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‘This American Life’ issues retraction episode over FoxConn report

This American Life is airing a new episode today titled “Retraction.” The title and show are a direct response to January 6th edition of the popular public radio program titled “Mr. Daisey and the Apple Factory,” an adaptation of a one-man show that helped put Cupertino’s involvement with Foxconn back in the public spotlight. “Regrettably,” the show writes in the description of this week’s episode, “we have discovered that one of our most popular episodes was partially fabricated.” The hour-long show has been dedicated to clearing up some of the misconceptions, including an interview with Mike Daisey to discover “why he misled This American Life during the fact-checking process.” For his part, Daisey responded on his personal blog, explaining, “What I do is not journalism.” Daisey adds,

My show is a theatrical piece whose goal is to create a human connection between our gorgeous devices and the brutal circumstances from which they emerge. It uses a combination of fact, memoir, and dramatic license to tell its story, and I believe it does so with integrity.

An MP3 download of the episode will be made available on Sunday.

‘This American Life’ issues retraction episode over FoxConn report originally appeared on Engadget on Fri, 16 Mar 2012 13:59:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceThis American Life, Mike Daisey  | Email this | Comments

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The First Annual Report That’s Powered By The Sun. Read more…



The First Annual Report That’s Powered By The Sun. Read more about the story here.

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Canon announces middling Q4 2011 earnings report, president steps down

In the wake of a relatively strong Q3, Canon today unveiled a slightly less rosy earnings report for the fourth quarter of 2011. Net sales for the quarter reached ¥964.8 billion (about $12.6 billion), up from the ¥916 billion the company reported last quarter, but down about 9.7 percent from Q4 2010. Quarterly operating profit, meanwhile, rose 14.2 percent on the year, to ¥94.6 billion ($1.2 billion). Profit for the full fiscal year, however, declined by 2.4 percent to ¥378.1 billion (approximately $4.9 billion), compared with the ¥387.6 billion ($5.1 billion) Canon raked in for all of 2010. Net income, on the other hand, rose by nearly 14 percent over Q4 2010 (¥61.4 billion from ¥54 billion), but only 0.8 percent over the full fiscal year (¥248.6 billion in FY 2011, ¥246.6 billion in FY 2010).

Looking forward to 2012, the cameramaker expects net income to increase to ¥250 billion, which would mark the second straight year of less than one percent growth. This forecast is lower than what many analysts expected, though Canon based its projections on assumptions that the yen will continue to rise against both the dollar and the euro, making Japanese exports more expensive in Western markets. It was against this backdrop of disappointment that company president and COO Tsuneji Uchida announced his resignation today, effective March 29th. The 70-year-old Uchida will be replaced by 76-year-old chairman Fujio Mitarai, with Uchida slipping into an advisory role. Coming off a year that saw a devastating tsunami in Japan and supply chain disruptions in flood-ravaged Thailand, Canon underscored its cautious outlook for 2012, in a statement: “The future remains increasingly uncertain amid growing concern over a global economic slowdown.” Find Canon’s full report at the source link, below.

Canon announces middling Q4 2011 earnings report, president steps down originally appeared on Engadget on Mon, 30 Jan 2012 05:02:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceCanon, Bloomberg  | Email this | Comments

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Nielsen’s 2011 media usage report: conventional TV still rules, but online viewing is skyrocketing

2011′s come and gone, but Nielsen’s media report on the year remains. The latest figures from the year that was have been published, and conventional television is still riding a wave of popularity. We’re told that 290 million Statesiders are still ogling at least one television, with around one in three American homes (35.9 million for the mathematicians) owning four or more of the things. Across the wire, some 211 million Americans are online, with a staggering 116 million aged 13 and up accessing the mobile web. Other figures include 253 million DVD players owned, 162 million game consoles, 129 million DVRs and 95 million satellite subscribers. There’s also some 111 million people watching timeshifted programming, and Netflix itself has four times the average viewing time per person, per month compared to the boob tube. Concerned about mobile? Android’s US market share (again, according to Nielsen) is pegged at 43 percent, while the iPhone has 28 percent and RIM’s BlackBerry OS claims 18 percent. Hit up the links below for more charts, numbers and things that your grandmother couldn’t possibly care less about.

Nielsen’s 2011 media usage report: conventional TV still rules, but online viewing is skyrocketing originally appeared on Engadget on Sat, 07 Jan 2012 22:46:00 EDT. Please see our terms for use of feeds.

