TOKYO/SINGAPORE (Reuters) – The phenomenal success of Pokemon GO and the surge in Nintendo Co's market value by $17 billion in just over a week has been seized upon by one of its most vocal investors to press for a change of strategy at the company. Until Pokemon GO, a mobile game, was launched just over a week ago, Nintendo had taken every opportunity to say its main focus was still gaming consoles, and games for smartphones were just a means to lure more people to them. Encouraged by the success of mobile games like “Candy Crush”, he has campaigned for years for the Japanese console maker to develop and sell games for platforms run by Apple and Google .
Mark Karpeles, the former head of defunct bitcoin exchange Mt. Gox, was arrested on Saturday in connection with the disappearance of hundreds of millions of dollars worth of the virtual currency, Japanese media reports said. The French-born Karpeles, 30, is suspected of falsifying data on the outstanding balance of the exchange, at one point the world's largest hub for trading the digital currency, they added. When it filed for bankruptcy in February 2014, Mt. Gox said 750,000 customer bitcoins and another 100,000 belonging to the exchange were stolen due to a software security flaw.
By Leika Kihara and Kaori Kaneko TOKYO (Reuters) – Factory worker Satomi Iwata has new co-workers, a troupe of humanoid automata that are helping to address two of Japan's most pressing concerns – a shortage of labor and a need for growth. The 19 robots, which cost her employer Glory Ltd about 7.4 million yen ($60,000) each, have eye-like sensors and two arms that assemble made-to-order change dispensers alongside their human colleagues in a factory employing 370. Glory is in the vanguard as Japanese firms ramp up spending on robotics and automation, responding at last to premier Shinzo Abe's efforts to stimulate the economy and end two decades of stagnation and deflation.
Japan Display Inc is considering building a plant to supply smartphone screens for Apple Inc and is negotiating with the U.S. company for investment in the project, a person familiar with the situation said on Friday. The Japanese screen maker aims to be the primary supplier of high-tech screens for Apple's wildly popular iPhones, the person told Reuters. Global iPhone sales, notably in China, have surged to make Apple the most profitable company in history. Japan Display wants Apple to shoulder much of the expected 200 billion yen ($1.7 billion) investment in the plant, which aims to be in operation next year, the source said on condition of anonymity as the talks remain confidential.