Electronic Arts to cut jobs
Electronic Arts has come out with their latest revenue report and the numbers are not good.
The company has announced that they are going to cut some jobs.
EA has posted a wider quarterly loss and they are now going to cut around 1500 jobs in their global operations.
They [...]
Videogame sales in April went down 17%
April turned out to be a bad month for the videogame industry.
The overall video game retail sales in the US market declined by around 17%.
The market has seen a decline for two months consecutively now.
However, Grand Theft Auto IV was one of the major reasons for [...]
THQ posts a quarterly loss
Video game publisher THQ has come out with their latest revenue report and the company has posted a big quarterly loss.
THQ said that the sales went down drastically. The company also declined to provide an outlook for the current quarter.
The company further announced that they are now going to cut [...]
Electronic Arts posts third-quarter loss
Videogame publisher Electronic Arts has posted a bigger third-quarter loss.
The company said that they suffered due to weak holiday sales in addition to some additional charges.
EA posted losses of $641 million in the quarter ending in December last year.
This is worse compared to losses of $33 million in [...]
Take-Two Interactive Software post a loss
Take-Two Interactive Software has come out with their latest revenue report and the company has posted a wider quarterly loss.
The company has also now forecast a sharp drop in sales revenue for the current quarter.
Take-Two has posted a net loss of $15 million in the quarter that ended in [...]
Nintendo posts 34 Percent increase in profits
Nintendo is perhaps the only videogame console maker which continues to make good money on their consoles.
The company has posted a 34 Percent increase in profits in the recent quarter. Nintendo posted a 107.27 billion yen profit for the first fiscal quarter spanning April-June.
This is an impressive improvement from [...]
Activision post impressive revenue figures
Videogame publisher Activision gained from impressive sales of their titles like “Guitar Hero III” and “Call of Duty 4″ as they posted impressive revenue figures.
The company posted earnings of $44.2 million in the first three months of the year. This is much better than losses of $14.4 million in the same [...]
Nintendo post impressive results due to Wii and DS
Nintendo continues to benefit from impressive sales of their Wii and DS gaming consoles.
The company has now posted 47.7 percent improvement.
Nintendo posted net profit of 257.34 billion yen for the March-April period.
The sales for the company were up 73 percent to 1.672 trillion yen.
The company [...]
Videogame industry had a smash hit March
NPD Group has reported that the month of March was an excellent one for the videogame industry.
The US retail market saw a massive improvement in terms of sales of videogames.
NPD analyst Anita Frazier spoke about their research: “You’d never know that the U.S. economy was under distress by [...]
Activision gains from Call of Duty 4 and Guitar Hero 3
Videogame developer Activision has posted an impressive higher-than-expected quarterly profit as they gained from the popularity of their gaming titles “Call of Duty 4″ and “Guitar Hero 3″.
They are now expecting revenues touching $350 million in the quarter which would be an improvement of around [...]
