John Riccitiello Out at Electronic Arts
MARCH 19, 2013 • Six years after taking the reins at Electronic Arts, John Riccitiello resigned as chief executive and board member. In a blog post to EA employees, Riccitiello described his departure in financial terms. “My decision to leave EA is really all about my taking accountability for the shortcomings in our financial results this year. It currently looks like we will come in at the low end of, or slightly below, the financial guidance we issued t.....
PlayStation Vita Sales Upswing In Japan
MARCH 15, 2013 • Moving the price on all PlayStation Vita SKUs in Japan to ¥19,980 ($213) has been well received by consumers there. In each of the two weeks since the Feb. 28 markdown the Vita has surged to the top of the retail charts, according to research firm Media Create. For the week ending March 3rd the Vita made it to first place with 62,543 units sold, up from 4th place the week b.....
Electronic Arts Loves Microtransactions
FEB. 27, 2013 • During a guest presentation at the Morgan Stanley Technology, Media & Telecom Conference, Electronic Arts chief financial officer Blake J. Jorgensen said the publisher is now building microtransactions capability into all of its games. “The ability to pay for things along the way, either to get to a higher level to buy a new character, to buy a truck, a gun, whatever it might be, and consumers are enjoying and embracing that way of the .....
LG Acquires WebOS
FEB. 25, 2013 • Major South Korean consumer electronics manufacturer LG Electronics Inc. is buying the WebOS operating system source code from the Hewlett-Packard Co. The latter acquired the mobile phone system when it purchased Palm, Inc. in 2010 for $1.2 billion. Financial terms of the LG deal were n.....
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