Boston, MA 02/06/2014 (wallstreetpr) – Recent rumors that Amazon.com, Inc. (NASDAQ:AMZN) was planning to enter the gaming niche through its gaming console seem to have been cemented through to the acquisition video gaming studio Double helix games. The deal has been confirmed by Amazon although financial matters seem not to have been discussed. The deal will mainly include the acquisition of talent and IP according to Amazon. The deal will see all the employees of Double Helix Games joining Amazon but will continue to occupy their capacity in their orange county home. To confirm the deal Amazon released the following statement “Amazon has acquired Double helix as part of our ongoing commitment to build innovative games for customers”
Amazon Future plans
It is being rumored that Amazon.com, Inc. (NASDAQ:AMZN) has been planning for the longest time to launch its own Android-powered dedicated games and entertainment device that will be priced below the $300 mark. The gaming industry has been on the upward trend in the recent past with major electronic companies venturing into it in the view of boosting their revenues. Amazon intends to produce a gaming console that will have the capability of competing with the heavyweights of the industry such as Sony and Nintendo.
The deal to sign Double helix Games has been viewed as the right move considering Double Helix Games comes with 20 years of experience in the gaming industry. Double helix has a descent track record of which if Amazon uses the right strategies is sure to reap good rewards on equity.
Apple removes Bitcoin wallet from its App store
Without providing any substantial reason Apple Inc. (NASADAQ:AAPL) has removed the popular Bitcoin wallet from its popular mobile app market place. The app has been used extensively by users who wish to receive world most popular currency. The only people who will have a chance of continuous usage of the app are Blockchain users but will no longer receive any updates from Apple, the app before its removal had a user base of 120,000 people. Apple has vehemently refused to comment on the matter according to Blockchain CEO Nicolas Cary
Apple Inc. (NASADAQ:AAPL) has in the recent past been yanking Blockcahain apps with the recent one being BitPak which was removed followed by coinbase; the latter had survived less than a month in the App store. The only reason that is being thought to be behind the massive yanking is the somewhat confusing international regulations surrounding Bitcoin. Bitcoin has not received any reprisal from Android.
