Microsoft sees its profits double as Xbox sales rise

first_img whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap KCS-content Microsoft sees its profits double as Xbox sales rise MICROSOFT reported a higher-than-expected jump in first quarter profits of 51 per cent yesterday, helped by increased sales of its flagship Windows and Office software and the launch of the latest blockbuster Halo video game.The world’s largest software company posted profits of $5.41bn (£3.4bn), or 62 cents per share, in the three months to 30 September, up from $3.6bn, or 40 cents per share, during the same period a year earlier. Revenue soared 25 per cent to $16.2bn – a company record for the first quarter.Microsoft said it continued to see a “healthy and sustaining business PC refresh cycle,” while adding Xbox 360 console sales grew 38 per cent and noting Bing.com continued to build market share. Chief financial officer Peter Klein said the company had not seen any adverse effect on sales of computers running Windows due to Apple’s popular iPad tablet device.Shares rose 2.8 per cent in after-hours trading. Share center_img Show Comments ▼ whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Tags: NULL Thursday 28 October 2010 8:19 pmlast_img read more

Sky CEO renews calls for industry to limit online ads

first_img Subscribe to the iGaming newsletter 13th December 2018 | By contenteditor Sky CEO renews calls for industry to limit online ads Marketing & affiliates Stephen van Rooyen calls for restrictions on gambling advertising across all channels to be implemented AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Marketing & affiliates Stephen van Rooyen, chief executive of broadcaster Sky for the UK and Ireland, has used confirmation of the betting industry’s voluntary restrictions on TV advertising to again call for action to limit the sector’s online marketing.With the so-called ‘whistle-to-whistle’ ban on betting ads around live sport to be implemented in mid-2019, van Rooyen (pictured) has called for a “proportionate and responsible” limit to industry advertising against all channels to be brought in.“Yet again, the gambling industry are ignoring the fact they spend five times more on online marketing than they do on TV,” van Rooyen said. “By cutting TV ads, they’ll simply spend more online, bombarding people’s smartphones, tablets and social media feeds with even more gambling ads.”Earlier this week he claimed in an op-ed for The Times newspaper that a shift online would result in fewer safeguards for customers. Van Rooyen argued that there were less regulation governing online advertising, and pointed out that the industry’s investment in advertising via that channel dwarfs TV ad spend.However, UK advertising watchdog the Advertising Standards Authority (ASA) described the CEO’s claims as inaccurate. It noted that the CAP and BCAP Codes govern both channels, and that it has regularly issued guidance regarding age-sensitive online advertising that applies to the iGaming sector.The ban, announced earlier today by the Industry Group for Responsible Gambling (IGRG), will see no betting adverts shown five minutes before the start of a sporting broadcast begins and five minutes after the event ends.It will be supported by the industry committing not to broadcast betting ads around highlights shows, and an end to bookmakers sponsoring sports programmes that are broadcast before the 9pm watershed. The new measures are to be added to the IGRG’s Gambling Industry Code for Socially Responsible Advertising in January, then brought into force six months later.Despite some critics arguing that the ban will have little effect unless operators also agree to end sponsorship and marketing deals with sports teams in addition to the advertising controls, it has been warmly welcomed in other quarters.“For many people gambling is not a harmful activity, but for some it can become a serious problem,” GamCare chief executive Anna Hemmings said. “Many of our service users have told us that the volume of gambling advertisements on television and elsewhere is not helpful to them in maintaining their recovery, so the news that gambling advertising during live sporting events will be reduced is welcome.“We would also welcome more research and discussion around the potential impacts gambling advertising can have on vulnerable people so that safeguards can continue to develop and protect people from future harms.”Labour Party deputy leader Tom Watson, meanwhile, hailed the move, but said it would have to be followed by action tackling online advertising.Tom Watson, who has previously called for a complete ban on partnerships between betting operators and sports teams, described the move as an important first step in recognising that the proliferation of gambling ads had “got completely out of hand”.“It was imperative for the industry to accept there is a problem and they have done that today,” Watson said. “The next step will have to be addressing the gambling adverts that children and vulnerable problem gamblers see online.”With news of the ban leaking last week, leading UK operators’ share prices have not been affected by its confirmation. Shares in William Hill are currently trading up 1.21% at 159.15 pence per share, while GVC Holdings, which owns the Ladbrokes and Coral brands, are up 0.22% at 671.50 pence per share. Paddy Power Betfair, meanwhile, has seen its shares rise 1.70% to 71.85 pence per share today (December 13).“As I have commented previously, I am concerned about the volume and tone of gambling advertising and its potential impact on a generation of young people who are being exposed in a way that didn’t happen previously,” William Hill chief executive Philip Bowcock told iGamingBusiness.com. “As a company, we are taking positive steps through our Nobody Harmed ambition, and we are actively involved in and deeply supportive of industry efforts to collaborate to respond directly to public concerns on this issue.” Email Addresslast_img read more