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.
The 2010 retail numbers are expected to show their second consecutive decline—a first for video games.
With a slew of new product offerings, 3D will continue its assault at retail this year. LG, Samsung and Panasonic all plan to include the technology in a wider array of products— most importantly in TV sets and Blu-ray players that aren’t being aimed at the high-end, early adopter audience.
CES kicks off today and buzz is already building about the hot new devices and services that will grab the attention of consumers and investors. Some clear themes have already emerged and it's all about new mobile devices, seamless integration of streaming and traditional content, more powerful chips, and persistent 3D.
This could also be the year fitness goes high tech, as 2011 Consumer Electronics Show is including a Sports and Technology summit. This follows a growing trend in exercise related video games, including the Microsoft Xbox 360 Kinect and PlayStation Move.
Stocks ended just below record two-year highs with solid double-digit gains for the year after a quiet New Year's eve session that ended with the major indexes narrowly mixed. Alcoa and American Express rose, while Hewlett-Packard fell.
Stocks turned negative in the final minutes of trading, but were on pace to end the year just below record two-year highs with solid double-digit gains for the year amid thin New Year's Eve trading. Alcoa rose, while Hewlett-Packard fell.
Microsoft’s Kinect was a solid hit this holiday season, but the game console’s success alone may not be enough to boost the video game industry for next year, said Evan Wilson, entertainment analyst at Pacific Crest Securities.
With backings by Oprah Winfrey, Ellen DeGeneres and just about every gift guide the media has written, Kinect for the Xbox 360 has become the “must have” gift of the 2010 holiday season.
I don’t want to be a party pooper, but there aren’t a lot of reasons to think Microsoft stock should react to Kinect at this point. Look at the numbers: Microsoft does about $66 billion in annual revenue, $21 billion in net income.
Retail software sales posted impressive growth over 2009 numbers, marking the first time the industry has posted back-to-back gains this year.
Last November, Activision’s annual “Call of Duty” release ruled the sales charts in a dominant fashion. This year, the story is set to repeat itself.
Stocks struggled to end in positive territory but ended down as sovereign debt concerns in the euro zone kept a check on gains throughout the session. News that the Obama administration will work with Republicans on the tax dispute gave a brief lift to stocks. BofA and Procter & Gamble fell.
Stocks lost ground in the final minutes of trading after moving higher in the wake of news that the Obama administration will work with Republicans on the tax dispute. Rising worries over sovereign debt concerns in the euro zone kept a check on gains throughout the session. BofA and Procter & Gamble fell.
Analysts acknowledge that the numbers are welcome news, but warn that investors looking for a return to the industry’s glory days could be in for a disappointment.
Discount retailer TJ Maxx certainly created a lot of buzz this past weekend by offering Apple's iPads for $399—yes, that's right $100 off the tablet computer's usually price. The stunt points out a lot of trends about this year's holiday shopping season.
Buoyed by strong performances by “NBA 2K11” and “Fallout: New Vegas,” the software side of the video game industry managed to push out of its slump in October, but the good fortune did not extend to the rest of the industry.
After being severely disappointed in September, the video game industry is warily eyeing October’s retail sales numbers.
It’s not uncommon to hear consumers grumble that the price of video games is too high, but that’s not something you expect to hear from the CEO of a game publishing company.
As Nintendo experiences falling sales of its Wii products and competition from other producers, including Microsoft, Nintendo of America’s president and COO told CNBC Thursday that the company’s installed base works in its favor.