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When Microsoft's earnings came out yesterday, I had to do a double-take because it was hard for me to process just how strong these numbers truly were. I knew the company was poised for a strong quarter, but it was the breadth of its success, and optimistic guidance that took me, and so many investors, by surprise.
Robust holiday sales of Wii and DS game machines helped Japan's Nintendo more than double its operating profit in the nine months to December and prompted it to raise its outlook beyond market expectations.
They are easily the most anticipated numbers of the year by Microsoft, Nintendo and Sony: NPD's year-end sales figures for the video games industry. And what a story they tell. NPD reports tonight a record $17.94 billion was spent on non-PC game hardware, software and accessories; a staggering 43 percent better than 2006.
Ouch. There's really no other way to summarize Intel's earnings, and there's little question that Intel's softness took Wall Street by surprise. Just look at the shellacking these shares are taking today. But is the selloff warranted, or -- like so many other moves to the downside in recent weeks among the top names in tech -- is the Intel drubbing overdone?
Companies are picking up on Nintendo's motion-sensing technology, incorporating it into new electronic products, some of which go beyond the realm of video gaming.
There are two stories I'm looking forward to investigating as the crowds hit the floor Monday. First, there's the state of the struggle between Toshiba, with its HD DVD high-def disc format, and Sony's rival Blu-ray format. Secondly, there's a new batch of electronics that incorporate motion-based controllers similar to Nintendo's Wii.
Bill Gates is calling this period in the company's history the dawn of a new digital decade, and his annual, keynote address at CES is chock full of news, both technologically and financially.
Sony's game console sales figures for the holiday shopping season reached more than 3.9 million units in North America, but Playstation 3 is still well behind Microsoft's Xbox 360.
George Lucas' video game company is set to unveil two of the most anticipated titles the industry as seen since "Halo 3." And these games may herald the next generation of films from the legendary producer.
Late Thursday night, Microsoft was touting the company's apparently monumental success with Xbox sales this holiday shopping season, even though the industry's gold standard of market research, the NPD numbers for December, are still weeks away.
This past year was a busy one for tech, including Apple's iPhone release; Halo 3; Xbox vs. Wii vs. PlayStation; HD-DVD vs. Blu-ray: Google's new mobile strategy; Intel's surge at AMD's expense; all things wireless; Oracle and Microsoft's blockbuster earnings; Yahoo's CEO shakeup; VMWare's IPO; the ongoing shake-up at Dell; and of course my favorite: Star Wars celebrating its 30th anniversary.
Amazon.com said it sold about 17 of Nintendo's Wii video game systems per second when it had them in stock.
Shoppers jammed stores over the last weekend before Christmas to try to scoop up bargains. But the spending surge may not be enough to offset what is shaping up to be a mediocre December for some retailers.
Something strange is developing around the Nintendo Wii phenomenon and it's showing capitalism at its finest: I was skeptical about a derivatives market in the Wii actually existing, but now I have confirmation that one does exist.
Black Friday has come and gone, but you might want to call today Black Friday: Part II as we usher in the last weekend before Christmas. I'm inside a Best Buy in the heart of Silicon Valley, where business has been more than brisk these last few weeks...
I'd like to deconstruct the myth that the China lead-contaminated is responsible for the drop off in toy sales this year. Lead-contamination worries or not, parents are still buying toys and kids are still playing with them this season.
Take-Two Interactive Software said on Tuesday it cut its quarterly net loss in half, but the publisher of games such as "BioShock" gave an outlook that fell short of Wall Street expectations, and its shares fell 4 percent in after-hours trade.
Nintendo, already struggling with shortages of its Wii video game console, is also seeing signs of higher-than-expected demand for its DS handheld device.
Competition among videogame console makers is getting rougher as the holiday season goes on. Tony Gikas, analyst at Piper Jaffray, thinks one particular company is going to prevail in the sales war. Click to see his stock pick.
There's been a fair amount of controversy gripping the video games console wars, with each of the three major players locked in a pitched battle for market supremacy. Following Black Friday last month, a war of words even erupted when I wrote that Microsoft had claimed huge sales in the week including Black Friday.