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Suddenly, Majesco Entertainment isn't living up to its COOL ticker symbol. Shares of the video game developer and publisher got crushed on Tuesday after it surprised the markets by following its previous three blowout quarters with a loss for Q4.
Consumers can expect a holiday shopping season heavy on promotional offers as stores offer sweet bargains on all manner of products amid a still-sluggish economy -- good news for buyers of tablet computers, smartphones and video games, all predicted to be big gift items this year.
Once upon a time, Nintendo was king of the video game consoles, but that day is long gone. Shares of Nintendo hit a five-year low this summer, wiping away any gains from the Wii era, and it took a steep operating loss to boot last quarter. Here's why there are no bonus lives in its future.
Nintendo is making a major push to clear out its Wii inventory as it gears up to unveil its successor to the gaming system next month. The company will cut prices on the Wii video game console to $149.99 from $199.99, and bundle four of its more popular games as a $19.99 set.
Under pressure to respond to competitors offering souped-up features for their video game systems, Nintendo announced Monday that it will offer a sneak peak of the Wii's successor in June. While consumers may love the shiny new system, the real question is how much it will cost.
Microsoft sold out of its Xbox video-game console in late December thanks to strong holiday-season demand, and may have product shortages in January and February as well, as the company's Kinect motion-sensor device has boosted the popularity of the system, the Seattle Post-Intelligencer reported.
How long can Nintendo Wii maintain its position as the reigning video-game console? Microsoft shipped an astronomical 8 million Kinect game systems in the past two months, undermining Wii's leadership -- already weakened by competition from the Xbox and PlayStation 3.
Video-game publisher THQ, who makes the popular uDraw tablet and fighting game UFC, has signed a deal with Mattel to bring Barbie, Hot Wheels and other brands to gaming consoles. Can it help give the gaming company -- whose stock has soared 47% in less than two months -- increase its revenue?
Stores sold 4% less video-game equipment -- including hardware, software and accessories -- in October compared to a year ago, according to research firm NPD Group. While players are spending more on the games themselves, they aren't shelling out for new consoles: Sales of those systems declined significantly.
In the first 10 days after its launch, Microsoft (MSFT) said that it has sold more than 1 million of its hands-free Kinect gaming systems. The software giant is hoping that the Kinect, which plugs into an Xbox and lets you play games just by moving your body or speaking commands, will help boost...

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