Nintendo sold about 3.63 million Wii consoles in its home market in 2007 while Sony sold 1.21 million PS3s, according to magazine publisher Enterbrain.
The Wii also trounced the PS3 more than three-fold in the key year-end sales period between November 25 and December 30, selling 774 123 Wii consoles against Sony's sales of 232 421 PS3s, the survey showed.
Nintendo won back its lead after the two rivals briefly traded places in November, when the PS3 outsold the Wii in Japan for the first time, helped by a price cut and a stronger line-up of games, according to Enterbrain.
Monday, 07 January 2008
Wii trounces PS3, Xbox
(Fin24) - Nintendo's Wii outsold rival Sony's PlayStation 3 three-fold in Japan last year, helping the country's multi-billion dollar video game market to notch up its best ever year, a survey showed on Monday.
Oil drops further away from $100
(Fin24) - Oil prices eased further from the historic 100-dollar-a-barrel level on Monday on fears that energy demand in the United States could be hit by the weakness of the world's biggest economy, traders said.
New York's main contract, light sweet crude for delivery in February, fell 51c to $97.40/barrel in electronic deals.
It had struck a record high of $100.09 last Thursday.
On Monday, Brent North Sea crude for February eased 7c to $96.72/barrel. Last week it struck an historic peak of $98.50.
"Prices fall as weak economic data rekindle fears of recessions in the US," Barclays Capital analyst Kevin Norrish wrote in a note to clients.
Europe Confidence Falls to Lowest in Almost Two Years
(Bloomberg) -- European economic confidence fell in December to the lowest in almost two years as orders weakened and soaring prices for food and energy pushed up inflation.
An index of executive and consumer sentiment in the euro area slipped to 104.7, the lowest since March 2006, from 104.8 in November, the European Commission in Brussels said today. A separate report showed producer-price inflation accelerated in November to the highest in almost a year.
Expansion in Europe's services and manufacturing industries is slowing and confidence is weakening after oil prices reached a record and the euro gained against the dollar. Still, the European Central Bank has held off cutting its key lending rate as inflation soars, threatening to fuel bigger pay demands.
Sunday, 06 January 2008
LG Electronics Develops U.S. Mobile TV Technology
(Bloomberg) -- LG Electronics Inc., South Korea's second-largest electronics maker, said it developed technology that may encourage U.S. consumers to watch digital television programs on mobile phones, laptops and car navigation systems.
The Mobile Pedestrian Handheld technology will be demonstrated at the Consumer Electronics Show in Las Vegas starting tomorrow, Kim Gyeong Whan, a spokesman at Seoul-based LG, said today by telephone. Portable devices equipped with MPH chips can display live TV broadcasts in cars traveling as fast as 90 kilometers (56 miles) per hour, according to LG.
The technology is cheaper to adopt than rival systems because it lets stations use existing airwaves, LG said. The company estimates the North American mobile TV market will expand 33 percent to $3.2 billion next year after growing 50 percent in 2008 as federal law requires U.S. broadcasters to convert to digital transmissions by February 2009
US STOCKS-Market sinks as jobs data stirs recession fears
(Reuters) - U.S. stocks tumbled on Friday, dragging the Dow to its worst three-day start to a year since the Great Depression, as a sharp rise in the unemployment rate heightened fears the economy is heading into a recession.
Technology shares were the worst performer in a broad-based decline after chip maker Intel Corp skidded 8.1 percent on concerns that businesses are unlikely to upgrade computer equipment in the face of a slowdown.
The Nasdaq fell 3.77 percent, bringing the index to its worst three-day kick-off to a new year since it was created in 1971.
The U.S. Labor Department reported job creation nearly ground to a halt in December and unemployment rose to a two-year high of 5 percent.
"The payroll numbers are showing that we don't have the jobs, and if you don't have job income you don't have consumers doing any spending," said Gary Shilling, president of A. Gary Shilling & Co. of Springfield, New Jersey. "I don't think there's much question we're in a recession now."
Friday, 04 January 2008
U.S. Stocks Fall After Job Growth Misses Forecast; Apple Drops
(Bloomberg) -- The U.S. stock market got off to its worst start since 2000 after government reports on jobs and manufacturing added to concern the economy will sink into recession.
Apple Inc., maker of the iPod music player, fell the most since April 2005 and was the biggest drag on the Standard & Poor's 500 Index. Apple declined after Intel Corp., the largest chipmaker, was downgraded by JPMorgan Chase & Co. Alcoa Inc., Home Depot Inc. and Hewlett-Packard Co. led the Dow Jones Industrial Average to its third retreat in four days.
Thursday, 03 January 2008
Consumers late payers on most loans since recession
(Reuters) - Americans are falling further behind on consumer loans, with late payments rising to the highest level since the nation's last recession in 2001, data released Thursday show.
In its quarterly study of consumer borrowing, the American Bankers Association said the percentage of loans at least 30 days past due rose to 2.44 percent in the July-to-September period from 2.27 percent in the previous quarter.
The delinquency rate, which covers eight loan categories, was the highest since a 2.51 percent rate in the second quarter of 2001. Late payments on some types of loans rose to levels not seen since the 1990s.
The ABA attributed some of the summer increase to rising oil prices and the inability of thousands of homeowners to keep up with mortgage payments.
Subscribe to:
Posts (Atom)
