Electronic Arts Delivers on Next Gen Consoles

According to Gartner, the global video game industry is estimated to be worth $93 billion in 2013, growing from $79 billion in 2012. Gartner believes that the industry, which includes video game console hardware and software, online, mobile, and PC games, will grow to $111 billion by 2015. Growth is expected to be driven by

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Groupon Sinks to 52-Week Low Figures

Online daily deals site Groupon (Nasdaq: GRPN) does not seem to be recovering at all. Earlier this week, they announced quarterly results that managed to exceed market projections. But despite their performance, a weak industry outlook and rising company costs sent the stock tumbling to 52-week low figures. According to a report by IBISWorld, the

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Atlassian Software’s Skyrocketing Valuations

According to a recent Gartner report, Worldwide IT spending is projected to grow 3.1% over the year to $3.8 trillion this year. Growth in the market will be driven by the Enterprise Software segment which is projected to increase 6.8% this year to $320 billion.

ServiceNow Focuses on Growth Instead of Profitability

TechNavio’s Global IT Service Management (ITSM) forecasts the ITSM market to grow annually at 7.3% over the four year period 2012-2016. The growth is driven by the increasing adoption of the services by SMEs and due to implementation of policies like bring-your-own-device in most organizations.

Amazon Continues On Without Profits

According to market reports, online retail giant Amazon (Nasdaq: AMZN) accounts for nearly 2% of global retail sales. However, while they may continue to rake in revenues, Amazon is still struggling with turning profitable. Amazon envisions profitability only by the end of the decade. Till then, they are operating on narrow margins while investing in

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Twitter Is Growing Up

eMarketer’s latest report on mobile advertising projects global mobile ad spend to increase 75% this year to $31.45 billion. Mobile advertising is expected to be a $94.9 billion market by the year 2018. Google remains the leader in the segment with a 49% market share. But as social media networks up their mobile advertising efforts,

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Why Did eBay Repatriate $9 Billion Foreign Cash?

Earlier this week, online retailer eBay (Nasdaq: EBAY) announced their quarterly results. Their results exceeded market expectations, but the big surprise was the announcement of repatriating $9 billion in cash and paying $3 billion in taxes on these funds. eBay wants to use these funds to drive further growth.

Facebook Riding High on Mobile

According to eMarketer, social giant Facebook’s worldwide mobile ad share during the current year is projected to rise to 21.7% compared with 17.5% a year ago.  The company is eating into Google’s share as it is projected to slip slowly from 49.3% a year ago to 46.8% this year. Overall, Facebook accounted for 7% share of

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