Feb 26- Sony Corp's electronic unit said on Wednesday it is closing 20 retail stores in the United States and cutting 1,000 jobs, as the TV and game console maker tries to stem losses and regain market share. Sony has a total of 31 retail stores in the U.S.» Read More
Several auctions have popped up on the online marketplace eBay featuring iPhones that included an installed copy of Flappy Bird. USA TODAY reports.
We need comprehensive tax reform, says Ronald Kruszewski, Stifel Financial CEO, discussing the stock markets malaise and solutions for GDP growth.
SAN FRANCISCO, Feb 6- Activision Blizzard Inc reported better-than-expected fourth-quarter income on strong sales of its "Call of Duty" titles during the holidays, helping drive its stock to a five-year high despite a middling first-quarter outlook.
Nintendo's new 10-year strategy includes an unexpected focus on nonwearable health monitors.
CNBC's Jim Cramer explains what Microsoft needs to do now after announcing its long-awaited CEO appointment.
Strauss Zelnick, Chairman & CEO of Take-Two Interactive, breaks down his company's earnings beat and weighs in on industry trends and console wars.
Take-Two Interactive beat expectations in Q3 2014, with $1.9 billion in non-GAAP revenue and earnings per share of $5.88 for the quarter.
What current earnings data is telling us about the overall economy, with Dan Veru, Palisade Capital Management, and David Lutz, Stifel Nicolaus. "A lot of this feels like hedging," says Lutz.
Yum! Brands "is really depressed," says CNBC contributor Stephanie Link. The "Earnings Squad" discuss the action in 3 stocks coming out with earnings, with CNBC's Melissa Lee.
Jan Goetgeluk, Virtuix Omni founder and CEO, shows off the Omni 360 treadmill and explains how it allows gamers to be fully immersed in their virtual environments. Goetgeluk also discuss the potential revolution in the virtual reality space.
TOKYO, Jan 30- Nintendo Co Ltd President Satoru Iwata said on Thursday the company was sticking to its strategy centred on a combined hardware and software platform, which has come under criticism after the flagship Wii U console posted poor sales.
TOKYO, Jan 30- Nintendo Co Ltd President Satoru Iwata said on Thursday the company was sticking to its strategy centred on a combined hardware and software platform, which has come under criticism after the flagship Wii U console posted disappointing sales.
Jan 29- Contract electronics maker Flextronics International Ltd forecast current-quarter revenue largely above Wall Street estimates and said it planned to reduce its workforce and undertake other cost cuts. Shares of Flextronics, which said its third-quarter net profit more than tripled, rose 15 percent in extended trading.
Electronic Arts lowered its 2015 revenue forecast as the arrival of new Xbox and PS4 consoles is resulting in weaker sales.
SAN FRANCISCO, Jan 28- Video game publisher Electronic Arts Inc lowered its 2015 revenue forecast on Tuesday as the arrival of new Xbox and PlayStation 4 consoles is resulting in weaker sales of games for older consoles.
SAN FRANCISCO, Jan 28- Video game publisher Electronic Arts Inc reported higher profit for the third quarter on sales of games for the Xbox One and PlayStation 4 consoles and digital offerings. For the three months ended Dec. 31, the company posted non-GAAP revenue of $1.57 billion compared with $1.18 billion a year ago.
TOKYO, Jan 28- Nintendo Co Ltd, facing a third year of losses, is getting lots of unsolicited advice on how to squeeze more out of its Mario franchise and revive its fortunes after admitting that its Wii U game console has been a flop.
Jan 27- Chinese online game developer Shanda Games Ltd received a buyout offer from its controlling shareholders that values the company at $1.9 billion, highlighting the growing popularity of online gaming in China. Shanda Games shares were up 12 percent at $6.34 in morning trading on Monday. Shanda Games said its board was reviewing the offer.
David Gibson, Senior Analyst and Regional Head of Software & Services at Macquarie Research Japan, says Nintendo is unlikely to scrap its consoles and instead will focus on opening up its own platform for developers.
Nintendo shares slumped on Monday following a huge profit loss warning, but analysts told CNBC the company could be on the verge of a paradigm shift.