Tag: finance
HMV offered lifeline as labels and studios slash DVD and CD prices
High street entertainment retailer HMV may be about to be offered a lifeline after entering administration last week. The chain, now in the hands of administrators Deloitte, may get a helping hand from Universal Music, Universal Studios, Warner Music, Warner…
UPDATE: HMV no longer accepting gift cards
Following the announcement that high street retailer HMV are to go into administration, financial services firm Deloitte and HMV administrators have confirmed that HMV stores will no longer be accepting gift cards. Though shops remain open, vouchers can no longer…
HMV to go into administration
HMV is to go into administration, with 239 stores now facing closure and over 4,000 staff members facing unemployment. Following the closure of Jessops last week, HMV (an abbreviation of His Master's Voice), has struggled to match the strong competition…
Natural disasters contribute to Sony's record £3.5bn loss
Sony have confirmed that last year resulted in a record loss for the electronics giant. Between poor sales and natural disasters, Sony recorded a massive 456.7bn yen, or roughly £3.5bn loss last year. That's double what they lost the previous…
Sharp post massive $1.4 billion loss for the year: Mobile displays new focus
Sharp have posted a gigantic loss of 117.1 billion yen ($1.4 billion) for the financial year ending March 2012. Citing restructuring costs and inventory losses as the key reasons for the dramatic figures, Sharp have also stated that they expect…
Strong Galaxy S2 and Note sales lead Samsung to terrific financial quarter
Samsung have highlighted their Galaxy S2 and Galaxy Note handsets as the key to one of their most successful financial quarters ever. Both proving poster boys for Team Android, the Note and Galaxy S2 got a rare shout out during…
Credit cards at the ready – Facebook valued at £22 BILLION
Ever wondered how much it'd cost to snap up Facebook, the world's biggest social networking site? Well how does £22 BILLION sound? Pocket money! As a privately held company it can be a little difficult to pinpoint an exact figure,…
Nintendo and Capcom report massive quarterly losses
Both Nintendo and Capcom have reported massive losses during the financial quarter between April and June of 2010. Nintendo saw a decline in both net sales and operating income, down 25% and 45% respectively. It lead to a rare quarterly…
Axed Kin phone cost Microsoft $240 million, maybe more
The Microsoft Kin was to be the company's last high-profile mobile market push before the anticipated launch of Windows Phone 7. However, the social-orientated handset aimed at teens sold poorly, somewhere in the region of a mere 10,000 units, causing…
UK consumers set to splash the cash on electricals during World Cup finals
With proof that World Cup fever is set to hit our pockets as much as our brains, price comparison site Kelkoo have revealed new research showing that British spending is set to go through the roof during the world's greatest…
