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There's been plenty of press about how consumers are trading down, but it's not just that simple, according to Mintel Senior Research Analyst Marcia Mogelonsky.
Shares of Sony closed half a percent lower Monday after the electronics maker said CEO Howard Stringer would double up as president and directly oversee the electronics division at the centre of its problems.
Sony sent a message of change Friday in centering power in Chief Executive Howard Stringer, who will also become president and gain greater say over its core electronics business as Japan's iconic electronics maker tackles a painful global slump.
CES will be something of a preview of what’s to come for the consumer electronics industry this year. Less will have to be more, as revenue and investment shrink while buyers and profits become scarce.
Video game publisher Electronic Arts Inc. said on Friday it will cut 1,000 jobs, or 10 percent of its work force, as part of a restructuring plan that will save around $120 million a year.
I've been covering the massive Consumer Electronics Show in Las Vegas for longer than I care to remember. Before that, it was Comdex. I've been doing this for the better part of 15 years, and I've seen my fair share of stunning developments at the show.
Discount and dollar stores are back in fashion and back in the black. Just about everyone else has his back to the wall.
James Bond always manages to race in, driving an Aston Martin, to save the day. This weekend we're sure to see 007 kill the box office. The latest in the Bond franchise, "Quantum of Solace", from Sony and MGM could be bigger than any other Bond film. Despite the global economic downturn it's already a huge hit overseas.
Is it really time to buy Fannie Mae and Freddie Mac? Is my kid wrong about hating the Wii? And more reader e-mails!
This is the live blog of the Apple "Let's Rock" event. The first post is at the bottom of the page, with the last enry at top.
Microsoft will slash the price of its Xbox 360 game console in Japan by about 30%, below Nintendo's Wii and Sony's PlayStation 3 as it tries to boost its market share, a newspaper reported on Monday.
A week from today, LucasFilm and Warner Bros. will unleash "Star Wars: The Clone Wars," the latest installment of the Star Wars money-making machine. And with it comes the spotlight on cool technologies.
Nintendo's quarterly profit rose 31.5 percent on the runaway success of its Wii game console, but the Japanese video game maker kept its annual outlook well short of market expectations.
Sony posted a bigger-than-expected 47 percent fall in quarterly profit and cut its outlook, hurt by its struggling mobile phone joint venture with Sweden's Ericsson while rival Matsushita nearly doubled its profit on rising flat TV sales.
Move over guns and grenades. Make room for karaoke microphones and Frisbees. The gaming world is going soft. Having been the home of fairly violent games like the Xbox 360's "Halo 3" and PlayStation 3's "Resistance: Fall of Man," the video game industry is looking to to grab more of the mass market consumer.
It's that time again: the Electronics Entertainment Expo here in Los Angeles, at the LA Convention Center. Still a far more subdued expo than its heyday years, but bigger than last year's airplane hangar event in nearby Santa Monica.
Microsoft is set to cut the price of its best-selling Xbox 360 Pro model to $299 from $349, a source briefed on the matter said on Friday.
The release of the new iPhone makes video game companies a hot stock, said David Garrity, director of research at Dinosaur Securities. Following are his top stock picks.
Japanese videogame maker Square Enix said on Tuesday it had launched its first game for Apple’s iPod, broadening its target hardware to the top-selling media player.
"Guitar Hero: Aerosmith," Activision's latest installment of their video game franchise, launched Friday at Time Square's Hard Rock Cafe release party n New York. It's the fourth game in the best-selling title, but the first based on a specific band.