Angry Birds lose a few feathers in first revenue drop

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It's hard out there on a pig. Photo: Rovio Entertainment
It's hard out there on a pig. Photo: Rovio Entertainment

It’s tough at the top.

Mobile video game publisher Rovio Entertainment detailed Thursday its first revenue drop since the Finnish company hit it big with the Angry Birds franchise in 2009.

Perhaps the saturation of the market with no less than 11 Angry Birds-themed games since then (and three spin-offs) and way too many toys and animation projects has something to do with the loss of revenue, down 9 percent to $170.6 million in 2014.

Of course, as Rovio’s mobile gaming business did rise a bit (16 percent), making the overall drop in revenue that more incredible, the company seems to be focused on doubling-down on its mobile game offerings.

“2014 results show that steps in the game portfolio, free to play competency building and advertising are going in the right direction. I am confident that with new simplified organisation and clearer vision, we will be back to the path of growth in 2015,” said CEO Pekka Rantala in a statement.

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Apple’s massive cash hoard makes it richer than 141 countries

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All hail the Apple Empire.

It’s hard to truly understand Apple’s astronomical size until you put things into context. With $178 billion in cash as of last quarter, you can start easily comparing the company to the gross domestic product (GDP) of large countries.

In fact, Apple would be the world’s 55th richest country right now, according to the latest data from World Bank.

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Apple shares hit new all-time high for third day in a row

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Photo: Buster Hein
Photo: Buster Hein

Buoyed by expectation-defying earnings, Apple Pay, and an apparently insatiable demand for the iPhone 6, AAPL stock closed Wednesday at a new all-time split-adjusted high of $107.3.

Apple was trading at $92 at the time of the 7-to-1 split, which means that its current value is up by more than 10% since the division earlier this year. According to Google Finance, Apple ended the day with a market cap of $626 billion, and $629.67 billion as per Yahoo Finance.

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Apple’s $425 million spike in R&D spending points to new products in pipeline

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Apple is heading toward a $1 trillion market cap. Photo: Pierre Marcel/Flickr CC
Apple is heading toward a $1 trillion market cap. Photo: Pierre Marcel/Flickr CC

Eddy Cue thinks 2014 will be the best product pipeline Apple’s had in 25 years, and according to the company’s latest filings with the Securities and Exchange Commission, Cupertino is certainly pouring enough money into R&D to back him up.

Apple increased spending in research and development 36 percent year-over-year in Q3, with an extra $425 million being funneled into R&D in the last quarter alone.

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Fulki’s Handmade iPhone 5s Pocket: As Robust As It Is Beautiful [Review]

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Fulki-Pocket-iPhone

If you’re shopping for a new iPhone wallet case, you’ll be hard pushed to find one as suave and as strongly-built as the Fulki Pocket for iPhone 5 and 5s. Handmade from thick, belt-grade Italian leather, it’s the kind of case that’ll still be looking good and going strong long after the iPhone you slip into it has died out.

Pocket by Fulki
Category: Cases
Works With: iPhone 5 & 5s
Price: €85

The Fulki Pocket is designed to provide your iPhone with protection from scratches, scrapes, and bumps at almost every angle. It also has a small pocket that’ll carry your credit card or some cash, and the v-shaped cutout in its top edge will allow you to grip your iPhone with your thumb and forefinger when you’re pulling it out of the case.

The Fulki Pocket is available in tan, coffee, and cognac colors, and it’s priced at €85 ($116). It’s pretty pricey, but it’s worth it.

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Apple’s Fourth Quarter Financials At A Glance [Charts]

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bythenumbers

As you may have seen in our previous post on Apple’s fourth quarter (Q4) financial report, the Cupertino company has beat out Wall Street expectations this quarter, showing off a revenue of $37.5 billion with a hefty 7.5 billion profit to go along with it.

To help you make sense of Apple’s business this quarter, as well as some general trends of the last five years, we’ve taken it upon ourselves to put together some charts in an easy-to-read format to show you how the numbers break down, from revenue and profit margins to how many devices Apple is selling, to how much money it’s making from those sales.

Let’s take a look at some of the numbers in visual form, and see what we can take from it.

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Google’s Enterprise Value Surpasses Apple’s For The First Time

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Apple’s share price has steadily been falling for some time now, and earlier this week it dipped below $400 a share for the second time this year. Meanwhile, Google’s has been on the rise. As a result, if you take away all the cash the two companies have sat in the bank and just look at their enterprise value, then Google is worth more than Apple for the first time ever.

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Square Cash: Send Cash From Your iPhone Via Email

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I’m strictly a cash-only kind of guy. I like my purchases to be anonymous, I like to deprive the credit-card companies their slice of the transaction, and above all I like the feel of the greasy, germ-laden slips of paper in my fingers. 1

However, I recognize that sometimes you just don’t have any cash. Like when you’re supposed to be splitting the dinner bill and your friend ends up paying yet again because you “don’t want to split this fifty.” Well now your sorry payment-dodging days are coming to an end, my friend. Why? Square Cash.

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