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”]

Broadcom to Buy Network Gear Maker Brocade for $5.5 Billion

Broadcom to Buy Network Gear Maker Brocade for $5.5 Billion

HIGHLIGHTS

  • Broadcom known for its connectivity chips used in mobiles and servers
  • Broadcom said it planned to sell Brocade’s networking business
  • Company’s top customers include Cisco, Hewlett Packard and Intel

Chipmaker Broadcom Ltd said it would buy Brocade Communications Systems Inc for $5.5 billion (roughly rs. 36,672 crores), pushing deeper into the fast-growing market for network equipment used in data centers.

The deal, the latest in a consolidating chip sector, will allow Broadcom to corner a larger share of the data center products market by using Brocade’s fiber channel switches that speed up data transfer between servers and storage devices.

Singapore-based Broadcom, formerly Avago Technologies, is known for its connectivity chips used in products ranging from mobiles to servers, while California-based Brocade makes networking switches, software and storage products.

“We believe the deal is highly complementary to Broadcom’s existing enterprise storage offerings and boosts its exposure to the high-growth data center market,” CFRA Research Angelo Zino said.

The market for IT infrastructure products is expected to expand rapidly. Total spending on cloud infrastructure, including server, storage and ethernet switches, will increase by 15.5 percent to $37.1 billion in 2016, according to research firm IDC.

Broadcom said it planned to sell Brocade’s networking business, which makes controllers and access points that help businesses offer high-speed internet to their customers, to avoid competing with its top customers such as Cisco.The $12.75 per share offer represents a premium of 46.7 percent to Brocade’s close on Friday.

Brocade’s shares were up 9.5 percent at $12.31, while Broadcom’s stock rose 1.7 percent to $171.73.

Up to Tuesday’s close, Brocade’s shares had gained nearly 30 percent since Bloomberg reported on Monday that the company was in talks to sell itself.

The chip industry has been undergoing rapid consolidation as companies try to capture market share, much of it related to connected devices and cars, and Avago/Broadcom has been one of the sector’s most prolific acquirers.

Since taking over the top job at Avago a decade ago, Chief Executive Hock Tan has turned around a small chipmaker into a giant with a market capitalization of $67 billion.

In the biggest chip deal ever, smartphone chipmaker Qualcomm Inc agreed last week to buy NXP Semiconductors NV for about $38 billion, making it the leading supplier to the fast-growing automotive chips market.

The Qualcomm-NXP deal topped Avago’s $37 billion acquisition of Broadcom Corp last year that formed Broadcom Ltd.

Broadcom’s top customers include Cisco, Hewlett Packard Enterprise and Intel Corp.

A big part of Brocade’s networking business that Broadcom plans to divest was acquired as part of Brocade’s $1.5 billion acquisition of Ruckus Wireless earlier this year. The unit generated $209 million in product revenue in the third quarter.

“I don’t think there will be a lack in buyers for the IP business,” Drexel Hamilton analyst Cody Acree told Reuters, adding that companies such as Cisco, Hewlett Packard Enterprise and some Chinese firms are trying to make headway in the space.

Reuters reported on Tuesday that a Broadcom-Brocade deal was imminent.

Broadcom said it would take on about $400 million of Brocade’s debt and fund the deal with available cash and debt.

Evercore was Brocade’s financial adviser.

© Thomson Reuters 2016

Tags: Braodcom, Brocade, Acquisition, Internet, PC, Laptops, Mobiles, Tablets, Telecom, Home Entertainment
[“Source-Gadgets”]

Pokemon Go Will Get New Pokemon Says Maker; Update Introduces Wrist Accessory Support

Pokemon Go Will Get New Pokemon Says Maker; Update Introduces Wrist Accessory Support

HIGHLIGHTS

  • Pokemon Go will get new Pokemon going ahead
  • Niantic discussing player-versus-player battles
  • Pokemon Go Plus wrist accessory launched at $35

It is not a hidden fact that Pokemon Go has moved past its prime. Several reports have depicted the fall in popularity that the augmented reality game has suffered. However, the game still enjoys a huge user base and if the latest words by Niantic CEO John Hanke are anything to go by, the lost players might be interested in coming back to the game.

At TechCrunch Disrupt, Hanke discussed Niantic’s plans to develop the game further and how it will be adding various features going forward. Regarding introduction of new Pokemon to the game, Hanke said, “It’s always been the intent to gradually introduce more Pokémon into the experience over time. It’s a natural way to keep the game fresh. Some Pokémon are highly coveted and people are going to be really excited when they show up in the game,” reports Venture Beat.

