Squeezed by recession, video game sales see biggest drop since 2000July 17th, 2009 June video game sales drop sharplyNEW YORK — Squeezed by the economic downturn, U.S. retail sales of video games dropped sharply in June, the largest year-over-year decline the industry has seen in nearly nine years.
US video game retail sales tumble 29 percent in July, market researcher NPD Group saysAugust 14th, 2009 July video game sales show sharp declineNEW YORK — Hurt by the recession and few hit game launches, U.S. retail sales of video games dropped sharply in July, showing an even bigger decline than what many analysts were expecting.
Sony cuts price of PlayStation 3 by $100 to boost holiday sales; slim version plannedAugust 18th, 2009 PS3 price cut by $100; slimmer model to comeNEW YORK — After months of rumors and anticipation, Sony Corp. is slashing the price of the PlayStation 3 by $100 in hopes of boosting sales of the console ahead of the important holiday season.
US video game sales slide 23 percent in May, marking third straight month of declinesJune 12th, 2009 US video game sales slide 23 pct in MayLOS ANGELES — U.S. video gamers spent less on games, hardware and accessories in May compared with a year ago, a sign that this year's release schedule couldn't compete with Take Two Interactive's "Grand Theft Auto IV" last spring.
Summary Box: Intel raises 3rd-quarter sales outlook, citing improved demandAugust 28th, 2009 Summary Box: Intel raises sales forecastCHIPS UP: Intel Corp. raised its third-quarter revenue forecast.
Video game makers gather in Tokyo to gear up for holiday pushSeptember 24th, 2009 Tokyo Game Show kicks off with turnaround hopesTOKYO — The Tokyo Game Show, billed as the world's largest computer entertainment fest, kicked off Thursday with hopes that depressed sales of game consoles will enjoy a holiday resurrection. Hurt by the global recession and few blockbuster releases, the video game industry has been in a slump for much of the year.
3 Reasons Why Video Game Industry Will Turn Around This SummerMay 19th, 2009 Come summer, the movies blockbusters and music tours would peak the entertainment carts. The video game industry might loose its charm in summer. At least this is what Wedbush Morgan Securities analyst Michael Pachter apprehends.
Microsoft executive says retail stores 'right next door to Apple' planned for fallJuly 16th, 2009 Microsoft plans stores 'right next door to Apple'SEATTLE — Microsoft Corp.'s chief operating officer says the software maker is planning to open retail stores "right next door to Apple" in the fall. The executive, Kevin Turner, also says Microsoft is "in the game for the long-term" and has hired a retail team.
'Need for Speed' titles lead pack of upcoming racing video gamesSeptember 18th, 2009 'Need for Speed' titles lead pack of racing gamesLOS ANGELES — The video game racing genre is gearing up for a traffic jam. Nearly a dozen racing games are expected to drive onto store shelves before the end of the year, competing for the attention of gamers at a time when sales have tapped the brakes.
Texas Instruments' 4Q forecast surpasses expectations as chip maker reports 3Q profit declineOctober 19th, 2009 Texas Instruments 3Q profit, sales declineNEW YORK — Texas Instruments' third-quarter profit and sales Monday inched past the improved expectations the chip maker issued last month, and its largest division, which makes analog chips used in digital music players and other gadgets, saw 20 percent growth for the second quarter in a row. The Dallas company also forecast results above Wall Street expectations, and its stock rose more than 2 percent in after-hours trading.
As seaon of big launches begins, video game industry hopes its troubles soon seem so far awayAugust 31st, 2009 Beatles, Stones, Super Mario: big autumn for gamesNEW YORK — With a little help from the Beatles, Super Mario and price cuts from Sony and Microsoft, the slumping video game industry is hoping for a sales resurrection this fall. The season gets a late-summer start Tuesday, with the release of "Guitar Hero 5," a game featuring music from the Rolling Stones, Nirvana and other popular bands.
Google dominates September search rankings, comScore data showsOctober 14th, 2009 Google dominates September search rankingsRESTON, Va. — Google Inc.'s sites continued to account for the vast majority of the U.S.
Sony Confirms Playstation 3 Worldwide Release on November, Details StrategyMarch 22nd, 2006 Sony's president confirmed a November release for the PlayStation 3 and said the company is also committed to a simultaneous worldwide launch of the PS3 in Japan, the rest of Asia, North America, Europe and Australia. SCE President Phil Harrison told an audience at the Game Developers Conference here that Sony will produce about a million PS3s per month and capacity will ramp up quickly.
Stock futures up sharply after solid profit reports from Intel, JPMorgan, retail sales dataOctober 14th, 2009 Stock futures surge on Intel, JPMorgan reportsNEW YORK — U.S. stock futures surged Wednesday after surprisingly strong earnings reports from Intel Corp.
Despite Global Recession Nintendo observes 8.5% ProfitMay 8th, 2009 Nintendo's annual profit rises 8.5 percent
TOKYO — Nintendo's annual profit rose 8.5 percent, propelled by its hit Wii and DS game machines, but a forecast for lower sales shows even the resilient video game maker isn't totally immune to the global slump. Still, Nintendo is faring much better than other big name Japanese manufacturers like Toyota Motor Corp.
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