Sony Playstation 3

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.

Sony reported on Thursday that it swung back to profit in its first quarter on strong sales of television, computers and PlayStations. The company also raised its full-year earnings forecast. The electronics giant earned a net profit $294 million for the quarter.

When I grew up in the '70s and '80s, my parents needed a crowbar to pry me away from the TV set. But these days, parents are increasingly waging a similar battle against video gaming systems, and losing. More than 80% of U.S. kids between 2 and 17 regularly play video games, according to market...

Being a video game console maker is a lot like being a movie studio: you're only as good as your last blockbuster. And these days, thanks to a lack of blockbuster game titles, fewer game consoles are moving off store shelves. The Nintendo Wii, the Sony PlayStation 3 and Microsoft's XBox are...