TECHNOLOGY

Sony is launching Vita in Japan on Saturday, hoping the company's first new handheld video game system in seven years will get the company's game business going again now that many consumers have turned to Apple's iPhone, the world's bestselling smartphone, for entertainment.

European consumers show little interest in Nokia's first smartphone using Microsoft's Windows Phone software, a survey by Exane BNP Paribas showed on Friday.

The A5 processor used in Apple’s iPhone 4S and iPad 2 is reportedly manufactured by rival Korean electronics giant Samsung from its factory in Austin.

Research In Motion posted a sharp drop in profit on Thursday, offered a dismal outlook for BlackBerry shipments around Christmas and delayed the likely arrival of a make-or-break overhaul of its smartphones, sending its shares tumbling.

China's top online video firm, Youku.com, said on Friday it has initiated legal proceedings against rival Tudou Holdings for allegedly infringing on the copyright of its videos.

There is more good news for those awaiting an untethered jailbreak with Pod2g announcing in his blog that it is tested on iPhone3GS successfully.

Finnish gaming firm Rovio, creator of Angry Birds, the world's most popular computer game, is planning an initial public offering on the Hong Kong stock exchange in 2013, Finnish weekly Tekniikka&Talous reported on Friday.

- - The surprise resignation of Cablevision System Corp's top cable executive Tom Rutledge sparked Wall Street and investor speculation on Thursday that the Dolan family controlled company could become an acquisition target.

Software maker Adobe Systems Inc, the maker of Photoshop and Acrobat software, released quarterly results that beat Wall Street projections, sending its shares up 3 percent.

Shares of Olympus tumbled as much as 11.4 percent on Friday as the company prepares to meet its creditors later in the day.

Research In Motion posted a 27 percent drop in quarterly profit on Thursday and said it would likely ship between 11 million and 12 million BlackBerry smartphones in the weeks around Christmas, the first decline in years for that historically strong period.

U.S. stocks rose on Thursday, as signs of strength in the economy and higher-than-expected profit at FedEx outweighed more warnings about Europe.

As for features, don't count on the iPad 3 to be transparent and rimless. That was just just a rumor -- albeit an entertaining one -- spawned by a concept video circulating (see below) that someone reportedly named Dakota Adney put together. The real innovation is just that -- the creative video.

U.S. soldiers facing emotional problems and contemplating suicide may soon be able to use a smart phone application to connect them to help.

The 10th anniversary addition of Grand Theft Auto three has launched on the iPad and iPhone with improved graphics, tough-based controls, autosave and mission retry.

We generate substantially all of our revenue and players through the Facebook platform and expect to continue to do so for the foreseeable future, Zynga wrote in its IPO prospectus.

Verizon Wireless began selling the much-awaited Samsung Galaxy Nexus for $299.99 on its network from Thursday, triggering an interesting competition within the Samsung devices.

An investor at Research In Motion has asked two directors at the struggling Canadian smartphone maker to push for a change in the company's governance.

France's telecoms regulator has received bids from all of the country's major operators for a second batch of higher-quality fourth-generation mobile licenses and will choose winners in the coming weeks.

Sony Corp, set to report a $1 billion loss this year, is banking on a big slate of new software to drive sales of its new PlayStation Vita handheld games device, even as Fitch downgraded the Japanese electronics giant to a notch above junk.

Apple will open a research and development centre in Israel that will focus on semiconductors, the Globes business daily reported on Thursday.

The hacker is refraining himself from releasing an unfinished or beta version for testing as he doesn't want any leak to spoil his hard work.

So how is it like to be in the White House? There is no Facebook! Well... at least for U.S. President Barack Obama's daughters - Sasha and Malia.

2011 has been a great year for jailbreaking with some exceptional tweaks or apps being released. Three of which are highly appreciated are as listed below

Lam Research Corp , a supplier of wafer fabrication equipment, agreed to buy smaller rival Novellus Systems Inc for $3.3 billion in stock as it looks to gain cutting-edge technology and become more efficient.

After much speculation, the Samsung Galaxy Nexus, the first device in the U.S. to run Android 4.0 Ice Cream Sandwich, will land on Verizon Wireless Thursday, December 15.

Shares of Olympus tumbled as much as 19.6 percent on Thursday, a day after the company restated financial accounts after a 13-year fraud, with a dent in its balance sheet triggering speculation it will need to raise capital to repair its finances.

We generate substantially all of our revenue and players through the Facebook platform and expect to continue to do so for the foreseeable future, Zynga wrote in its IPO prospectus.

New York University on Wednesday announced plans to offer an MFA program in game design, and a top game designer told the International Business Times that the new program should have a positive impact on the industry as well as the quality of games sold to the public.