BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Medal of Honor Presale Data Pushes Electronic Arts Higher]]>http://www.bloggingstocks.com/2010/09/30/electronic-arts-medal-of-honor-presale-data/http://www.bloggingstocks.com/2010/09/30/electronic-arts-medal-of-honor-presale-data/http://www.bloggingstocks.com/2010/09/30/electronic-arts-medal-of-honor-presale-data/#commentsFiled under:

Electronic Arts (ERTS) logoElectronic Arts (ERTS) was more than 2% higher Thursday morning, thanks mainly to news that the latest installation of its Medal of Honor franchise has set a presale record.

The newest game is based in Afghanistan and introduces players to a new class of warrior. Past iterations of the franchise have helped the company, and while specific sales data was not released, it seems that investors are assuming that sales of the game will be massive.

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Medal of Honor Presale Data Pushes Electronic Arts Higher originally appeared on BloggingStocks on Thu, 30 Sep 2010 11:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>EAElectronic ArtsERTSinthenewsMedal of Honortechnical analysisvideo game salesvideo gamesThu, 30 Sep 2010 11:30:00 EST<![CDATA[Strong Dollar Leads to Lower Game Sales for THQ]]>http://www.bloggingstocks.com/2010/06/14/thq-lowers-sales-forecast/http://www.bloggingstocks.com/2010/06/14/thq-lowers-sales-forecast/http://www.bloggingstocks.com/2010/06/14/thq-lowers-sales-forecast/#commentsFiled under: ,

Early Monday morning, video-game manufacturer THQ (THQI) announced that a stronger U.S. dollar and lower-than-expected sales of UFC Undisputed have caused the company to lower its first-quarter and full-year revenue forecast.

The company now believes it will report full-year net sales in a range of $845 million to $865 million, along with managing to break even on per-share earnings. THQ had earlier forcast net sales to total between $905 million and $920 million with earnings between 25 cents per share and 30 cents per share. As for analysts, expectations were for 31 cents per share with revenue of $913.4 million.

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Strong Dollar Leads to Lower Game Sales for THQ originally appeared on BloggingStocks on Mon, 14 Jun 2010 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredinthenewsquarterly revenuerevenuerevenue forecastTHQTHQIvideo gamevideo game salesMon, 14 Jun 2010 11:00:00 EST<![CDATA[Video Game Sales Drop in January]]>http://www.bloggingstocks.com/2010/02/12/video-game-sales-drop-in-january/http://www.bloggingstocks.com/2010/02/12/video-game-sales-drop-in-january/http://www.bloggingstocks.com/2010/02/12/video-game-sales-drop-in-january/#commentsFiled under: ,

January proved to be a rather difficult month for the video-game world, as evidenced by a greater-than-expected drop in sales during the month. According to the NPD Group, U.S. game sales fell 12% during January. The drop in game sales was expected to total 5%. In addition to this news, hardware sales dropped by 21% during the month.

Reportedly, Nintendo (NTDOY) sold 465,800 units during the month. This total was down more than 30% during January 2009. The Nintendo DS saw sales fall 17% from a year ago to 422,200 units. Nintendo pulled down the hardware segment, as both Sony (SNE) and Microsoft (MSFT) saw sales of their gaming consoles increase.

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Video Game Sales Drop in January originally appeared on BloggingStocks on Fri, 12 Feb 2010 12:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsMicrosoftMSFTNintendoNTDOYPlaystationSNESonyvideo game salesvideo gamesXboxFri, 12 Feb 2010 12:40:00 EST<![CDATA[Video game sales fall for a sixth straight month]]>http://www.bloggingstocks.com/2009/09/11/video-game-sales-fall-for-a-sixth-straight-month/http://www.bloggingstocks.com/2009/09/11/video-game-sales-fall-for-a-sixth-straight-month/http://www.bloggingstocks.com/2009/09/11/video-game-sales-fall-for-a-sixth-straight-month/#commentsFiled under: ,

So much for the notion that video game sales would turn around in August. Slumping sales pushed the slide for video game sales to six straight months. During August, 15% fewer games were sold than a year earlier, and the drop was more than industry analysts expected.

