Software sales came in slightly better than analysts were expecting, while hardware sales shattered expectations. For the month, game sales fell 5 percent versus a year ago, according to the NPD.
With a weak slate of titles, February is shaping up to be another negative month for the video game industry.
The explosion in cheap and free apps and social network games has devalued game development and could put the industry at risk.
Smartphones have absolutely crashed the mobile gaming industry party since the iPhone came onto the scene in 2007 – can Nintendo answer?
Electronic Arts hasn’t exactly been a darling of Wall Street in recent years, but the president of the EA Games label says the company has made the necessary changes to get back on top.
Oil prices will revert back to “normal levels” once the situation in the Middle East calms down, said Robert Doll, chief equity strategist at BlackRock.
Nintendo's latest game machine, offering glasses-free 3-D images, went on sale in Japan on Saturday ahead of a global rollout, and analysts say it promises to be the world's first 3-D mass-market product.
Despite comparing with weak numbers from a year ago, game software sales were down 5 percent last month versus 12 months earlier, coming in at $576 million, according to NPD Group, which tracks the industry.
After two consistent years of negative growth, investors in the video game industry are hoping for things to start turning around in 2011, but they may have to wait a little longer for that to happen.
The company has unveiled the Xperia Play at the ongoing Mobile World Congress. Due in March, the device will be available exclusively through Verizon in the U.S. and will lead the charge of cell phones capable of playing PlayStation titles.
Kotick explained to me why it made sense to kill the Guitar Hero brand in which the company has invested millions and millions. Demand has dwindled — no question — and Kotick says he partially blames the company for not innovating more.
A work stoppage in the NFL is looking increasingly likely — and the effects of that could reach far beyond the gridiron. One company that’s undoubtedly monitoring the situation closely is Electronic Arts.
The last couple of years have been rough ones for Electronic Arts and THQ. Rapid changes in the video game landscape and an unlucky string of underperforming titles has taken its toll on both companies’ stock prices.
The company unveiled its next generation handheld system Thursday – the successor to its six-year old PlayStation Portable device. Sony also announced a new initiative that would bring PlayStation games to Android-based devices.
Walt Disney has laid off a significant portion of its gaming studio employees, the company confirmed Tuesday.
Stocks closed lower Wednesday following a handful of weak earnings results in the financial sector and strong results from tech giants IBM and Apple, although the iPad maker's shares slipped in afternoon trading. Bank of America and AmEx fell, while IBM rose.
Stocks extended losses Wednesday following a handful of weak earnings results in the financial sector and strong reports from tech giants IBM and Apple, although the iPad maker's shares slipped in afternoon trading. BofA and AmEx fell, while IBM rose.
The device will be the first mass market consumer device to offer stereoscopic 3D images without the need for special glasses – something analysts see as critical to the success of 3D in the market.
Tennis video games aren’t annual titles, but when they hit the market they always seem to do better than expected.
For the second year in a row, retail sales were down in the video game industry — the first time it has recorded negative growth in back to back years.