He said that the company always looked at Pokemon Go as a game that will develop over several years. He said, “We got the minimum viable product into the marketplace, and that’s the tip of the iceberg in terms of where we’ll ultimately take the game.”

Hanke said that the company is trying to figure out the best ways to include features like player- Pokémon trading, versus-player battles, while providing more stable servers over time. Hanke didn’t provide any specific timeline for introduction of these features.

Niantic also launched its much-awaited Pokemon Go Plus wrist accessory, which was revealed by the company at the game’s launch. Pokemon Go Plus connects with your Android or iOS phone, alerts you about in-game events like the presence of PokeStops or Pokemon by vibrating or by flashing an LED light.

However, the company has clarified that the accessory will only be available in select markets and limited quantities.

The accessory is fairly useful and will help its users save battery-life on their phones and will cost $34.99 (roughly Rs. 2,350). Notably, Pokemon Go is coming to the Apple Watch to offer similar companion app functionality to augment gameplay.

Niantic has also updated both Android and iOS apps to support the wrist accessory, adding a quick help guide apart other minor fixes.

Tags: Pokemon Go Plus Accessory, Pokemon Go, Niantic, John Hanke, Gaming, Apps, Wearables

 

[“Source-Gadgets”]

Freedom 251 Maker Ringing Bells Introduces Loyalty Card Programme

Freedom 251 Maker Ringing Bells Introduces Loyalty Card Programme

HIGHLIGHTS

  • There are 3 loyalty cards each valid for 1 year
  • The denominations are Rs. 500, Rs. 1,000 and Rs. 2,000 respectively
  • Users will also receive Freedom 251 units as free gifts under it

Noida-based Ringing Bells that introduced the world’s cheapest smartphone Freedom 251 on Tuesday launched a loyalty card programme for its products on its first anniversary.

With silver, gold and platinum loyalty cards, customers will get discounts on purchase of every Ringing Bells product, along with a Freedom 251 smartphone as free gift.

“The loyalty cards will be valid for one year and customers will get 5 percent, 10 percent and 15 percent discount on buying Ringing Bells products with cards on denomination of Rs. 500, Rs. 1,000, and Rs. 2,000,” the company said in a statement on Tuesday.

“The silver and gold cards are entitled to one free unit of Freedom 251 and the platinum card is entitled to two free units of Freedom 251,” the company added.

The booking for the loyalty cards will begin on its website from Thursday.

In the meanwhile, yet another unknown company has come forth to announce the launch of a budget smartphone at an incredible price – Rs. 501. Called the ChampOne C1, the smartphone actually features a price of Rs. 7,999, but the Jodhpur-based firm behind the device is selling it at Rs. 501 in its first flash sale on Friday. The smartphone’s highlight feature at the price is the inclusion of a fingerprint sensor.

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The ChampOne C1 runs on Android 5.1 Lollipop and supports dual-SIM. It features a 5-inch HD (720×1280 pixels) IPS display, and is powered by a 1.3GHz MediaTek MT6735 quad-core processor with 2GB RAM. It offers 16GB of inbuilt storage. Optics include an 8-megapixel back camera, and a 5-megapixel front snapper. There’s a 2500mAh battery packed inside, and connectivity options include 4G LTE support. It will be made available in White, Silver, and Gold colour options.

Written with inputs from IANS

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ChampOne C1

ChampOne C1

R 501

Display

5.00-inch

Processor

1.3GHz

Front Camera

5-megapixel

Resolution

1280×720 pixels

RAM

2GB

OS

Android 5.1

Storage

16GB

Rear Camera

8-megapixel

Battery capacity

2500mAh

See full ChampOne C1 specifications
Ringing Bells Freedom 251

Ringing Bells Freedom 251

Display

4.00-inch

Processor

1.3GHz

Front Camera

0.3-megapixel

Resolution

540×960 pixels

RAM

1GB

OS

Android 5.1

Storage

8GB

Rear Camera

3.2-megapixel

Battery capacity

1450mAh

See full Ringing Bells Freedom 251 specifications
Tags: Freedom 251 Specifications, Ringing Bells Freedom 251 Smartphone, Ringing Bells, Mobiles, Android,Make in India

 

[“Source-Gadgets”]