Nintendo shows off Wii U at E3 2011
Nintendo wrapped up its press conference today at E3 2011 at the Nokia Theater in Los Angeles and announced that its Wii successor will be called Wii U.
Wii U utilizes a new wireless controller with a 6.2-inch touchscreen display and measures about eight inches across right at your fingertips. It has a left and right analog stick, traditional D-pad for up, down, left and right movement, as well as A, B, X and Y buttons, according to USA Today. Left and right shoulder buttons, as well as left and right triggers, are on the device. A built-in gyroscope and accelerometers will let players affect game play by moving the display, even in a 360-degree direction. The controller also has built-in speakers and a microphone.
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"It is a fully functioning controller in terms of all of the buttons and input devices that any type of developer or any type of gamer would want," says Nintendo of America president Reggie Fils-Aime.
The coolest part, though, is that the controller is also a self-contained device that doesn’t need to use a TV as a display to play a game. This can be incredibly useful for multiple household members who want to interrupt video game playing to watch programs on the TV. The console also features 1080 progressive HD video using the same size Wii game discs. Nintendo’s event also showed the controller display being used as a web browser and video chat access – how cool is that?
Nintendo plans to launch the system sometime after April 1, 2012; no price points have been released.
M&A activity key lever for future tech sector growth
Despite the continuing uncertainty of the pandemic, the tech sector has witnessed soaring dealmaking activity over the past year, rocketing in the second half of 2020, with the last quarter of 2020 a record one for M&A activity, and momentum continuing into 2021.
Dealmaking in tech sector soars in past year
And the latest figures bear this out with the number of technology M&A deals totalling US$208.44bn globally in Q1 2021, according to GlobalData. While the US holds top spot both in volume of deals (1034) and total value (US$140.61bn), Europe ranked next with 649 deals (US$44.49bn) with the UK continuing its reign as Europe’s biggest M&A market with 204 deals.
In particular, megadeals – those valued at US$5bn or more – soared in 2020 representing 59% of all global technology sector deal value in 2020, up from 47% in 2019, according to the latest edition of the EY Technology Global Capital Confidence Barometer.
This tech sector trend towards megadeals is backed up by EY’s CCB data, with 16% of tech sector respondents planning to pursue transformative deals valued at US$5bn or more in the near-term.
While technology deal activity “all but stopped at the beginning of 2020 after fluctuating between historic highs and lows, companies pivoted quickly and tech M&A exploded in the second half of the year”, says Barak Ravid, EY Global TMT Leader for Strategy and Transactions.
M&A activity level for tech sector growth
Looking ahead to the future, technology executives are optimistic, with nearly half (47%) expecting profitability to fully rebound this year, according to CCB data, compared to 23% across all sectors, and with more than half (51%) planning to pursue M&A in the next year in order to sustain growth.
According to Ravid, M&A activity is increasingly becoming a key lever for growth as businesses look to recover.
“To position themselves for future revenue growth, tech companies are now adjusting their M&A strategy to focus more on a target’s business resilience, digital technology alignment and to gain market share through consolidation,” says Ravid.
However, with an increasingly competitive deal market and ongoing geopolitical tensions, the majority of tech execs expect to see more competition in the bidding process for assets over the next year, primarily from private capital.