’s sole accused in the gruesome killing, CBI spokesperson Abhishek Dayal said.

The murder weapon, a knife, was found in the commode of the toilet where the killing allegedly took place, he said. It was the same knife seized by the Gurgaon Police.

According to the agency, the Class 11 student, believed to be weak in his studies, allegedly slit Pradyuman’s throat to get the school to declare a holiday in order to defer a scheduled parent-teacher meeting (PTM) and an examination.

The CBI spokesperson said the minor student was apprehended last night at 11.30 pm in accordance with the provisions of the Juvenile Justice Act. “His parents were kept in the loop and all measures in accordance with the JJ Act were complied with. He remains our prime suspect.”

He said the agency analysed CCTV footage, showing the movement of people in and out of the toilet, on the basis of which it narrowed the list of suspects. The agency has not found any evidence of sexual assault, he said.

The CBI was able to piece together elements of the crime by analysing CCTV footage, scientific and forensic examination, analysis of the crime scene and by questioning students, teachers and staff of the school.

Based on CCTV footage and crime scene analysis, the agency examined all potential suspects and witnesses. The list included 125 teachers and students, officials said.

Ryan Pinto, owner of the Ryan International School chain, is yet to be questioned in the case. “The probe is still on. The first task was to identify the killer. It was a tough case. By the time the case was given to us, many persons were allowed to use the bathroom. We are questioning the teenager only between 10am to 5pm as per JJ Act provisions,” said an official.

The mobile records of all the suspects were scrutinised and examined by the CBI’s special crime team. Although the Class 11 student had planned a killing on 8 September, the “child in conflict with law” had not identified his target, Dayal said. It was a coincidence that Pradyuman reached the toilet and became a victim of senior student’s ghastly plan, officials added.

The father of the high school student told a television channel that his son was innocent and they had been cooperating with the police from day one. “My son didn’t do anything. He informed the gardener and teachers after finding Pradyuman’s body. He stayed in the school the entire day, and appeared for the exam. There was not even a single spot of blood on my son’s clothes,” the father said, his face pixellated to avoid identification.

Giving details, he said Tuesday was the fourth time they were called. “I reached there around 11am… I left from there at 2am and CCTV footage can be seen for that,” he said.

The CBI’s findings will be a major embarrassment for the Gurgaon Police, which had blamed Ashok Kumar and alleged that he was waiting in the toilet with a knife. The police had formed 14 SIT teams.

Kumar, a resident of Ghamdoj village in Sohna, was hired by a school bus contractor around seven months before the killing. Villagers in Ghamdoj had said Kumar had been framed and he had no previous history of being involved in any crime. “Now that they have arrested this student, it is proof that the doubt we had about the police investigation was right,” Pradyuman’s father Varun Thakur told the media.

[“Source-livemint”]