Zynga Games Are 11% of Facebook’s Revenue

APRIL 23, 2012 ● For the three months ending March 31st, Facebook recorded $1.06 billion in first quarter revenue. More interestingly, virtual item sales from Zynga games, and Zynga advertising, accounted for 11%, or $116.6 million of Facebook’s first-quarter revenue. Impact: Facebook and Zynga go hand and hand.  No other company comes close in the games on Facebook and.....

Drexel University Research Says Xbox 360 Credit Card Data Not Deleted

APRIL 1, 2012 ● According to a Drexel University study, resetting an Xbox 360 to original factory settings does not delete previously stored Xbox 360 credit card data from the hard drive. The research team purchased one of the consoles used, then applied generally available computer applications to search the hard drive for the consumer data. A Microsoft representative disputed the report, saying the Xbox 360 is not designed to save such credit .....

Kabam Acquires Gravity Bear

MARCH 29, 2012 ● Free-to-play publisher of hardcore social games Kabam announced it acquired 
Emeryville, Calif.-based 3D
social 
game developer
 Gravity
Bear, creator
of the role-playing
 combat game,
 Battle
Punks. Impact: There is growing focus on bringing hardcore gamers into Facebook games which traditional have appealed to a different audience.  At E3, DFC Intelligence.....

thatgamecompany Journey Fastest Selling PlayStation Network Title

MARCH 29, 2012 ● Los Angeles-based developer thatgamecompany has broken PlayStation Network and PlayStation Store records with its third title, Journey. In two weeks the game has become the fastest selling first- or third-party title in SCEA’s region. Journey is a fantasy that explores self-discovery in an artful environment often likened to a Japanese garden. I.....

Best Buy to Close 50 Stores

MARCH 29, 2012 ● After reporting a $1.7 billion loss on March 3, Best Buy announced that it would close 50 stores during the next year, as well as cut 400 jobs from its corporate and support personnel rolls.  The retailer wants to cut $800 million by its fiscal year 2015. .....

U.S. Families Fond of Apple Devices

MARCH 28, 2012 ● In a telephone poll of 836 households, the CNBC cable channel’s All-America Economic survey extrapolates that half of all U.S. homes have at least one Apple device. In those homes that have Apple devices, the average number owned is three. Impact: Apple really is sitting on top of the world. Its devices are in demand, and each of those devices cross-pollinates easily wit.....

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