VideoGame

Any legit gamer knows that the billion dollar gaming industry has to compete for your business. There are stores and websites that specialize in trading, discount and rentals, as well as plenty of free online games and downloadable titles. When certain games are released, they may be nearly impossible to buy cheap. Still, you may be able to beat the industry at their own game.

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.

U.S. gamers spent about the same amount of money on video games last year as they did in 2009, even as sales of consoles and other hardware took a plunge. Purchases of physical game discs slid 5%, in spite of the record-breaking success of "Call of Duty: Black Ops," but downloadable and social-network games made up the difference.

Activision Blizzard's "Call of Duty: Black Ops" video game has raked in more than $1 billion in sales since its Nov. 9 release, making it the fastest-selling video game in history -- and one of the fastest-selling entertainment products of all time.

Panasonic is gearing up to challenge Nintendo and Sony with a new handheld video-game player code-named "Jungle," Bloomberg News reported Tuesday. After leaving the portable-gaming market a decade ago, can this new device make Panasonic a major player?

Videogame publisher Activision Blizzard said its "Call of Duty: Black Ops" has had the most successful entertainment debut ever, generating more than $650 million in global sales in five days.

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.

Videogame publisher Activision Blizzard said its "Call of Duty: Black Ops" set a new first-day videogame sales record, generating about $360 million in U.S. and U.K. sales within the first 24 hours of its release Tuesday. The company already has sold 5.6 million copies.

Microsoft motion controller for its Xbox videogame console, which launches this week, will outsell Sony's new PlayStation controller during the holiday season, according to a forecast report released Monday.

The video game industry is seeing significant job growth in spite of the economy and a number of colleges and universities are offering programs to help students enter this industry (which offers an average salary of $80,000). NPR reports that courses or degrees for developing video games are...