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Hardware shortages are expected to continue through 2008, but that hasn’t stopped Nintendo from revising its sales objectives. President Satoru Iwata used a press conference in Osaka to announce that he aims to achieve combined Wii and DS sales of 300 million units annually “in the mid-term.”

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The father of PlayStation, Ken Kutaragi, has announced his retirement. He will step down in June, to become the ‘honorary chairman’ of the games division he helped create. He will be replaced by Kazou Hirai, who will be charged with rekindling interest in the PlayStation 3. The move follows demotion earlier this year, after growing [...]

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LCD makers worldwide are under pressure, but Sharp’s profits still jumped 15 per cent in the last year, thanks in part to soaring LCD TV sales (up 49 per cent). The Corporation’s focus on the refrigerator market also looks like it’s paid off, with sales up 17 per cent. In its year-end financials, the Japanese [...]

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AV retailers will groan at a prediction from market research firm iSuppli Corp that the consumer electronics market will slow down significantly over the next five years. It says that there are clear signs that the all-important OEM factory market is beginning to experience a significant slowdown in growth. However, it’s not all bad news. [...]

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It may be a pointless product in the UK, but the Apple TV media streamer has some powerful friends in the US. Mass-market retailer Target now says it will distribute the unit across the US, joining CE retail goliath Best Buy. While Apple isn’t talking up sales for the Apple TV device, chief financial officer [...]

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Global competition in the flatscreen LCD TV market is now so fierce that China’s IT regulator, the Ministry of Information Industry, is considering an injection worth billions of Yuan (thought to be around one billion dollars) to protect its emerging LCD manufacturers. The State’s biggest panel maker Beijing BOE Optoelectronics Technology posted a loss of [...]

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Korean flatpanel giant Samsung is in crisis. Its panel making subsidiary SDI has posted the biggest loss in its 37 year history, with Q1 financials revealing an operating loss of 110 billion Won, compared to an operating profit of 42 billion Won in 2006. The collapse is largely due to a worse than expected performance [...]

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US speaker specialist Boston Acoustics is once again planning on making a name for itself in the UK, after owner D&M Holdings pledged major investment. Heading the new operation is Bob Barnard, who moves across from sister D&M Holdings brand Denon.”Our goal is simple” he says: “to make Boston, with dealer support, a solid commercial [...]

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