000

Sony sold 60 million PS4s to date, including 20 million in past year

It’s time to learn how AI can transform your business at the 2017 VB Summit, June 5th – 6th in Berkeley. Meet AI ecosystem leaders who are shaping a new digital economy. Request an Invite – Save 50%!

Sony has sold more than 60 million PlayStation 4 consoles to date, including more than 20 million in the past fiscal year, according to results reported by the Japanese electronics giant today.

And Sony is predicting it will sell another 18 million PS4s in the fiscal year…

Korean mobile commerce company Tmon raises $115 million, now valued at $1.2 billion

Tmon, a mobile ecommerce company based in Korea, has closed a $115 million funding round from new investor Simone Investment Managers, with participation from existing shareholders, including a number of sovereign wealth funds.

The latest tranche of funding elevates Tmon into the much-coveted “unicorn” brigade, with an estimated value of around $1.2 billion.

Founded in 2010 as Ticket Monster, Tmon, as it’s known locally, was acquired by former daily deals darling LivingSocial in 2011, which

These Cities Out-Earn Entire Countries

Article Image

Large cities, not countries are the future centres of world power. They will become islands of good governance in a world in which globalisation has eroded the nation state. That point was argued in #768, which emphasises population size and growth as yardsticks for metropolitan importance across Europe.

An even more crucial measure is economic power, expressed in GDP. By that measure, the ten richest large urban conglomerations in the world are each worth more than entire countries – including some of the world’s biggest economies.

This map compares the 2015 Gross Domestic Product in Purchasing Power Parity, expressed in billions of dollars, of the world’s ten richest metro areas to that of countries with a similar GDP-PPP$.

  • Tokyo, the world’s richest (as well as largest) conglomeration, has a GDP of $1.62 trillion. That is in the same league as South Korea, the world’s 14th-largest economy, with a GDP of $1.75 trillion.
  • In 2015 New York, in second place on the metro rich list, produced almost as much wealth as the entirety of Canada, the second-biggest country in the world – and without the benefit of that country’s considerable natural resources.
  • On the other U.S. coast, Los Angeles came pretty close to duplicating the Gross Domestic Product of another giant country, Australia.
  • Seoul, capital of South Korea and responsible for more than half of its GDP, on its own out-GDPs Malaysia.
  • Greater London generates almost the same economic output as the entire country of the Netherlands.
  • Paris – almost the same GDP as London – easily outperforms South Africa, one of the top three economies of its continent.
  • Shanghai, virtually on a par with Paris, is a mightier economic power than the Philippines.
  • Moscow is a bigger economic hub that the United Arab Emirates.
  • Osaka produces more than a fifth more wealth that Switzerland.
  • And Beijing‘s GDP is more than…