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Personal Finance Tech

$1.5 million yacht attracts crowds

A crowd of curious people lined up Saturday to visit the $1.5 million luxury yacht that sits in the middle of Place Bonaventure.

“We could never afford something like that, but it’s good to dream from time to time!” Said Micheline Paré, a passionate fisherman and boater.

The Cruiser Cantius 45 is the most expensive and impressive boat ever presented at the Boat and Watersports Show held this weekend in Montreal.

Measuring 45 feet long and 14 feet high, the yacht almost did not pass through the garage door leading to the showroom.

“There was an inch between the boat and the top of the door. We can not go bigger than that, “said Alain Roy, General Manager of the Quebec Maritime Association (QMA).

“Like an apartment”

With its two bedrooms, two bathrooms, kitchen, living room and spacious cockpit, the Cruiser Cantius 45 is enough to enthuse water sports enthusiasts. The boat is even equipped with a washer, dryer, electric stove, microwave and a flat screen TV.

“He’s completely autonomous in energy, it’s the first time I see that,” said Roy. There is a generator inside, so it can run on electricity, whether for sound, air conditioning, etc. ”

“It’s just like an apartment: you can live in there,” he continued. With a boat like that, you can go to Florida, navigate the Great Lakes … there are no limits! ”

Despite the staggering price of the yacht, several serious potential buyers have already appeared at the show, according to Alain Roy.

Night in the yacht

A Mercier couple in Montérégie, for their part, had the chance to sleep inside the Cruiser Cantius 45 last night, thanks to a competition organized by the Boat Show. Jean Béchard and his wife were able to visit the exhibition at their own pace, just the two of them.

“I love boats since I was young, so it will be special to spend the night in such a luxurious boat,” Béchard said Saturday.

“Right now, I have a 32-foot, but I hope to be able to get a yacht like this one someday. But it will not be tomorrow morning! “Added the 53-year-old with a laugh. The watercraft celebrates 50 years

Twice as fast as it was created, the watercraft has become, over the decades, a machine at the cutting edge of technology.

“There is almost nothing that has stayed the same over time. Now, everything works electronically, while the first PWCs were mechanical, “says Simon Boucher, Product Specialist at BRP.

On the occasion of the 50th anniversary of the watercraft, the Quebec company BRP is presenting this weekend, at the Boat and Watersports Show, the first jet watercraft ever marketed.

Launched in 1968, the yellow and black Sea-Doo watercraft was equipped with a 18 horsepower engine and was designed to reach a speed of about 45 km / h.

“But by that time, sales had not risen, so Bombardier stopped marketing the watercraft a few years later,” says Boucher.

It was only in 1988, 20 years later, that the “modern” watercraft was born, causing a major craze in the world of water sports.

Today, BRP’s fastest watercraft boast 300 horsepower and can reach 105 km / h. Their V-shaped hull makes them much more ergonomic and their four-stroke engines are quieter and more fuel-efficient.

“And of course, we have integrated technology into vehicles,” says Simon Boucher. You can have a fully waterproof Bluetooth sound system and storage for your cell phone with built-in USB charger. “

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Markets Tech

Yellow Pages Reports Huge Four Quarter Loss

increased its loss to $586.3 million or $22.33 per share in the fourth quarter, compared with a loss of $431.6 million or $16.35 per share last year.

Net losses in the fourth quarter of 2017 and 2016 are mainly attributed to charges of $507 million and $600 million recorded in the fourth quarter of 2017 and 2016, respectively, related to the write-down of intangible assets and goodwill.

Quarterly revenues increased from 202.7 million a year ago to 183.8 million this year.

This 9.4% decline is mainly attributed to lower print revenues in the YP sector. Media revenues and digital solutions totaled $137 million, down 4.3% from the same period last year due to decreases in the YP segment.

Printed revenues decreased 21.6% year-over-year to $46.7 million as a result of a decline in print media customers resulting from the transition of marketing expenses printed to digital marketing.

Total revenue decreased 8.8% year-over-year to $745.9 million for the year ended December 31, 2017, primarily due to lower print revenues .

The net loss was $589.3 million, a diluted loss of $22.32 per share for the year ended December 31, 2017, compared to a net loss of $403.7 million, a diluted loss of 15, $ 23 per share for the corresponding period last year.

