US video game retail sales tumble 29 percent in July, says market researcher NPD GroupAugust 14th, 2009 July video game sales show sharp declineNEW YORK — Hurt by the recession and few hit game launches, U.S. retail sales of video games dropped sharply in July, market researcher NPD Group says.
Video game shares take a hit as PlayStation price cut rumors mountAugust 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.
Squeezed by recession, video game sales drop for fourth straight month in JuneJuly 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.
US video game retail sales fall once again in August, says NPDSeptember 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.
US video game retail sales fall 16 percent in August, sixth month of double-digit declineSeptember 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.
Microsoft Xbox executive Shane Kim to retire after 19 yearsSeptember 15th, 2009 Xbox exec Shane Kim to retire after 19 yearsNEW YORK — Shane Kim, the Microsoft Corp. executive who oversaw the growth of its video game business from the original Xbox and through such hits as "Halo" and "Gears of War," is retiring after 19 years with the software maker.
Take-Two cuts quarterly profit and revenue outlook on BioShock 2 delay, weak retail salesJuly 14th, 2009 Take-Two cuts outlook on BioShock 2 delaySAN FRANCISCO — Shares of Take-Two Interactive Software Inc. plunged 13 percent in after-hours trading after the video game maker cut its financial outlook, citing lackluster orders from retailers and the delay of a popular new title.
Surviving Nirvana members dismayed by Kurt Cobain character in 'Guitar Hero 5'September 10th, 2009 Nirvana members dismayed by 'Guitar Hero 5'LOS ANGELES — Kurt Cobain's appearance in the latest "Guitar Hero" video game is not hitting the right notes with the surviving members of Nirvana. Krist Novoselic and Dave Grohl said in a joint statement Thursday that they were "dismayed and very disappointed" that an avatar of the late Nirvana frontman could be used to play songs by other artists.
US video game sales slide 23 percent in May for third straight month of declinesJune 12th, 2009 US video game sales slide 23 pct in MayLOS ANGELES — Market researcher NPD Group says U.S. video gamers spent less on games, hardware and accessories in May compared with a year ago.
Viacom's 2Q profit falls 32 percent on weak ad market, slow video game salesJuly 28th, 2009 Viacom's 2Q profit falls 32 percentNEW YORK — Viacom's second-quarter profit tumbled 32 percent as revenue fell amid a weak advertising market, slower video game sales and fewer movie releases. The media conglomerate controlled by billionaire Sumner Redstone earned $277 million, or 46 cents per share, compared with $407 million, or 65 cents per share, in the same quarter last year.
Electronic Arts posts smaller 4th-quarter loss, lower revenueMay 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.
Electronic Arts posts smaller 4th-quarter loss despite sales slump as costs declineMay 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.
Toyota's Prius hybrid top-selling car in Japan for third straight monthAugust 6th, 2009 Toyota Prius top-selling car in Japan for 3 monthsTOKYO — Toyota's hugely popular Prius hybrid ranked as Japan's top-selling car in July, clinching the spot for the third consecutive month as tax breaks boosted sales of green vehicles, an auto industry group said Thursday. The Japan Automobile Dealers Association said Toyota Motor Corp., the world's No.
Stocks slide as durable goods orders, new home sales lag expectations; BlackBerry maker slidesSeptember 25th, 2009 Reports on manufacturing, housing weigh on stocksNEW YORK — Stocks have ended lower for a third day as discouraging reports on manufacturing and home sales further dampen enthusiasm about the state of the economy. Investors are disappointed Friday that durable goods orders fell 2.4 percent in August despite hopes for an increase.
Sony cuts price of PlayStation 3 by $100 to $299, plans new, slim versionAugust 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.
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