Sony PlayStation 4 review: Welcome to the next generation

By Sean Hollister, Ross Miller, and David Pierce

Seven years is a technological eternity. Yet the PlayStation 3 has sold well for that long, ever since DJ Fatman Scoop and Ludacris hosted its blowout launch event in New York City in 2006. At launch, the PlayStation 3 was big, heavy, and expensive — it took nearly two revisions and almost a dozen SKUs of PS3 to get Sony to 2013. The console now starts under $200, the controller rumbles, Blu-ray is the dominant physical disc format, backwards compatibility is a moot point, and there’s a large back catalog of titles both physical and digital. PlayStation Move exists now.

But even as the current generation continues to adapt and evolve, Sony has decided it’s time to start anew. Time to do something fresh, to create the console that will sate gamers for seven more years. Sony’s new PlayStation 4 reflects the company’s guess about the future of video games, and displays the many lessons Sony’s learned over the life of the PS3. It’s built a different kind of console for a different sort of purpose as it looks to 2014 and 2021 to see what we’ll want to buy.

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Snapchat’s Teen Appeal Is Also Its Achilles Heel

By Robert Hof

You can argue until you’re blue in the face whether or not Snapchat is worth the $3 billion Facebook FB +4.52% apparently offered to buy it. But there’s little argument over why Facebook CEO Mark Zuckerberg was willing to pay that much for the disappearing-photo-sharing service: It’s attracting the teens that Facebook is losing.

At least, that’s the conventional wisdom. But here’s the problem: If there’s anything more ephemeral than Snapchat snaps, it’s teen attention spans. Today, Snapchat looks unbeatable, at least for what still seems like a rather narrow slice of social activity. But there’s no reason to think that teens will stick with most any app or service for long–all the less so when it seems that there’s a new hot social networking app every month or so these days.

So I’m betting Zuckerberg is a little smarter than that. What he really wants more than just a surge of new teen blood–as he also showed with his $1 billion purchase of Instagram–is to make sure that Facebook owns the most popular and compelling kinds of social networking as they develop. Snapchat clearly appeals to those who want to exchange bits of themselves in a more ephemeral way than they do on Facebook.

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Blockbuster closing all its U.S. stores

The video-rental company, now owned by Dish Network, is closing its last 300 stores by early January.

By Nick Turner

Blockbuster, the video-rental company now owned by Dish Network, will close its remaining 300 U.S. stores, ending an era for a retail chain that was once a hallmark of shopping centers nationwide.

Blockbuster will shut the outlets by early January and discontinue its DVD-by-mail service by the middle of next month, Englewood, Colo.-based Dish said Wednesday in a statement. The company will keep the licensing rights to the Blockbuster brand and use it with Dish services. It also has a video-streaming product called Blockbuster On Demand.

While the chain had more than 20 stores in Jacksonville less than three years ago, it’s now down to two: one at Atlantic and Hodges boulevards and another on Old St. Augustine Road in Mandarin.

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Microsoft Phone: Nokia Purchase May Save Phone

By Lacy Langley

Steve Ballmer is resigning as CEO of Microsoft. He readily admits his company reacted too slowly to developments in the mobile and smartphone markets. He also stated that Microsoft phone sales were disappointing. He was addressing a group of Wall Street investors and analysts, and told them that, with hindsight, he realized that the company had placed too much emphasis on its operating system and missed out on mobile phone opportunities.

Microsoft phone

Ballmer said, “I regret that there was a period in the early 2000s when we were so focused on what we had to do around Windows that we weren’t able to redeploy talent to the new device called the phone… That is the thing I regret the most. It would have been better for Windows and our success in other foreign factors.”

However, Inquisitr reports that trying to view the situation from a “glass half full” stance, Mr. Ballmer said that for Microsoft mobile the only way to go is up and went on to say that the company has significant opportunities in the market now, due to its recent acquisition of the mobile phone unit of Nokia. He thinks this will allow Microsoft to speed up development on its Windows Phone platform.

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Samsung Galaxy Gear Smartwatch Features Camera, Voice Function

By Joshua Sophy

Small Business owners and entrepreneurs on the go already look for mobile devices to make their lives easier.

But in addition to smartphones and tablets, there’s a new gadget in town: the smartwatch. The watch allows users to check updates “hands free” without even touching your phone. Samsung has introduced its version of the smartwatch, called the Galaxy Gear.
Galaxy Gear Introduced as Companion to Note 3

The Samsung Galaxy Gear smartwatch introduced last week at an unboxing event in Berlin is the next step for these devices.

The new smartwatch was unveiled along with Samsung’s Galaxy Note 3, a next generation of the company’s so-called “phablet” device (larger than a standard phone, with features like a tablet).