Permalink The Verge  |  sourceNielsen  | Email this | Comments

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Sony posts $350 million loss in Q2 earnings report, forecasts full-year loss

Sony‘s Q2 earnings have just come in and, as you might guess, they’re not particularly glowing. A few days after announcing plans to buy out Ericsson’s stake in Sony Ericsson, the manufacturer posted a quarterly loss of ¥27 billion ($346 million) today, compared with a net income of ¥31.1 billion during the same quarter last year. Last quarter, the firm posted a net loss of ¥15.5 billion, or about $200 million. Sony attributed much of this decline to a stronger yen, lower TV sales and recent flooding in Thailand, which has disrupted its supply chain. On this basis, the company lowered its full year forecast, predicting a net loss of ¥90 billion, compared with a net profit of ¥60 billion that it had previously expected. It appears, then, that Sony’s TV division is primed to post an annual loss for the 8th straight year, which would certainly explain those plans for a forthcoming shakeup. Find the full report at the source link, below.

Sony posts $350 million loss in Q2 earnings report, forecasts full-year loss originally appeared on Engadget on Wed, 02 Nov 2011 04:13:00 EDT. Please see our terms for use of feeds.

Permalink Reuters  |  sourceSony (PDF)  | Email this | Comments

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Nintendo posts first half loss in earnings report, slashes forecast yet again

Nintendo‘s latest earnings report may be one of its most forgettable. The company posted a net loss of ¥70.27 billion ($923 million) this morning, in a report covering the first six months of the fiscal year ending on September 30th. That’s significantly deeper than the ¥2.01 billion loss Nintendo posted during the same period last year, though Nintendo attributed the result, in part, to a strengthened yen and sagging demand for its 3DS console. Revenue, meanwhile, fell by 40.6 percent on the year, to ¥215.74 billion, as the manufacturer reported an operating loss of ¥57.34 billion. Things are looking so bleak, in fact, that Nintendo has decided to slash its financial projections yet again, predicting a net loss of ¥20 billion for the full year (ending in March 2012), compared with the ¥20 billion in profits it projected only in July. And, as Bloomberg notes, if these prognostications hold true, it would mark Nintendo’s first annual loss in a full 30 years. Ouch. Check out the full report for yourself at the source link, below.

Nintendo posts first half loss in earnings report, slashes forecast yet again originally appeared on Engadget on Thu, 27 Oct 2011 04:28:00 EDT. Please see our terms for use of feeds.

Permalink The Wall Street Journal, Bloomberg  |  sourceNintendo (PDF)  | Email this | Comments

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Report: Foxconn’s Brazil factory ready for business, will begin shipping iPads in December

It appears that Apple is about to expand its manufacturing operations to Brazil, where a new Foxconn factory is already in place and ready to churn out iPads, according to a report from national media outlet UOL. Aolizio Mercadante, the country’s minister of science and technology, confirmed the news this week during a hearing held by the Commission of Economic Affairs. “At first many doubted, but it will be the first time that [Apple] will produce iPads outside Chinese territory,” Mercadente said. “We are taking a big step for digital inclusion in the country.” Located in Jundiaí, the new facility was constructed under a joint venture between Foxconn and the Brazilian government, with the former reportedly contributing $12 million to the initiative. Rumors of a South American expansion began circulating earlier this year, with many expecting Foxconn’s Brazil-based operations to get underway during Q1 of 2012, according to DigiTimes. Construction, however, appears to have wrapped up ahead of schedule, with Mercadante claiming that iPad shipments will begin in December. Apple, for its part, has not commented on the report.

Report: Foxconn’s Brazil factory ready for business, will begin shipping iPads in December originally appeared on Engadget on Fri, 16 Sep 2011 06:15:00 EDT. Please see our terms for use of feeds.

Permalink DigiTimes, PC Mag  |  sourceUOL (Portuguese)  | Email this | Comments

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World Bank report finds selling virtual goods in games more profitable than ‘real’ economy

A report commissioned by the World Bank’s infoDev unit has cast fresh light on one of the more fascinating aspects of our brave new interconnected world: the virtual economy. The “third-party gaming services industry” — where wealthy but impatient players have someone else grind away at online games for them in exchange for monetary reward — is one of the focal points of the study, chiefly owing to it having generated revenues in the region of $3 billion in 2009 and now serving as the primary source of income for an estimated 100,000 young folks, primarily in countries like China and Vietnam. What’s encouraging about these findings is that most of the revenue from such transactions ends up in the country where the virtual value is produced, which contrasts starkly with some of the more traditional international markets, such as that for coffee beans, where the study estimates only $5.5 billion of the $70 billion annual market value ever makes it back to the producing country. The research also takes an intriguing look at the emerging phenomenon of microwork, which consists of having unskilled workers doing the web’s version of menial work — checking images, transcribing bits of text, bumping up Facebook Likes (naughty!), etc. — and could also lead to more employment opportunities for people in poorer nations. To get better acquainted with the details, check the links below or click past the break.

Continue reading World Bank report finds selling virtual goods in games more profitable than ‘real’ economy

World Bank report finds selling virtual goods in games more profitable than ‘real’ economy originally appeared on Engadget on Sat, 09 Apr 2011 04:38:00 EDT. Please see our terms for use of feeds.

Permalink BBC  |  sourceinfoDev (PDF), Virtual Economy Research Network  | Email this | Comments

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