Someone on CNN’s iReport.com, a site where users post unfiltered news as “citizen journalists”, posted a story that Apple chief Steve Jobs had suffered a massive heart attack and had been hospitalized.
Right after the post hit Apple’s stock price fell nearly 10%, forcing Apple to respond saying that it was not true and Jobs has not been hospitalized.
The story has since been pulled from iReport and Apple shares are back to almost the same level as before the “news” hit.
With Motorola and Sony Ericsson having some financial trouble as of late, Nokia is looking to stay ahead of the and maybe even get few customers from RIM and Apple with an across the board price cut.
The biggest cuts will be on 5310 and 5610 music phones and the 8GB N8, but most other handsets will be cut by around 10%.
Sony announced today a 47% drop in revenue compared to this same time last year, one of their sharpest drops in some time.
Their entertainment division has been coming on strong thanks to relatively strong PSP, PS3 and Blu-ray sales, but their phone division hasn’t been doing quite so well and that’s where the Sony’s chief is pointing his finger.
When Sony’s XPERIA X1 smartphone launches around September of this year (hopefully) it could help lure some sales back, but for the moment Sony Ericsson sales are pretty flat.
At E3 today Sony announced that it would begin shipping a new PlayStation 3 SKU called the “Core Pack” in September that will feature an 80GB hard drive and sell for $399.
That would make it the same price as the 40GB version is now. No mention of a price cut for the 40GB version so it looks like Sony will most likely just be replacing the 40GB version with this one.
In what I’m sure is a move to help speed adoption of the HD disc format, Warner Bros. has announced that they will be dropping the price of its Blu-ray movies in September with some falling to as low as $11.
That’s not to say that the majority of them will be that cheap, but they should at be dropping at least a little bit.
They have not released a full list of titles and their new price but some of those falling to $11 will be:
- The Shining
- A Clockwork Orange
- The Aviator
- The Road Warrior
- Enter the Dragon
- The Fugitive
Look for more info closer to the time of the price drop.
While the Xbox 360 is about to get a price cut (too much evidence now supporting it, even though Microsoft hasn’t yet made an official announcement), there has been some speculation that Sony will follow suit and announce their very own price cut for the PlayStation 3 console.
Sony CFO Nobuyuki Oneda has responded to the rumor and said that “our strategy is not to sell more quantity for PS3 but to concentrate on profitability…Our plan is not to reduce the price.”
That’s not to say a price cut won’t happen, just that their official position right now is that there will not be a price cut.
According to a leaked Wal-Mart data sheet obtained by Joystiq, a new Sony PlayStation 3 SKU is coming in August to replace the current 40GB model.
Nothing is really known about the possible replacement but it would like include the recently released DualShock 3 controller.
A price drop is also a possibility to help the PS3 against the Xbox 360 which seems likely to receive a price drop as well as an updated Pro model bundled with a 60GB hard drive.
If this is happening I’m sure we’ll hear something about it at E3…
Retailer Kmart seems to have let the cat out of the bag on this one–according to a scan of their sales circular for the week of July 6th that was posted to High-Def Digest, the Xbox 360 will be getting new price of $299 for the Premium system with a 20GB hard drive, down $50 from what you’d pay right now.
No word yet on whether the price of the Elite and Arcade models will also be getting a price drop…maybe this move is to make room for a new SKU with a larger hard drive?
If the price of the Arcade model currently at $279 doesn’t drop too there’s not much reason to keep it in the line up with just a $20 price difference between the Arcade and the Premium (assuming, of course, that this price cut is legit).
The rumored Xbox 360 price drop in Europe is now official.
The price of the Xbox 360 Arcade is now €199.99 / £159.99, the Premium is €269.99 / £199.99, and the Elite is now €369.99 / £259.99.
If you’re keeping score, that makes the Xbox 360 Arcade close to half the price of the 40GB Playstation 3 and roughly €30 less than the Nintendo Wii.
Microsoft has lowered the price of higher end versions of its Vista operating system to try and make it more appealing to consumers.
The move seems to only effect the upgrade versions, and only those sold at retail locations.
In the US market the new pricing is:
Windows Vista Ultimate Upgrade: $219 (down from $299)
Windows Vista Home Premium Upgrade: $129 (down from $159)
Why the change?
Brad Brooks, Windows consumer marketing vice president at Microsoft, says that they have been testing lower prices over the past few months and found that the decreased revenue per item sold was made up for in the quantity of items sold.
[Via CNET News]