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Apple Could Put the Final Nail in Nintendo’s Coffin

By Sam Mattera

The last six years have been terrible for Nintendo’s (NASDAQOTH: NTDOY ) shareholders. After peaking in 2007 with a market cap near $85 billion, Nintendo has steadily collapsed and has now lost over 76% of its value over the last five years.

Unfortunately, this could be the beginning of the end for the once iconic video game company. Apple’s (NASDAQ: AAPL ) coming entrance into the video game market, a fairly likely possibility, could signal the end of Nintendo.

Nintendo’s business model is becoming obsolete
Ironically enough, Apple and Nintendo have similar business philosophies. Both believe in marrying hardware with software, and maintaining strong control over their devices. Consumers buy Apple devices to get access to their operating systems (iOS, Mac OS); likewise, gamers buy Nintendo’s consoles to play Nintendo’s games.

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Yahoo unveils new logo

Yahoo unveils new logo for first time since founding 18 years ago

SUNNYVALE, Calif. (AP) — Yahoo has adopted a new logo for the first time since shortly after the Internet company’s founding 18 years ago.

The redesigned look unveiled late Wednesday is part of a makeover that Yahoo Inc. has been undergoing since the Sunnyvale, Calif., company hired Google executive Marissa Mayer to become Yahoo’s CEO 14 months ago.

Mayer has already spruced up Yahoo’s front page, email and Flickr photo-sharing service, as well as engineered a series of acquisitions aimed at attracting more traffic on mobile devices.

The shopping spree has been highlighted by Yahoo’s $1.1 billion purchase of Tumblr, an Internet blogging service where the company rolled out its new logo.

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Microsoft to acquire Nokia’s handset business for $7.2 bln

HELSINKI: Microsoft Corp on Tuesday said it would buy Nokia’s mobile phone business for 5.44 billion euros ($7.2 billion), and the Finnish firm said its CEO, Stephen Elop, would join Microsoft when the transaction closed.

Finland’s Nokia, once the undisputed leader in mobile phones, has been struggling to respond to the challenge from smartphone makers such as Apple and Samsung .

Analysts say Elop’s bold bet in 2011 to adopt Microsoft’s untested Windows Phone software has yet to pay off.

The deal is expected to close in the first quarter of 2014 and is subject to approval by Nokia’s shareholders and regulatory approvals. Nokia partnered in 2011 with Microsoft and uses Microsoft’s Windows software to run its mobile phones.

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Batfleck Wants to Save the Day — And Detroit

By Emily Coyle

Batfleck is brushing Detroit’s bankruptcy blues aside and is here to save the day. That’s right, Superman and Batman are officially heading to Motor City to shoot the sequel of Warner Bros’s (NYSE:TWX) blockbuster Man of Steel, and the good news is it only took a $35-million state incentive to get them there.

According to USA Today, the Michigan Film Office announced the news Thursday and told the largest city in Michigan to expect Batman and Superman on its grounds sometime in the first three months of 2014. The original Man of Steel hit U.S. theaters on June 14 of this year, and was a blockbuster success not only domestically, but also in theaters overseas with a worldwide opening of $196.7 million.

That means good things for debt-ridden Detroit, which will benefit from the $131 million worth of in-state expenditures that the film will require, as well as its widespread popularity and far-reaching audience. Officially announcing its bankruptcy earlier in the summer, the metro area needs all the help it can get to rebuild — help to regain consumer and investor trust, and make Detroit a more appealing place to live once again.

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Filmmaker Lucas Purchases $10 Million in Starbucks Shares

By Miles Weiss

George Lucas, the “Star Wars” creator who reaped $4 billion selling his company to Walt Disney Co. last year, invested a fraction of his fortune in Starbucks Corp. (SBUX), the world’s largest chain of coffee shops.

A trust controlled by Lucas bought almost $10 million of Starbucks shares, according to a filing yesterday by Mellody Hobson, the billionaire’s wife and a member of the Starbucks board. The couple married in June at Lucas’s Skywalker ranch in Marin County, California, and announced the birth of their daughter, Everest Hobson Lucas, this month.

Lucas, 69, in December sold Lucasfilm Ltd., whose movie franchises include “Indiana Jones” as well as “Star Wars,” to Disney for about $4 billion of cash and stock. The next month, he announced his engagement to Hobson, the president of Ariel Investments LLC, a Chicago-based money-management firm with $6.3 billion in assets as of June 30.

Hobson, 44, didn’t immediately return a telephone call seeking comment. Connie Wethington, a Lucas representative, said in an e-mail that “no comments or statements will be issued with regard to stock inquiries.”

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