NEW YORK (Reuters) – Electronic Arts Inc (ERTS.O: Quote, Profile, Research) expects to cut its slate of video game titles by as much as 40 percent next year as the company continues to invest heavily in its small but fast-growing digital and online businesses.
EA is making a big bet on mobile and Internet-based games, as sales of traditional packaged titles — which generate about 75 percent of EA’s revenue — continue to slump across the industry.
Sprinkled among the snaking lines of parents at a Toys R Us in New Jersey on Black Friday were diehard gamers. Many had no children to spoil. Nor were they particularly happy to be in the Toys R Us; but with gaming hardware fast selling out across the region, they followed the scent of the deal.
The Kinect moved especially fast, if early anecdotal evidence is any measure. Brisk sales of hardware like the PlayStation3, Xbox and Microsoft Kinect on the nation’s biggest annual shopping spree also bode well for software sales, says Mike Hickey, a Janco Partners analyst.
/MILWAUKEE (Reuters) – U.S. shoppers searched for deals on high-definition televisions and popular toys early on Friday, as retailers hoped that “Black Friday” would kick off the best holiday shopping season in three years.
While some stores were open on Thursday and many retailers have offered “Black Friday” deals for weeks, shoppers still lined up late Thursday and early Friday for the annual day-after-Thanksgiving bargain hunt.
NEW YORK, Nov 23 (Reuters) – Digital video recorder maker
TiVo Inc (TIVO.O: Quote, Profile, Research, Stock Buzz) reported a wider quarterly loss as sales fell
and it spent more on legal fees and research and development.
TiVo shares were down 3.3 percent in after-hours trading.
The company posted a third-quarter net loss of $20.6
million, or 18 cents a share, compared with a loss of $6.4
million, or 6 cents a share, a year earlier.
NEW YORK (Reuters) – Acer Inc, the world’s No. 2 PC manufacturer, unveiled a range of tablet computers to help it compete with Apple Inc’s iPad, wading into the fast-growing market.
The tablet computer market is becoming crowded as more companies produce the new devices, which fall between traditional PCs and smartphones.
NEW YORK, Nov 23 (Reuters) – Acer Inc (2353.TW: Quote, Profile, Research, Stock Buzz), the world’s
No. 2 PC manufacturer, unveiled a range of tablet computers to
help it compete with Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) iPad, wading into the
The tablet computer market is becoming crowded as more
companies produce the new devices, which fall between traditional
PCs and smartphones.
NEW YORK (Reuters) – Shares of THQ Inc (THQI.O: Quote, Profile, Research, Stock Buzz), known for video game franchises such as “WWE SmackDown vs Raw,” jumped more than 8 percent on buzz around its new drawing tablet that can be used for art and games like Pictionary on Nintendo Co Ltd’s (7974.OS: Quote, Profile, Research, Stock Buzz) Wii.
“Investors are thinking that Black Friday will be big for that product,” said Sterne Agee analyst Arvind Bhatia.
NEW YORK (Reuters) – Netflix Inc said it will offer its first unlimited streaming-only subscription plan in the United States for $7.99 a month, and raise prices of its popular unlimited streaming and unlimited DVD plans by a dollar — eventually shifting away from its mail business.
Netflix shares rose 7 percent to $184.71 in morning trading following the announcement.
Fans of Howard Stern hoping to hear whether the shock jock will stay at Sirius XM might be disappointed if they tune into his channels, Howard 100 and Howard 101 Thursday afternoon. The Internet was atwitter after a web report said Stern was set to announce where he was taking his talents once his $500 million contract expires this year.
But Sirius XM denies that there will be any announcement. In fact spokesman Patrick Reilly said TheStreet.com misunderstood CFO David Frear’s comments, during an investor conference, about Stern’s future.
NEW YORK (Reuters) – Sam Evans is no weekend hacker.
As a member of a half-dozen exclusive golf courses, SAC Capital Advisors’ unofficial golf pro probably does not have a hard time scheduling his tee times.
And a review of the last 20 scores Evans reported this season to a popular U.S. website used by some 2 million amateur golfers reveals he’s a pretty fair player.