Guidance is the ultimate game of connecting the dots to get the real picture. Just look at Best Buy. The company cut guidance for fiscal 2011 to a range of $3.20 to $3.40 a share. Very important to note: That includes 12 cents from year-to-date share repurchases.
As the CEO of the world’s largest consumer-electronics retailer I hear from people every day– our customers, our sales team and our vendors – about how people use the products they buy, how they wish they could use them, and what frustrates them about those products they do use.
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.
The New York Times has ten iPad apps that work wonders by making life easier and more fun.
It takes guts to radically alter a game that has 12 million paying subscribers—but when the company doing the tinkering is Blizzard Entertainment, you generally won’t hear a lot of complaints.
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.
Here, we take a look at some of the stories that made headlines, changed lives and stirred public interest: some of the biggest scandals in game show history.
When Oliver Kreylos, a computer scientist, heard about the capabilities of Microsoft’s new Kinect gaming device, he couldn’t wait to get his hands on it. “I dropped everything, rode my bike to the closest game store and bought one,” he said. The New York Times reports.
Activision’s latest “Call of Duty” game continues to set records for the company. The video game publisher announced Thursday that in its first five days on store shelves, “Call of Duty: Black Ops” has generated sales of $650 million.
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.
When Sam Keller, a former quarterback at Arizona State, sued the video game publisher Electronic Arts last year, he was seeking compensation for himself and other college athletes whose names were not used but whose images he contended were being illegally used by the company. The New York Times reports.
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.
Pre-orders for “Call of Duty: Black Ops” have been tracking higher than “Modern Warfare 2,” which is generally an encouraging sign. But amidst the enthusiasm surrounding the game, there is caution – as this year’s installment could be pivotal in determining the future of the video game industry’s biggest franchise.
Consumers may be planning to spend less on gifts overall this holiday season, but that frugality seemingly won’t apply when it comes to consumer electronics.
Activision Blizzard has proven that even if the video game industry as a whole is declining, consumers will still spend on big video game brands.
As the tech titan rolls out Kinect on Thursday, early signs are showing that the gamble was a wise one.