Following a loss a year ago, Sony turned a profit in its first quarter thanks to strong sales of computers and TVs.
For the quarter ended June 30, the company took home a net profit of 25.7 billion yen ($294 million), compared with a loss of 37.1 billion yen in the prior year's quarter. Sales climbed 3.8 percent to 1.6 trillion yen.
The electronics giant attributed its rebound to profitability on strong sales across several of its business segments.
The Consumer, Professional, & Devices business showed a 7 percent gain in revenue to 889.5 … Read more
LOS ANGELES--Netflix probably won't get a star on Hollywood's Walk of Fame anytime soon, but the Web's top video rental service has recently become a blockbuster hit with film industry chieftains.
Just nine months ago, sources in the film industry told CNET that Netflix's long string of Wall Street-wowing earnings reports hadn't gone unnoticed at the studios. With all that money rolling in, many studio decision makers weren't happy with their cut--especially when it came to the company's blossoming streaming-movie service.
Netflix CEO Reed Hastings has apparently solved the problem--at least for now--by … Read more
Time Inc. likes to show off its iPad apps as a symbol of the company's future. But inside the publisher, the digital editions have become a source of hair-pulling frustration.
That's because the magazine giant has been unable to get Apple to let it sell and manage subscriptions for its iPad apps--much to Time Inc.'s surprise.
Last month, the publisher was set to launch a subscription version of its Sports Illustrated iPad app, where consumers would download the magazines via Apple's iTunes but would pay Time Inc. directly. But Apple rejected the app at the last minute, forcing the Time Warner unit to sell single copies, using iTunes as a middleman, multiple sources tell me.
Since then, Time Inc. executives "have been going nuts," trying to figure out how to get Apple to approve a subscription plan. One of the more desperate suggestions, which apparently didn't get traction: pulling the publisher's apps out of the iTunes store altogether.
Subscriptions, whether they're for ink-and-paper magazines or their digital editions, are a big deal for Time Inc. and every other magazine publisher. They value them in part because they provide recurring revenue, but primarily because they provide a treasure trove of data.
The ability to control digital subscriptions also gives publishers the ability to make their existing print subscriptions more valuable, by bundling the two together. Imagine a scenario where existing Time or Sports Illustrated subs get the digital version free, or at a very steep discount.
No other magazine publisher has approval to sell their own iTunes app subscriptions, either. But Apple and Steve Jobs had made a point of reaching out to Time Inc. executives and editors before the iPad's launch, and encouraged them to build digital editions for the platform. … Read more
The first wave of Google TV devices is right around the corner. To kick it off, Logitech is running a contest called the "Host with the Most" that will put its Google TV-stuffed Revue set-top box in the hands of users ahead of its official launch so that they can show it off to people they know. For the three winners there are some pretty serious strings attached though, including dedicating 20 hours a week for 10 weeks to host 50 to 70 marketing parties for the device.
Looking for the right gift for your favorite Facebook friend? A new service from the team of Amazon and Facebook can recommend the right products for shoppers by peeking at their Facebook profiles.
Launched as a beta on Monday, the new opt-in service will suggest gifts for your friends by checking out their favorite movies, music, books, and other items derived from their Facebook accounts. And if you're in the mood to buy something for yourself, Amazon also looks at your own Facebook profile to suggest products that might interest you.
You can try out the service by browsing … Read more
Though Comcast showed improvement in both sales and subscribers, costs related to its pending buyout of NBC Universal took a bite out of earnings for the second quarter.
On Wednesday, the cable company reported a net profit of $884 million for the quarter ended June 30, an 8.6 percent drop from the $967 million earned in the year-ago quarter. Comcast attributed the decline to the $22 million in operating expenses and the $37 million in financing costs it incurred over the NBC Universal deal, resulting in $59 million in total transaction costs for the quarter.
Does it say you are forward-thinking, future-forward, for change, for progress and for a better world? Or does it say that you are a slightly putzish character who will blow $800 just to boost your lowly levels of self-esteem to around a +0.2?
I know you have been torturing yourself about this for some time. So, please say thank you to a company called MyType that took it upon itself to profile iPad owners.
MyType, which claims to help you "discover your personality type," examined the feelings of 20,… Read more
Amazon has sold out of its least expensive Kindle, perhaps providing further evidence of the e-reader's popularity, or signaling a new device in the offing.
Anyone who has visited the popular e-tailer's site in the past year or so has grown accustomed to being greeted by the Kindle's image. However, as of Tuesday afternoon, the base $189 Kindle had been replaced on Amazon's home page by the $379 Kindle DX.
The page for the base Kindle featured a note to shoppers saying the device was "temporarily out of stock. Order now and we'll deliver … Read more
Rumors that The Walt Disney Company would acquire social-gaming conglomerate Playdom have turned out to be true: Disney issued a statement on Tuesday, after the market closed, announcing its intent to acquire Playdom for $563.2 million, plus potential earnouts of up to $200 million.
"We see strong growth potential in bringing together Playdom's talented team and capabilities with our great creative properties, people, and world-renowned brands like Disney, ABC, ESPN, and Marvel," President and CEO Robert Iger said in the statement.
The Mountain View, Calif.-based Playdom is the manufacturer of popular social games such as … Read more