Despite the onslaught of desirable, highly anticipated titles, week after week this fall, GameStop's sales are "lower than expected," the dominant games retailer told investors, simply because there were too many good games out there for customers to buy, especially in a poor economy.
The New York Times took a first look at holiday sales and, while finding that it didn't suck as bad as last year for retailers, found someone to remind us that stores aren't the only ones deserving of concern.
Activision Blizzard reported another quarter of growth today but announced it expects to make $250 million less in 2009 than originally forecast.
What does a company like Activision Blizzard do when sitting on $3 billion in cash with no debt while many gaming companies flounder in the face of an economic recession? They go shopping.
A spike in gas prices followed by the deepening recession has led to all-time highs in pawn profits, the Chicago Tribune reports. Chief among the items sold? Video game consoles.
Microsoft is cutting 1,400 jobs today and another 3,600 over the next 18 months in the wake of today's news of a 11 percent drop in fiscal second-quarter net income, the company announced today.
Financial publication Forbes takes a look at some of the things people are still willing to spend money on in the face of the recession, and of course, our favorite hobby makes the cut.
GameDaily reports that Michael Klotz, senior account manager at the NPD Group, says the video games industry is already feeling the effects of the recession.
Despite revenue of $7.5 billion in December, Best Buy still saw a drop in video game sales.
GameStop stands proudly in the snow, one foot atop the neatly decapitated recession monster as it proudly proclaims its triumph over the failing economy, with holiday sales up 22% over last year.
Midway landed a stay of execution late Monday night, getting their debt holders to hold off on collecting until February, Business Week reports.
Not sure if you've noticed, but the economy's in the toilet. Even the supposed "recession-proof" video game industry is feeling the pinch, with publishers slashing prices even on best-selling titles. Could last-gen pricing return?
Attempting to get his state's economy under control in the face of the recession, New York Governor David Paterson has proposed a budget that includes taxes on downloable content, including music, movies, and games.
Sooner or later someone is going to have to give us a definitive answer in the "will gaming survive the recession" debate. This week, 'analysts' reckon that the answer for casual gaming is 'maybe not'.
Microsoft may not be looking at further price cuts for their console as the country tip-toes through this recession, but they're looking at ways to make their console attractive to thrift-minded families.
Yesterday's announcement that things aren't so rosy at Electronic Arts seems to have hit the publisher's stock below the belt.