The sluggish sales of Nintendo's new gaming device 3DS pushed the company to make a surprising move to slash the price by $80, or more than 30 percent, possibly losing money for each sale of the device.
Investors were expecting Motorola's newest anticipated device, the LTE capable Bionic, to be released August. On top of the Bionic's delays, Motorola is also delaying their newest update of the Xoom tablet. To continue to add insult to injury, Motorola had to cut the price of their current Xoom tablet to $499 from $799 after disappointing sales.
Chevron Corp, the second-largest U.S. oil company, reported a 43 percent jump in quarterly profit on Friday, beating Wall Street forecasts as high oil prices and fat refinery margins offset a drop in its oil output.
German auto parts and tire maker Continental AG raised its full-year sales forecast on Friday as price increases helped it offset a sharp rise in raw material costs.
Motorola Mobility warned that its third-quarter profit would miss expectations due to a long delay of a key smartphone launch and a tablet computer price cut, sending its shares down 4 percent.
The 3DS is an upgrade from the DS in Nintendo's long line of handheld video game consoles, but after a disappointing launch, Nintendo has dropped the price to $170 dollars from $250.
Beginning August 12th, the Nintendo 3DS will be $80 cheaper, a desperate move by Nintendo to increase sales after a disappointing launch. The 3DS is an upgrade from the DS in Nintendo's long line of of handheld video game consoles called Gameboy.
Japanese gaming giant Nintendo lowered the price of its 3DS handheld game console after sluggish sales led to a greater than expected earnings loss.
Google's Page Speed Service will allow developers to create a faster web page...at a cost.
Nintendo slashes the price of its 3DS console amid poor, underwhelming sales.
Japan's Nintendo Co Ltd posted its first-ever quarterly operating loss, cut the price of its 3DS handheld game player and slashed its full-year profit forecast far below market expectations, hit by sluggish sales and a strong yen.
Nintendo is dropping the price of its 3DS handheld device by $80 on August 12 in hopes of improving slow sales.
Nintendo announced plans to drop the retail price of its portable Nintendo 3DS system to $169.99 in the U. S. down from the suggested launch price of $249.99 effective Aug. 12.
Research In Motion
is still in the early stages of a software transition and faces daunting competition from Apple , Google and later Microsoft , a UBS analyst said on Wednesday.
Prices for new single family homes rose to a five-month high in June even as sales slipped, but recovery for the broader housing market continues to be frustrated by an oversupply of properties.
Jefferies & Co. said Netflix Inc.'s (NASDAQ: NFLX) second quarter results missed revenue and subscribers addition estimates on higher churn, while third quarter guidance was below consensus.
Negative impact is only short term, executives say
Grain prices will likely remain elevated at the end of this year, a Reuters poll showed, providing little relief to food prices while continuing to challenge policymakers battling to tamp down inflation.
GE is making progress in earnings and profits as the company reshapes its business, but its stock price is lagging behind. Here's three things needed to get GE's stock price moving again.
Jefferies & Co. upgraded its rating of Motorola Solutions Inc. (NYSE: MSI) to "buy" from "hold" and increased its price target to $55 from $49.
For those angry Netflix customers, there is hope outside of the red envelope company.
McDonald's Corp reported a higher-than-expected quarterly profit on Friday as its low-price focus helped drive strong sales in Europe and the United States.