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With Call of Duty breaking video game records, how should you play this space?
The midnight debut of "Call of Duty: Modern Warfare 2" lived up to expectations. Early this morning Activision/Blizzard reported that the game sold about 4.7 million copies, in North America and the United Kingdom Alone.
The holiday season is traditionally viewed as a time of good cheer and hope, but for many video game publishers, 2009’s will be filled with shot nerves and stress.
As you gear up for your holiday shopping, here are the games most likely to be on the wish lists of friends and family.
How can you make money on these new announcements? The Fast Money traders have some profitable plays for your portfolio.
Activision Blizzard’s hugely anticipated "Call of Duty: Modern Warfare 2'' video game went on sale early Tuesday morning and analysts' sales estimates for the $60 game range from 11 to 13 million units by the end of 2009. So how should investors play it? Edward Williams, gaming analyst at BMO Capital Markets, shared his insights.
On the surface, a video game opening a virtual pet store doesn’t sound like something investors should care too much about. But when that game is “World of Warcraft,” the stakes change.
Th e Dow rallied to a new high for 2009 after the Group of 20 pledged to keep stimulus in place until recovery was assured.
Activision/Blizzard debuts "Call of Duty: Modern Warfare 2" tonight at midnight: this is expected to be the biggest game debut ever, already breaking pre-sale records.
Analysts expect the game could sell 4.5 to 5 million copies globally on its first day. That would shatter the 3.6 million record currently held by Take Two Interactive Software's "Grand Theft Auto IV" — and it would mean revenues of $270 million to $300 million for Activision.
Stocks rallied Monday, coming off their best weekly performance in a month, after the Group of 20 pledged to keep stimulus in place until recovery was assured.
Wall Street opens the new trading week coming off its best weekly performance in a month, with U.S. stock index futures pointing to a modestly positive opening Monday.
It’s no secret the video game industry is having a rough 2009 here in the United States — but that's not the only place it's struggling.
Stocks bounced around Friday as investors juggled a disappointing jobs report and some analyst upgrades. Still, all three major indexes were on track to post gains for the week.
While there are now over 100,000 apps in the Apple App store, the vast majority of them were created on a shoestring budget. With customers flocking toward lower-priced program, it just doesn’t make business sense to spend big development dollars—especially on games, the App store’s most crowded category.
Activision Blizzard CEO Robert Kotick said a change in the video game maker's release schedule caused the company to forecast a weaker than expected fourth quarter, but he spoke confidently about the upcoming release of games such as DJ Hero and Band Hero.
Stocks bounced around Friday as investors juggled a disappointing jobs report and some analyst upgrades.
There's little doubt about what investors are focused on this morning: the October employment report, set for release at 8:30 am New York time.
Many companies have reported impressive third-quarter earnings results, but expect better numbers next quarter, said Sam Stovall, chief investment strategist at Standard & Poor’s. He shared his earnings outlook and what he expects in the fourth-quarter.
The third quarter of 2009 was a pretty horrendous one for the video game industry. Year over year sales plummeted amid a lack of ‘must have’ games. Now, as earnings season draws near, game makers are about to face the consequences.