Micro-blogging site, tumblr’s recent acquisition by Yahoo has sparked more interest in other start-ups which command such lofty valuations and are under consideration by other technology giants as potential acquisitions. One such player is social traffic and navigation app maker, Waze.
IDC’s recently released PC shipment report has shown very disappointing results. During the first quarter of this year, worldwide PC shipments fell 14% to 76.3 million units. The researcher had been projecting a decline of 7.7% over the year. This was the worst decline in any quarter that IDC has ever reported. The decline was fueled by the lackluster performance of Windows 8 and the continued infringement of mobile devices into PC territory.
Since Marissa Mayer’s appointment as the CEO of Yahoo, the market has been waiting for big news from the company. And it seems that Yahoo has delivered. The company has been building its capabilities through talent acquisitions. But yesterday they made big news by announcing the $1.1 billion acquisition of microblogging platform, Tumblr.
NPD’s latest report on U.S. retail sales of video games saw sales of gaming hardware, software, and accessories fall 25% to $495.2 in April this year. The decline was attributed to the growing importance of digital titles on mobile devices and the market’s willingness to wait for new gaming consoles. Gamers are waiting for the upgraded PlayStation 4 and Xbox 720 to hit the markets and have delayed game purchases till then. Overall gaming hardware sales fell 42% over the year to $109.5 million. Software sales fell 17% to $254.3 million.
According to a report released last month by the Alliance for Audited Media (AAM), The Wall Street Journal retained its position as the leading newspaper in the country with circulation growing 12% over the year to 2.38 million for the six months ended March 2013. The New York Times became the second largest newspaper in the country, with circulation growing 18% to 1.87 million during the same period. Overall, newspaper readership in the country fell 0.7% over the year. But online readership continued to increase, with the number of people reading news online increasing to 19% of total subscribers compared with 14% a year ago.
The latest Gartner Worldwide IT Spending Forecast projects worldwide IT spending to grow 4.1% over the year to $3.8 trillion during the current year. These projections are a marginal improvement over the projections a quarter ago, when Gartner estimated IT spending to grow to $3.7 trillion this year. IT spending is projected to grow another 4% next year to $3.9 trillion.
According to an eMarketer report, total travel sales worldwide are projected to grow from $962 billion last year to $1,131 billion by 2016. Online travel sales will account for $523 billion by the year 2016, growing from $374 billion last year. Online travel sales in the U.S. are expected to grow to $182 billion in 2016 from $151 billion last year. The European market is projected to grow from $141 billion to $176 billion over this period. Asia Pacific and Latin America see strong growth as sales more than double over the period to $131 billion and $34 billion, respectively. No wonder most online travel stocks are focusing on international expansion.
According to a report by Transparency Market Research, Gaming Market – Global Industry Analysis, Size, Growth, Share and Forecast 2011-2015, the global gaming market was pegged at $70.5 billion in 2011 and is projected to grow 14% annually through 2015 to $117.9 billion. Growth is projected to be driven by the Asia Pacific markets and the increasing penetration of smartphone-like mobile devices worldwide. Another report estimates that by 2015, Asia and Europe would account for 87% of revenues for online and mobile games by 2015, with China accounting for 32% of the market.