Video Game Sales Flat at GameStop
JAN. 9, 2012 • For the nine week period ending Dec. 31, retailer GameStop reported that overall sales were flat at $3.02 billion, compared to the same period last year. Game software sales did grow to 10% to $1.47 billion, but game hardware sales dropped 20%. Other growth areas included digital sales (60%), and used games (3.5%). In the U.K., music, video and game retailer HMV saw its total sales for the same nine week period drop 9.8%. While DVD sales remained .....
Star Wars: The Old Republic Draws 1 Million Players
DEC. 26, 2011 • During it first week in release, Star Wars: The Old Republic attracted more than 1 million players worldwide. Electronic Arts, the MMO’s publisher, needs the game to be highly successful to recoup its investment. The Old Republic is oft accused of being the most expensive computer game ever made. If true, BioWare developed title would have cost more to produce than Grand Theft Auto IV, which had a budget of $100 million.
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Investors Cool to Zynga IPO
DEC. 16, 2011 • Zynga Inc. got less a less enthusiastic investor response to its intial public offer than hoped. The Zynga IPO debuted at $10, the stock closed its first day of trading lower at $9.50. A high-profile technology IPO is usually expected to provide substantial early appreciation in stock value for early investors.
Impact: Opinion around whether Zynga is a good investment is all ac.....
Kindle Sales Top 1 Million A Week
DEC. 15, 2011 • In the weeks leading into Christmas, Amazon.com announced that it was selling more than 1 million Kindle devices a week worldwide. The online retailer would not say how many of those units sold were the new Fire model. Amazon had never previously announced any sales numbers for its e-reader devices.
Impact: The e-reader devices like the Fire and Barnes and Noble’s Nook Co.....
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