Electronic Arts CEO John Riccitiello talks about possible console price cuts

August 19th, 2009 Electronic Arts CEO says PS3 price cut great moveNEW YORK — John Riccitiello, the CEO of video game publisher Electronic Arts, says Sony's decision to cut the price of the PlayStation 3 is a "bold move done precisely at the right time." Sony Corp. said Tuesday it is cutting the price of the console by $100, bringing the 80-gigabyte version to $299 effective immediately.

August 19th, 2009 Summary Box: Sony cuts price of PS3 by $100GEARING UP FOR HOLIDAYS: Sony Corp.'s move to cut the price of its PlayStation 3 console by $100 comes well ahead of the holiday season and should boost sales not just for Sony but the video game industry as a whole during this important period. LONG EXPECTED: The 80-gigabyte PS3 will now cost $299 and a slimmer, lighter one is planned for the same price.

August 19th, 2009 Sony cuts PS3 price around world, offers upgradeTOKYO — Sony Corp. slashed the price of the PlayStation 3 around the world in a move that analysts said is likely to boost sales of the game console while not adding much to its money-losing earnings.

August 17th, 2009 Sector Snap: Video games take a hitNEW YORK — Shares of video game companies took a hit Monday, even as rumors mounted about a looming price cut for Sony Corp.'s PlayStation 3. The shares dropped just a few days after market researcher NPD Group reported a sharp drop in video game retail sales for the month of July.

August 27th, 2009 Microsoft cutting price of high-end Xbox 360NEW YORK — Microsoft Corp. is slashing the price of the high-end Xbox 360 console by $100, matching Sony's $100 price cut for the PlayStation 3 last week.

May 6th, 2009 EA posts smaller 4Q loss as costs declineNEW YORK — Video game publisher Electronic Arts Inc. posted a smaller net loss Tuesday for its fiscal fourth quarter as it further slashed costs in a quarter that had fewer hit game launches.

September 11th, 2009 NPD: Video game sales slide again in AugustNEW YORK — Retail sales of video games have declined for six straight months. Analysts are blaming the slow August — which was expected — in part on a disappointing showing from the latest "Madden" title from Electronic Arts.

September 11th, 2009 US video game sales slide in August for 6th monthNEW YORK — Video games sales declined in August for the sixth straight month, following what analysts called a disappointing showing from the latest "Madden" game. Nonetheless, game makers are eyeing a stronger September, boosted by the much-hyped launch of "The Beatles: Rock Band" as well as "Guitar Hero 5." Although the video game industry held out longer than many other sectors in the recession, it began recording double-digit declines in March when compared with the same period in 2008.

July 17th, 2009 June video game sales drop sharplyNEW YORK — Squeezed by the economic downturn, U.S. retail sales of video games dropped sharply in June.

August 18th, 2009 Sony cuts price of PlayStation 3 by $100NEW YORK — After months of rumors and anticipation, Sony says it's slashing the price of the PlayStation 3 by $100 to $299. Sony Corp. said Tuesday it will cut the price of the currently available 80 gigabyte PlayStation 3 effective immediately.

August 14th, 2009 Sector Snap: Stocks shrug off low video game salesNEW YORK — Investors seemed to look past dismal July video game sales on Friday to expectations of a better second half to the year, with shares of game makers holding up despite the fifth straight month of declines. Market researcher NPD Group reported a 29 percent drop in sales of game hardware, software and accessories Thursday, an even steeper decline than analysts were expecting.

May 6th, 2009 Electronic Arts posts smaller 4Q lossNEW YORK — Video game publisher Electronic Arts Inc. posted a smaller net loss Tuesday for its fiscal fourth quarter as the company continued to slash costs in a quarter with fewer hit game launches.

February 21st, 2009 WASHINGTON - Physicists have discovered unusual electronic properties in a material that has potential to improve solar cell efficiency and computer chip design. They determined that a crystal made of bismuth, iron and oxygen can perform an electronic feat typically not feasible with conventional semiconductors.

August 4th, 2009 EA 1Q loss widens but results surpass expectationsNEW YORK — Lower revenue from packaged video games amid a seasonal slump for the industry gave Electronic Arts Inc. a larger net loss in its fiscal first quarter.

January 23rd, 2009 LUCKNOW - Made-in-China tricolour gadgets that resemble the Indian flag have flooded the electronics market here two days before India celebrates Republic Day. The gadgets are studded with bulbs in saffron, white and green colours, following the pattern of the Indian flag.