While Wednesday's announcement that Activision-Blizzard was pulling the plug on "Guitar Hero" might have turned heads in the gaming world, it was the company's other announcement that might have bigger repercussions for investors.
Activision Blizzard's earnings and revenue both beat estimates — Q4 was its most profitable quarter ever — but Wall Street is disappointed by the company's forecasts for the fist quarter and the full year. Shares tumbled in late trading Wednesday after the company's announcement and continued to fall Thursday morning.
The videogame publisher's shares tumbled in late trading Wednesday after its outlook for the current quarter fell far short of estimates.
In agreeing to buy The Huffington Post for $315 million, AOL is putting what appears to be a significant premium on the ability to attract and build a community of readers, the New York Times reports.
The last couple of years have been rough ones for Electronic Arts and THQ. Rapid changes in the video game landscape and an unlucky string of underperforming titles has taken its toll on both companies’ stock prices.
Electronic Arts stock has shot through the roof in after hours trading—now up about 10 percent. Investors are reacting to a laundry list of better-than-expected news.
Electronic Arts reports its fiscal third quarter earnings after the bell; Wall Street's eagerly looking for signs of growth following a year when video game software sales declined.
The company unveiled its next generation handheld system Thursday – the successor to its six-year old PlayStation Portable device. Sony also announced a new initiative that would bring PlayStation games to Android-based devices.
Walt Disney has laid off a significant portion of its gaming studio employees, the company confirmed Tuesday.
The war of words between Activision-Blizzard and Electronic Arts has moved to a new plateau. Activision has added the rival publisher to its $400 countersuit against the creators of the “Call of Duty” franchise.
The device will be the first mass market consumer device to offer stereoscopic 3D images without the need for special glasses – something analysts see as critical to the success of 3D in the market.
Tennis video games aren’t annual titles, but when they hit the market they always seem to do better than expected.
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.
Here are the best performing companies in the technology sector in the last twelve months.
Find out why Cramer is praising President Obama’s new right-hand man.
With Apple having paved the way for tablets last year, 2011 is when the competition is hoping to chip away at the company’s dominance in the category. It’s going to be a tough fight, though.
A company known for its adult-themed dating website is jumping into the venture capital game.
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.