The year is young, but we are already looking towards the upcoming holiday season. There has been a continuing drought in terms of new big-ticket games being released. Right now, it looks that the launch of new console systems this fall may not see much in the way of new product. This begs the question, do the new console systems even need games to be successful? Of course, that is a rhetorical question and the answer is of course the PlayStation 5 and Xbox Series X need games. However…..
Last week Activision Blizzard (Nasdaq: ATVI) released its annual results for 2019. Revenue was down over 2018, but the stock had a nice increase. This week ATVI announced it would remove its games from the newly launched GeForce Now streaming service. So, what is up with Activision? In 2019, Activision revenue was $6.5 billion versus $7.0 billion for 2018. Net income in 2019 was $1.5 billion versus $1.8 billion the previous year. However, the week after th…..
On Monday February 3, Sony Corporation (NYSE: SNE) announced total revenue results that were flat, but down significantly in the video game division. Ironically Sony stock rose on the news. This was in sharp contrast to Nintendo that a few days before had seen its stock drop after reporting a significant revenue increase. The recent third fiscal quarter for Sony ended on December 31, 2019. Overall revenue in the quarter was up 3% over Q3 2018. However, net incom…..
The GeForce NOW cloud gaming service has been operating for several years. Today in a blog post, Nvidia announced GeForce Now is open for all and the service is officially launching. GeForce Now is launching as a $5 a month subscription service. This $5 price includes the first 3-months free and is good through 2020. There is also a free…..
Last week Nintendo announced its earnings for the nine months ending 12/31/2019. As expected Nintendo sales were strong. However, they were not strong enough to please investors who punished Nintendo stock. DFC Intelligence had forecasted a strong holiday season for the Nintendo Switch and it delivered. For the second half of 2019, Switch hardware sales were up 31% over 2018.&nb…..
In a press release Sony Interactive Entertainment announced that the cumulative PlayStation 4 game sales has reached 1.18 billion through the end of 2019. This is up from 924 million at the end of 2018. This announcement was an update from their previous estimate released earlier this month at CES. The figure released at the Sony CES press conference on January 7, 2020 was 1.15 billion through 2019 and 876 million through 2018. In other words, the software sales figur…..