Shares of Video Game Makers Soar Amid Sluggish Sales
Sales of video games and consoles have been sluggish, but shares of the game makers are soaring as investors focus on what they hope will be an exciting future.
Sales of video games and consoles have been sluggish, but shares of the game makers are soaring as investors focus on what they hope will be an exciting future.
Among the wins and losses in business this week: the well-timed announcement of a bar-raising new cruise ship and a painful computer failure at a major airline.
Next week, Sony will unveil the PlayStation 4, and it's not just Sony that needs it to be a hit. After a soft sales start for Nintendo's Wii U, and Microsoft's risky plan for the Xbox 720, the whole gaming world should be rooting for the PS4.
Among the events that will move the stock market this week -- big changes for a smartphone pioneer in trouble, and a big debut for a video streaming service trying to keep its momentum. Here's your quick guide to the days ahead on Wall Street.
Disney is about to pull a secret weapon out of its arsenal that could revive the stumbling video game industry. The Disney Infinity system will feature some of the House of Mouse's most popular characters -- and that's only the beginning.
Video game maker Atari's U.S. operations have filed for Chapter 11 bankruptcy protection in an effort to separate from their French parent company, which is filing a similar motion separately in France. Atari says the move is necessary to secure investments it needs to grow in mobile and downloadable video games.
Last week was rough for owners of video game stocks. A bill was introduced in Congress that directs federal agencies to study the influence of violent video games on children. Gamemakers obviously weren't too happy about that: Intense combat games have proven to be the battered industry's biggest hits lately.
Nintendo has sold 400,000 Wii U consoles since the system's Nov. 18 launch, plus another 300,000 original Wii units last week. But Microsoft is still the gaming king: Its Xbox 360 outsold both systems combined, moving 750,000 consoles during the Black Friday holiday weekend.
The tired video game industry needs a spark -- and it may get it with this week's release of the next installment of the record-setting Call of Duty franchise.
This should be a good time for Electronic Arts: Madden NFL 13 and The Simpsons: Tapped Out are selling well, FIFA 13 and Battlefield 3 are expected to be big winners, and digital revenue is up 40%. But the outlook for the video game developer and publisher is actually problematic.
Gaming companies have been trying for years to make their products more than just consoles, but the center of the living room, combining gaming, TV, and other media options. Could Nintendo's Wii U system, with its Wii TVii, be the one that finally succeeds?
It's time to begin tossing around the virtual pigskin again. Electronic Arts' Madden NFL 13 hit stores on Tuesday. In an industry that has suffered three years of brutal declines, its a rare cause for a celebration -- and the industry doesn't want you to forget it.
GameStop is coming off another disappointing quarter. Sales plunged 11% to $1.55 billion, well short of the $1.61 billion that Wall Street was expecting. Same-store sales fell by a problematic 9.3%.
Sony isn't about to give up on console and dedicated handheld gaming platforms, but it's willing to bet on a new horse. The Japanese giant is acquiring California-based Gaikai, a cloud based gaming firm, in a $380 million deal.
In Rovio's boldest bet yet, the app developer behind the immensely popular Angry Birds franchise will be putting out 52 episodes of an animated Angry Birds series.