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Economy Tech

Ketto closes up shop will continue to operate online

Despite a successful year, Ketto decided to close its shop on Cartier Street in Quebec City to focus on online commerce and distribution.

After 15 years of existence, the store will close its doors on February 18th.

Co-owner Catherine Farfard explains this decision by reducing shop sales, which in 2017 accounted for less than 5% of Ketto’s sales.

“We found that the energy that had to go to the store for performance in the end was no longer worth it,” she says.

In its other business segments, online sales and distribution, the past year has been a very profitable year for the company.

“Online sales are growing steadily, but they are also distributed across Canada. We have more than a thousand points of sale […] This is really where we are going, “says Catherine Farfard.

Ketto also installs kiosks in shopping centers during the holidays and the company has been working for several months on the export of its creations.

It takes a lot of energy and that’s really where we want to put our resources.

Catherine Farfard, co-owner of Ketto

Ketto plans to set up ephemeral shops in some high-traffic areas, notably in Old Quebec during the summer.

Hard time

In December, children’s clothing company Souris Mini also announced the closure of several stores across the province to restructure and focus on online sales.

“I think the storefront has been ripping off for a while. And for this to work, you have to put so much energy to attract the customer to the door, “said the co-owner.

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Tech

Nintendo is smiling again with its new Switch console

Just over a year ago Japanese video game pioneer Nintendo face doubt but with the launch of its Switch console in the tech company is seeing a turnaround.

The parent company of Mario, Zelda and Pokemon has sold over the period from April to December a little more than 12 million of this semi-portable, semi-fixed machine, and now aims for an annual target of 15 million, instead of 14 million expected at the end of October.

Since its beginnings in March 2017, it has attracted a total of 14.8 million users (at the end of December).

After the disappointing sales of its previous console, the Wii U, and the difficulties encountered in the face of competition of games on smartphone, the Kyoto firm finds there a new breath.

“In our first year, we have had some success with video game enthusiasts,” said CEO Tatsumi Kimishima at a news conference, according to reports by Bloomberg. “Starting in the second year, we need to significantly expand our hold and conquer a less enlightened audience,” he warned.

The group hopes to market more than 20 million switches during the 2018/19 financial year alone.

Featured Mario

If Nintendo is to transform the test, it can for the moment be proud of results more than honorable.

In the first nine months of 2017/18, net income increased 31 percent to 135.2 billion yen (approximately $ 1.5 billion), while operating income increased six-fold to 156.5 billion yen.

At the same time, the turnover has almost tripled to 857 billion yen, driven by sales of Switch and associated games: 47.10 million securities for the Switch found takers, for a goal of 53 million by March 2018.

The adventures of the mustachioed plumber still seduce, with Super Mario Odyssey and Mario Kart 8 Deluxe in the spotlight. The game Splatoon 2 also sold well.

Meanwhile, Nintendo saw a 9% decline in sales of its 3DS handhelds, to 5.86 million units between April and December, but he welcomes a sharp increase in online games downloads for its various consoles , and the success of applications developed for smartphones (Super Mario Run, Fire Emblem Heroes or Animal Crossing).

Long reluctant to take the plunge, the group finally decided in 2016 to make a strategic shift towards mobile phones.

Cardboard accessories

Sign of his optimism found, he now hopes to achieve a net profit of 120 billion yen throughout the year (+ 17% over one year), compared to a previous forecast of 85 billion.

Turnover is expected to amount to 1020 billion yen (+ 108.5%), instead of 960 billion yen, and operating profit to 160 billion (+ 445%), instead of 120 billion.

Nintendo, whose roots go back to 1889, comes out of long years of crisis that have seen its revenues divided by four since its best years in 2008/2009, while his big rival Sony was a hit with his console PlayStation 4.

The firm, traditionally targeting a more family-oriented audience, continues to stand out with the Switch that does not compete on technical performance, but on versatility and freedom of play, at home connected to TV, or anywhere in the world. taking with you the small removable screen and the two joysticks.

In the same state of mind, Nintendo will launch in April self-assembling cardboard accessories, Nintendo Labo, an innovation that surprised and delighted investors on the Tokyo Stock Exchange, where the stock jumped 16% since the beginning of the year.

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