The Shanghai Composite clinched a fresh seven-year high on Friday, while markets in Japan edged up to finish at their highest levels in 15 years.» Read More
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.
Sony's PlayStation 3 outsold Nintendo's Wii game console in Japan in November for the first time since the machines were launched last year, showing Sony may finally be overcoming a slow start versus its upstart rival.
The blogs might be rife with complaints about Xbox and its overheating issues. And a lawsuit seeking class-action status against Microsoft because of Halo 3's alleged incompatibility with the system, might be working its way through the courts.
It's the kind of news at the kind of time that Microsoft must be brooding over: the blogosphere is rife with meltdown messages from Xbox users all over the country. Extended play--the kind associated with new blockbuster titles like Halo 3 and Call of Duty 4--leading to system crashes, overheating, and frustration.
The game console war enjoyed a robust battle on Black Friday and we're getting indications now of new momentum for Sony's flagging PlayStation franchise, and continued mega-sales for Nintendo's Wii. Hard data from Sony indicates a strong week for its platform. The company reports that PlayStation 3 hardware sales jumped 245 percent compared to Black Friday sales a year ago.
Time to sift through the Fast Money in-box and answer more of your questions. Mike writes, “We can’t find a Wii game console anywhere. Is the lack of supply a positive or negative for Nintendo’s stock?”
Apple hosted an unusual one-day sale to usher in the holiday shopping season; rather unusual for a company that prides itself on pricing strength. But nonetheless, it's a move that appears to be paying off as the company tries to establish itself as this year's big winner.
Happy Anniversary to Wii: It was one year ago that the wildly popular videogame console hit the market, taking interactive play to a new level -- and giving Nintendo a huge advantage over Sony and Microsoft in the game game.
U.S. sales of video game hardware and software jumped 73 percent in October, with Nintendo's Wii console regaining its spot as the top-selling console, industry data showed on Thursday.
Sony appears to be coming up with a winning formula. Amazing what a steep price cut will do, but you can't argue with success. Howard Stringer, Sony's CEO, is on the wires saying Sony sold over 100,000 PlayStation 3 units last week, calling the results "the breakthrough we've been anticipating."
Top video game publisher Electronic Arts posted a quarterly loss but still topped estimates on strong sales of such titles as "FIFA 08" soccer and games for Nintendo's popular Wii console.
It's a big day for video games makers today as Electronic Arts, the single biggest name in the space, and THQ both report after the bell today. But despite a healthy run in EA shares, this might not be the slam-dunk investment you think it is.
On the eve of what could be a major shift in Nintendo's family friendly approach to video-gaming, there comes word, courtesy of iSuppli, of just how big the Wii has gotten: how about #1? ISuppli reports that Nintendo has actually replaced Sony as the number one video game console vendor, surpassing the PlayStation maker in the third quarter, 2007.