TOKYO— Sony Corp. reported a surprise eightfold jump in quarterly profit Thursday as sales got a perk from a cheap yen and its bottom line was helped by gains from selling buildings and its stake in a video-game maker. Sony's April-June profit soared to 26.8 billion yen from 3.1 billion yen a year earlier.» Read More
Video game publisher Take-Two Interactive reported a 23 percent drop in revenue in its fiscal fourth quarter but beat Wall Street expectations.
Nintendo is apologizing after being criticized for not recognizing same-sex relationships in English editions of a life-simulator video game.
*Nintendo planning lower-priced console for new markets. TOKYO, May 8- Nintendo Co Ltd plans to introduce a new gaming system for emerging markets such as China as early as next year, as the company hunts for fresh opportunities after the flop of its Wii U console.
*Nintendo planning console for lower-income gamers. TOKYO, May 8- Nintendo Co Ltd plans to introduce a new kind of games console and software for emerging markets as early as next year, to capitalise on higher entertainment budgets amidst a growing middle class, its chief executive told Reuters on Thursday.
Federal Reserve chief and upbeat Chinese data improved sentiment, while Nintendo pared early losses after its chief said it will plan to launch a console for emerging markets. Hit by a wider-than-expected loss, Nintendo Co dropped as much as 5.6 percent to 10,070 yen, its lowest since June 2013, before recovering and ending down 0.7 percent at 10,595 yen.
TOKYO, May 8- Nintendo Co Ltd Chief Executive Satoru Iwata said on Thursday he plans to introduce a new kind of games console and software for emerging markets as early as next year, rather than launch existing hardware such as its Wii U or 3 DS.
Discussing what Yahoo is doing to boost its mobile business, with CEO Marissa Mayer. Mayer says today the company has more than 500 employees working on mobile.
NEW YORK, May 7- U.S. stocks mostly rose on Wednesday, bouncing off earlier lows after comments from Federal Reserve Chair Janet Yellen offered no surprises, but the Nasdaq fell for a second straight day, weighed down by declines in Internet-related shares.
*Whole Foods tumbles after earnings, outlook. Stocks such as Amazon.com Inc, down 1.9 percent at $291.50, Facebook Inc, down 2.3 percent at $57.17 and Google Inc, down 1.5 percent at $514.88, all weighed heavily on the Nasdaq, which has shed more than 2 percent over the past two sessions.
*Whole Foods tumbles after earnings, outlook. *Developments in Ukraine helped sentiment, as Russian President Vladimir Putin said Wednesday he was ready to discuss a way out of the crisis with the head of the Organization for Security and Co-operation in Europe.
*Twitter bounces in premarket after Tuesday drop. AIG dragged on financial shares after disappointing earnings and a slide in Twitter hurt other names in the technology and internet space. Twitter shares rebounded in premarket trading Wednesday, adding 1.5 percent to $32.32.
OSAKA, May 7- Japan's Nintendo Co Ltd ended the last business year by booking its third straight loss, but said a series of new video games such as " Mario Kart 8" would revive sales and return it to profit.
CNBC's Josh Lipton provides a preview of Electronic Arts and Activision's earnings expected after today's closing bell.
CNBC's Josh Lipton and Dan Ackerman, CNET senior editor, discuss Activision's $500 million budget to develop its video game franchises.
LOS ANGELES/ SAN FRANCISCO, May 5- Activision Blizzard Inc intends to spend $500 million developing and promoting "Destiny," potentially breaking industry records as it seeks to build the sci-fi role-playing videogame into its next multibillion-dollar franchise.
Brendan Iribe, Oculus VR CEO, discusses the virtual reality vision for Oculus' products following its $2 billion acquisition by Facebook.
So-called midcore mobile games nearly doubled their revenue last year to $3.8 billion. Here's how they are cashing in.
LOS ANGELES/ SAN FRANCISCO, May 2- Comcast Corp may soon allow customers using its cloud-connected X1 cable box system to buy games from Electronic Arts Inc through their televisions, according to five sources briefed on the plans.
April 30- Contract electronics manufacturer Flextronics International Ltd reported better-than-expected fourth-quarter revenue and adjusted profit on Wednesday, helped by higher demand from its game console and smartphone customers. Flextronics makes and assembles desktop PCs for Lenovo but does not make mobile phones for the Chinese company.
April 30- Contract electronics manufacturer Flextronics International Ltd reported a 27 percent rise in quarterly revenue, helped by higher demand from its game console and smartphone customers.