Asian equities were mixed on Thursday as profit-taking overshadowed robust U.S. economic data overnight.» Read More
Nintendo said its quarterly operating profit more than tripled, driven by stellar demand for its DS and Wii game gear, and it raised its annual outlook above market expectations, helping its shares trim their loss.
Sony plans to phase out the cut-priced $499 model of its PlayStation 3 video game machine, leaving only a higher capacity $599 model for sale in the United States, the company said onMonday.
Today wasn't an all-time high for the Nasdaq, but there were plenty of investors who snapped up shares of semis and networking stocks. More than a few big cap techs posted multi-year highs on bullish predictions ahead of earnings, which kick off next week.
E3 is a fun show not just because of the companies it attracts, like Microsoft, Sony, Nintendo, Electronic Arts, Activision, THQ and dozens of others, but because of the celebrities who show up too. I had the chance to sit down with Heisman trophy winner and the NFL's #2 draft pick last year Reggie Bush before the big Microsoft event Tuesday night. Complete with multi-karat diamonds in each ear.
The Electronic Entertainment Expo kicked off in Santa Monica, Calif. Tuesday night with the massive Microsoft event inside the outdoor amphitheater at Santa Monica High School. The splashy event kicked off with a group of die-hard Halo fans and high school rockers from Libertyville, Illinois, something of a cult favorite on the web called Corporeal. Hannah, the violinist, brought the house down with the Halo theme.
Last week it was Microsoft making all the headlines with its Xbox mess: the $1 billion charge connected to the extended warranty; missed sales targets; another multi-hundred-million dollar loss for the entertainment and devices division. And in the background, Sony was grabbing headlines of its own: disavowing any connection to an impending price-cut to make its slumping, $600 Playstation 3 console more competitive. Sony's top brass told the world that there would be no price-cut, that a drop in price didn't make sense.
Sony cut the price of the PlayStation 3 by $100, or 17%, in the United States on Monday, a move that should boost the video game console's lackluster sales.
As Microsoft continues to miss its unit sales numbers, Nintendo's Wii continues to soar. It's the "big elephant" in Barker Hangar in Santa Monica, California--the home of next week's E3 conference. Funny though: that wasn't the competitor Microsoft was likely worried about during the opening salvos of last year's big console wars. It seems Microsoft was only concerned about what Sony's PlayStation III would do.
Nintendo's Wii game console outsold Sony's PlayStation 3 by a ratio of over six to one in June in Japan, a game magazine publisher said, solidifying Nintendo's leading position.
Sony expects at least 380 new PlayStation 3 games to hit the market this business year and says that should rev up demand for the console that has so far lost out to Nintendo's wildly popular Wii.
Fresh back from a week off at Disneyland with the family, I'm raring to go. And I noticed something as we cruised around the park. Cell phones were ubiquitous. People using them standing online. People using them riding rides! Kids. Adults. Everyone. Not so prevalent, but still there, were portable gaming devices. Yes, if you can believe it, kids wandering around the park, or sitting on a bench, or waiting on line for a ride, playing PSPs and Nintendo DSs.
McDonald's is hoping to win American moms' seal of approval, reports CNBC's Phil LeBeau. The fast-food giant is giving six mothers across the country unprecedented access to the company -- from behind the counter to test kitchens -- in an effort to convince them that McDonald's is really a good choice for their families.
Sony's game unit said on Thursday it planned to cut jobs in the United States and was eyeing restructuring steps in Japan as it struggles to keep up with industry rival Nintendo.
In a special celebrity Face 2 Face, Japan’s Riyo Mori (the current Miss Universe) asks the guys how she can benefit from growth in Japan?
Nintendo's Wii game console outsold Sony's PlayStation 3 by more than five to one in Japan last month, Japanese video game magazine publisher Enterbrain said.
Shares of Sony jumped to a five-year high on Thursday after the electronics maker forecast a six-fold jump in annual profit on sales of LCD TVs and expectations for smaller losses in its game division.
Sony reported a wider quarterly loss on Wednesday due to losses in its game unit, but it forecast a sharp rise in profit this year as it boosts sales of its PlayStation 3 video game machine and LCD TVs.
In this new feature our guys take on some of The Street's top analysts and hold them accountable for their calls. One stock - two opinions. Go ahead and Analyze This!
Well, our contest "stock report" has some interesting news. One of the best performers was a stock (FWLT) that celeb/actor Stephen Collins had on his list--and one that put him in the lead of Trading With The Stars (more on that in another post). In fact, it was the best of the best performers. And one pick that made the most actives, was one recommended yesterday by guest blogger Timothy Sykes--SIX. Here you go...
Wow! Talk about a busy earnings season. I haven't had much time to breathe lately, which explains the lack of blogs these past several days. The financial flurry has been non-stop and right now is the first chance I've gotten to catch that long-lost breath. And it gives me an opportunity to focus on Microsoft, which reports after the bell today.The Street is looking for 46 cents on $13.89 billion in revenue.