Nokia has always been the worldwide leader of market share in the mobile world but only was third in market value. This week, however, HTC's rapidly growing popularity has caused the company to overthrow Nokia in the third rank as HTC posted record profits this quarter, making them the third largest phone maker behind Samsung and Apple.
HTC brought in a net income of $513 million in the first quarter, almost triple of last year and 20% higher than what analysts projection for the company.
Sales had a lot to do with this, too. HTC was one of the biggest benefactors of the Android operating system and sales were doubled because of it. HTC projects their sales to continue and their profits to soar this quarter as they are releasing their first tablet.
Will HTC's success continue after Android's announcement last week that they're
moving to a more strict guideline for their platform? My speculation lies after the break.
Those of you who still read bound pages of paper with words on them, otherwise known as books, should be familiar with
Random House who is known for their content creation and publishing of fiction, nonfiction and children's books. About a year ago they started expanding their horizons by entering into the video game industry with . The game has enjoyed some success and had Homefront average reviews, which considering it was their first video game ever, they do deserve some credit.
The content is what made
Homefront a deep and immersing experience despite some lacking and sometimes funny gameplay mechanics courtesy of Kaos Studios, a division of THQ. The story is adapted from the novel which has lead them to expand their partnership with THQ to translate their written content across many different media types.
To find out if this transmedia adventure goes both ways, hit the break.
This week, GameStop and Facebook tied the knot online as the gaming retailer launched an app on Facebook through the ShopFans platform that will act as a storefront for the company for its 1.8 million Facebook fans. In the midst of
Facebook looking to monetize their user base using their service, GameStop is the first gaming company to launch a full-on store on the networking site, completely with videos, reviews, ratings, a store finder and the usual Like button.
Analysts are intrigued by the idea. Lou Kerner from Wedbush thinks this will start a new trend in social media.
Companies are feeling a lot more comfortable about leveraging social media with commerce on Facebook, compared with commerce on their own site. Things are early, and people typically don't view Facebook as a commerce destination, but it's our belief that will rapidly change.
Will Facebook start yet another popular commodity? We'll talk about it more after the break.
Best Buy will come up with a good idea but most of the time they will copy from other companies because the ideas they come up with internally usually produce poor results. This week, Best Buy has announced that they've ignored the success of their web sales for far too long and are going to restructure to a new business model that tailors to web sales, to compete with Amazon.com.
Additionally, Best Buy will also look to bring more selection to their web-only inventory and will lower the prices on those items, clearly to match the competition in order to not fail on another idea. The company has also said they will be shrinking the footprint of their storefronts as the leases expire, more than likely due to placing emphasis on the high dollar, low margin end-products like their Magnolia TV selection. Best Buy has also said they will be considering closing some of their larger stores completely.
Want to know more on how this will all play out? Click the break.
After waiting since its initial
bankruptcy filing in November the long wait is over to find out the ultimate destination of Blockbuster Video's auction, and the winner is - Dish Network. Why, you may wonder, would the country's third largest provider of subscription television want to purchase a bankrupt, irrelevant business concept? The answer is branding, of course.
While Blockbuster may not have relevance in the current video-streaming market, it has a name that everyone knows. In addition, the word is synonomous with something large and amazing - the summer blockbuster films. Combine that name with the pure size of Dish Network and you have quite a powerhouse.
However, how might Dish use the Blockbuster name and the existing stores? Hit the break to find out.
Google has always been known for starting their projects as open (and in beta) to attract as many people away from the competition as possible. They do this until the product or service gains enough popularity to
finally pull the open plug and put the item on a closed circuit. This happened recently with Chrome and their removal of the accepted and soon-to-be standard H.264 support. This week, Google has decided to close up the shop to the public with their Android operating system, citing reasons like fragmentation and confusion on the market. Companies will now have to have their design changes to the OS approved by Google before they will be able to receive Google's latest updates and nod.
Not only did we mention those issues would cause problems for The Goog in the future, we also called it that Google would do this, like they do everything else, in an effort to control everything on the web. Put forth a "people-friendly" front and then lock them into whatever they are using because they made a complete transition seems to be Google's continued M.O. and theme of their business. That and hiring an entire staff to come up with
April Fool's Jokes year after year, of course.
This is a huge issue that affects companies ranging from LG, Toshiba, Samsung and HTC to even Facebook. Why? Hit the break to find out.