Just because the overall sales dropped, it doesn't mean that some companies didn't turn in a good month. Sony (NYSE: SNE) saw sales increase, thanks to the company's decision to slash the price of its wildly popular PlayStation 3.

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Video game sales fall for a sixth straight month originally appeared on BloggingStocks on Fri, 11 Sep 2009 08:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredMaddenMadden 2010Madden2010playstation 3Playstation3video game salesvideo gamesVideoGamesVideoGameSalesFri, 11 Sep 2009 08:30:00 EST<![CDATA[Video game sales drop again; recovery still far away]]>http://www.bloggingstocks.com/2009/06/12/video-game-sales-drop-as-recovery-is-still-far-away/http://www.bloggingstocks.com/2009/06/12/video-game-sales-drop-as-recovery-is-still-far-away/http://www.bloggingstocks.com/2009/06/12/video-game-sales-drop-as-recovery-is-still-far-away/#commentsFiled under: , , ,

May marked the third-straight month that video game software sales dropped, a sign that the economic downturn continues to weigh on the gaming sector. NPD Group released its video game sales data yesterday afternoon, reflecting sales that fell to $448.9 million during May. These monthly results are 17% lower than the same period last year. The drop in software sales was somewhat expected, as the Street called for a drop between 15% and 20%. Hardware sales dropped 30% during May, totaling $302.5 million.

But the comparisons are difficult as major hits were released during spring 2008, including Grand Theft Auto IV, Mario Kart, and Super Smash Bros. Brawl. There were no such major hits released this year.

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Video game sales drop again; recovery still far away originally appeared on BloggingStocks on Fri, 12 Jun 2009 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>economic crisiseconomic downturnEconomicCrisisEconomicDownturnertsgaming sectorGamingSectorinthenewsluxury itemsLuxuryItemsmsftntdoysnevideo game salesvideo gamesVideoGamesVideoGameSalesFri, 12 Jun 2009 10:30:00 EST<![CDATA[Video game industry rakes in $3 billion in November]]>http://www.bloggingstocks.com/2008/12/12/video-game-industry-rakes-in-3-billion-in-november/http://www.bloggingstocks.com/2008/12/12/video-game-industry-rakes-in-3-billion-in-november/http://www.bloggingstocks.com/2008/12/12/video-game-industry-rakes-in-3-billion-in-november/#commentsFiled under: , ,

When Doug referenced the video game industry a few days ago in terms of possible weak sales, I agreed. Are Americans really ponying up hundreds of dollars for consoles and approximately $50 a pop for video games with all the financial hurt many citizens are going through? You would think not, but they are.

Thanks to video game console makers Nintendo Ltd., Microsoft Corp. (NASDAQ: MSFT) and Sony Corp. (NYSE: SNE), video game sales growth in November was up about 10% compared to the year-ago period. That's right -- we spent $2.91 billion last month on video games. Perhaps savings in gas prompted the upswing?

NPD indicated that a broad range of games for all the major gaming consoles was the reason for the solid uptick in November. In addition to the nearly $3 billion on video game software, Americans spent another $1.21 billion in hardware sales. Forecasts are for an industry rake of nearly $22 billion for 2008.

Instead of DVD rentals, iTunes downloads and actually -- gasp -- going out to the movies, video games seem to be taking market share from other forms of entertainment. I would posit that those pulling money from the market stash some of that cash into video games, lest you play a roller-coaster type of game rather than ride the real thing on Wall Street.

Video game industry rakes in $3 billion in November originally appeared on BloggingStocks on Fri, 12 Dec 2008 13:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Microsoft NintendoMicrosoftNintendoSonyVideo game salesVideo GamesVideo gamingVideoGamesVideoGameSalesVideoGamingFri, 12 Dec 2008 13:40:00 EST