Nokia profits plunge 90%

2009 has proved to be a testing time for Finnish mobile phone giant Nokia, with the telecoms specialist reporting a 90 per cent fall in profits for Q1 2009. Net profits reached €122m, heavily down on the €1.2bn in the same period in 2008. Sales were also down, dropping 27 …

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Nintendo to release ‘key property’ at Xmas

The CEO of US retail giant Gamestop has said that Nintendo has asked him to save shelf space this Christmas – for a major new key property”. Dan DeMatteo told CNBC: "We think there will be a Nintendo key property coming out by the end of the year. They haven’t …

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Activision Blizzard earnings ahead of expectations

Ahead of the release of its upcoming quarterly report, publisher Activision Blizzard has said that net revenues are likely to be in excess of the $860m it had previously predicted. As a result, it now forecasts net revenues of $4.2bn for the full fiscal year. Global consumer response to the …

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LeapFrog springs into games market

Children’s electronics specialist LeapFrog has launched the first of what is expected to be many edutainment titles for Apple’s iPhone, marking its first foray into the mainstream games market. Click here to read the full story on CasualGaming.biz.

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UK retail sees 0.7% Q1 decline

The UK High Street suffered a like-for-like sales decline of 0.7 per cent in Q1 and 1.2 per cent in March, the latest figures from the British retail Consortium reveal. Retail Week reports, however, that total sales grew 1.2 per cent year-on-year, with March number’s climbing by 0.6 per cent. …

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UK PC ownership hits 70%

PC ownership in the UK had hit 70 per cent by 2007, according to the latest figures from the Office of National Statistics. According to the ONS’ Social Trends report, released yesterday, ownership of home computers rose from 29 per cent in 1998 to 70 per cent in 2007. Click …

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