Video game maker THQ narrows 3Q loss despite sales drop due to lower operating costs

May 15th, 2009 TOKYO - Panasonic Corp suffered its first annual loss in six years because of shrinking demand and harsh price competition amid the global economic downturn, the company said Friday. Panasonic joined other Japanese electronics' companies in reporting a net loss for the year that ended March 31.

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.

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.

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.

August 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.

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.

August 3rd, 2009 Panasonic reports $558 million quarterly lossTOKYO — Panasonic is reporting a 52.98 billion yen ($558 million) loss for the fiscal first quarter as lower sales, falling gadget prices and retirement expenses offset cost cuts. Osaka-based Panasonic Corp.

October 16th, 2009 Sony Ericsson 3Q loss widens; gets new financingSTOCKHOLM — Mobile phone maker Sony Ericsson on Friday said its losses widened to €164 million ($245 million) in the third quarter, mainly due to plunging sales, but reassured the market by announcing it had secured new financing from external investors. The LM Ericsson and Sony Corp.

January 22nd, 2009 SEOUL - Samsung Electronics Co, the leading South Korean electronics maker, posted its first quarterly loss, saying Friday that it was 20 billion won ($14.59 million) in the red in the final quarter of 2008. The world's largest maker of memory chips and liquid-crystal displays said the falling prices of memory chips and sinking demand for electronics during the global economic downturn was the cause for the loss after it had seen a profit of 2.21 trillion won in the same quarter a year earlier.

October 20th, 2009 more images more imagesSeagate 1Q profit triples on lower operating costsSCOTTS VALLEY, Calif. — Seagate Technology said Tuesday that fiscal first-quarter net income more than tripled, as low costs more than offset a drop in revenue as well as restructuring and other charges.

April 16th, 2009 HELSINKI - Citing an 'exceptionally tough environment', Nokia, the world's largest maker of mobile phones, Thursday reported lower sales and a sharp drop in operating profit for the first quarter of 2009. The Finland-based company posted a pre-tax loss of 12 million euros ($15.8 million), compared to a pre-tax profit of 1.6 billion euros for the corresponding business period in 2008.

July 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.

January 12th, 2009 TOKYO - Japanese electronics giant Sony is expected to suffer an operating loss of about 100 billion yen ($1.12 billion) in the fiscal year ending March 31, 2009, its first loss since 1995, media reports said Tuesday. The projected loss, apparently because of a strong yen and sluggish sales of flat-screen televisions and other products, marks a major turnaround from a projection last October of an operating profit of 200 billion yen, Kyodo News reported citing sources.

April 30th, 2009 Motorola 1Q loss widens, but beats StreetNEW YORK — Motorola Inc. defeated low expectations Thursday, posting a smaller first-quarter loss than Wall Street had expected and regained its position as the world's fourth-largest maker of cell phones.

October 19th, 2009 Video game sales improve slightly in SeptemberNEW YORK — After six straight months of double-digit decline, U.S. video game sales finally saw an improvement in September.