BlackBerry 10 delayed as RIM reports $518 million loss

Research In Motion posted a half-billion dollar loss last quarter, and the company will be pushing back the release of its newest BlackBerry handsets to the first quarter of next year. The company released its financial statement for the quarter ended June 2 today, showing the recent operating loss and forecasting continuing difficulties in the quarters to come. The troubled device manufacturer will continue workforce reductions in the near future as it struggles to return to profitability.

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RIM posted $2.8 billion in revenues this quarter, down 33 percent from the $4.2 billion it posted in the quarter previous. The $518 million GAAP net loss this quarter is the largest yet for the company, up from $125 million in the previous quarter. Year-over-year, the most recent figures represent a more than $1 billion reversal from the $695 million profit for the same quarter.

Would you like to know more? via electronista

EA Thinks Cross-Platform Is The Future

EA is spending $250 million on a new development strategy.

EA Chief Operations Officer Peter Moore has admitted that the time has come for the company to embrace cross-platform play. EA is spending $250 million over the next four years so that FIFA players – among many others – can interact with the game via social networks, mobile devices and consoles. Bored while waiting for a train or plane? Fiddle with your avatar’s loadout via your mobile phone. Want to make a strategy change or trade out a forward on your footie team, but you’re at work? The cloud will save any alterations you care to make via Facebook.

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As Moore describes it, this conversion is less the result of mature and thoughtful consideration than it is a realization that the world as EA knows it is crumbling. “We recognized that we are standing on a burning platform,” he told Gamasutra, “it’s an oil rig in the middle of the sea, and it’s exploding. You can stay or you can hold our noses and jump. At least that way, you have a shot.” EA can’t wait for the next console generation. It either moves now, or gets annihilated.

Would you like to know more? via escapistmagazine.

Apple Stores begin accepting food stamps

Apple Stores begin accepting food stamps

Cupertino, CA — Citing a disturbing number of Americans unable to give Apple their money, President Obama took an important step today.

By signing a new bill that classifies iPad as an “essential nutrient,” Obama makes it possible for Apple Stores to accept U.S. food stamps as payment.

Nancy Pelosi (D-CA), co-sponsor of the “No iPad Left Behind Act,” appeared at a joint press conference with Apple CEO Tim Cook this morning.

“Food stamps are meant to provide nourishment,” said Pelosi, “and iPads provide nourishment for the mind.”

At the signing, President Obama spoke of the achievement. “Never again will anyone to have to choose between an iPad and such necessities such as food, clothing and shelter,” he said. “Now it’s a simple choice between an iPad and food.”

Some critics have already complained that turning food stamps into iPads defeats the whole purpose of food stamps.

“Hogwash,” said Pelosi. “Some children may miss a few meals, but net-net everyone will be a lot happier.”

Under Apple’s terms, six months’ worth of food stamps for a family of four may be redeemed for a 16GB Wi-Fi iPad 2 (refurbished).

iPads purchased under the food stamp program will be shipped in special edible boxes made of dehydrated cornstarch and potato flour, designed to help stretch a family’s food budget.

(Via Scoopertino.)