GamesIndustry.biz Newsletter - 23rd April 2010

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As the overseas launch of the iPad approaches, and the United States prepares for the arrival of the 3G models of the tablet system - which are likely to bring with them a significant surge in demand, if the pre-order figures being bandied about are realistic - many developers will be casting their minds back to statements made during the gadget's much-hyped launch in January. In particular, some will recall the promise of a "second gold rush" - a new wave of success for app and game developers, comparable to the heady early days of the iPhone and iPod Touch.

The concept of a gold rush brings to mind the unbridled optimism of realising that there are untapped veins of profit waiting for the right people to come along and exploit them - open pastures as yet untouched by the big corporations who dominate other sectors of the market, ready for small, enthusiastic and innovative people to move in and make their mark.

Students of history, however, will point out that real gold rushes also tended to have much darker consequences. Battles between rival prospectors and a wanton disregard for the environment meant that the human and ecological costs of gold rushes could be immense, leaving behind a barren, scorched landscape and dusty, desperate towns filled with those who couldn't afford to escape to greener pastures. There's a good reason why many of the most bleak Westerns are set in the aftermath of a gold rush.

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Today's top stories

Microsoft's entertainment division shows $165m profit for Q3

08:24 - Xbox, PC and Zune sector soars 242% in last 9 months; quarter is record-breaker for company

Sega cuts UK and US jobs

07:49 - 73 positions go as company reorganises to take advantage of new digital markets

Krome Studios confirms more lay-offs

08:46 - Reports suggest as many as 50 staff have been made redundant at Game Room developer

Today's feature

Gold Rush 2.0

Promises of a new wave of profit for iPad developers ignore the destructive downward pressure on iPhone game prices

The rest of today's news

Ex-Infinity Ward talent flock to Respawn Entertainment

08:19 - Former Modern Warfare team join West and Zampella at new studio

Jens Uwe Intat to feature in top investment session

08:55 - 10 GamesIndustry.biz Network members to be given opportunity to attend invite-only event

New Super Mario Bros remains No 1 in Japanese chart

10:35 - No More Heroes enters top 10; PSP leads hardware chart

HMV bags UFC Knockout edition exclusive

09:31 - Limited version of title to include extra goodies on pre-order for same price as standard game

Tory Party unsure when games industry manifesto will appear

17:18 - Party unclear on when the document, promised this week, will be published

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