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Microsoft soundly beat its 2010 sales forecast for the Kinect, a motion-sensor device that enables players to use body movements — instead of controllers — to play games on the Xbox console.

Continue reading Microsoft Kinect Sales Soundly Beat Company Forecast

Microsoft Kinect Sales Soundly Beat Company Forecast originally appeared on DailyFinance on Tue, 01 Mar 2011 18:30:00.

Filed Under: Company News, Technology, Microsoft, Sony, Retail

Given recent valuations for the likes of Zynga, you’d think investors would be frothing at the mouth for any IPOs in this sector. But only a few players look serious about going public soon, and investors aren’t putting as much pressure on them to jump as you’d expect.

Continue reading If Zynga, Facebook and Groupon Are Worth Billions, Why So Few IPOs?

If Zynga, Facebook and Groupon Are Worth Billions, Why So Few IPOs? originally appeared on DailyFinance on Fri, 18 Feb 2011 14:15:00.

Filed Under: Technology, Media, Facebook

Activision Blizzard’s shares fell after the video-game maker forecast that 2011 sales would fall short of analysts’ estimates and announced that it would cease creating Guitar Hero games because of lackluster sales.

Continue reading Activision Discontinues ‘Guitar Hero,’ Narrows Earnings Loss

Activision Discontinues ‘Guitar Hero,’ Narrows Earnings Loss originally appeared on DailyFinance on Wed, 09 Feb 2011 18:30:00.

Filed Under: Company News, Investing, Earnings, Media, Retail

Sony (SNE) unveiled its new PlayStation Portable device, the Next Generation Portable Entertainment System, or NGP.

The hand-held device has greater motion sensitivity and allows gamers to connect with other users online, Sony said in a statement. The company plans to release the device at the end of 2011.

“NGP is designed to offer unparalleled interactive entertainment that is only possible on…

Continue reading Sony Unveils New Portable Gaming System

Sony Unveils New Portable Gaming System originally appeared on DailyFinance on Thu, 27 Jan 2011 07:33:00.

Filed Under: Company News, Technology, Media, Google , Sony, Retail

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.

Continue reading More Downloads, Fewer Discs: U.S. Video Game Sales Remain Flat

More Downloads, Fewer Discs: U.S. Video Game Sales Remain Flat originally appeared on DailyFinance on Thu, 13 Jan 2011 19:00:00.

Filed Under: Technology, Electronic Arts, Microsoft, Nintendo, Retail