SAN FRANCISCO, Oct 6 (Reuters) – Zynga Inc’s
inexorable decline over the past six months, capped by a sharp
reduction in its 2012 outlook on Thursday, has sharpened
interest in what Chief Executive Mark Pincus will do next.
Wall Street’s excitement over a game publisher once counted
among the stars of the new social Internet has cooled since its
December initial public offering. On Friday, analysts slashed
their price targets on a stock that dived as much as 22 percent,
to $2.21 – more than three-quarters off its $10 debut.
SAN FRANCISCO (Reuters) – Zynga Inc slashed its 2012 outlook for a second time on the poor performance of its live Internet games and the writeoff of an acquisition, fanning doubts about its ability to halt a steep decline in earnings and sending its shares to a record low.
The social games maker — hailed a year ago as part of a new generation of hot consumer Internet companies — acknowledged on Thursday that it is still struggling to stem user flight from Facebook titles like “CityVille” and “FarmVille” that had once driven revenue growth.
SAN FRANCISCO (Reuters) – A decade ago, a developer from Korean gamemaker Nexon threw a few lines of code together to create an image of a flower to present to his girlfriend, buying himself more videogame time as she sat impatiently by his side at an Internet cafe.
And, so the industry legend goes, the “virtual good” was born. In the years since, digitally created items for games and social media – from beers on Facebook to weapons in role-playing worlds – have grown into a $15 billion globe-spanning business. They helped generate the likes of Zynga Inc and underpin a fast-expanding online-gaming industry.
NEW YORK/TOKYO (Reuters) – Nintendo Co’s “Wii U”, packed with innovative TV and video features, will hit U.S. store shelves on November 18 as it plays catch-up with Microsoft and Sony and aims to lure gamers back from the Internet and mobile devices.
The first Nintendo machine in 16 years will allow users to make personal TV and video programming lists and record shows through TiVo and other digital recording services.
NEW YORK/TOKYO (Reuters) – Nintendo Co’s Wii U will hit U.S. store shelves November 18 starting at just under $300, as the creator of Super Mario looks to regain the lead in gaming from Sony and Microsoft, and fend off tablet and smartphone makers led by Apple Inc.
The new version of the console that took the industry by storm six years ago comes with a built-in DVR that will allow users to watch and record live television like a cable set-top box.
SAN FRANCISCO (Reuters) – Activision Blizzard Inc raised its 2012 outlook on expectations that strong sales from recently launched fantasy-action game “Diablo III” will offset an exodus of users from its bread-and-butter “World of Warcraft” franchise.
Shares in the world’s largest publisher of video games, majority-owned by French media conglomerate Vivendi, slid 4 percent after it revealed it lost another million users from its signature online role-playing game.
SAN FRANCISCO (Reuters) – Gamestop Inc, a retail chain struggling to reverse slowing videogame sales growth, wants to accelerate its foray into accessories and eventually make everything from Web-browsing devices to bluetooth-enabled keyboards, its CEO said on Tuesday.
The U.S. company, which already makes and sells its own bluetooth-enabled gaming controller for Android tablets, intends to invest tens of millions of dollars a year in research and on its 200,000 square foot manufacturing-refurbishment facility in Texas and build competency in manufacturing, CEO Paul Raines told Reuters.
SAN FRANCISCO, July 31 (Reuters) – Electronic Arts Inc
, publisher of the “Battlefield” and “Star Wars” games,
stuck to a forecast for about 30 percent growth in fiscal 2013
earnings and announced a $500 million share buyback, helping to
prop up its shares.
The stock was trading at around $11.20 in after-hours trade,
from a close of $11.02 on the Nasdaq.
SAN FRANCISCO, July 13 (Reuters) – Google Inc’s
“Nexus 7″ tablet is off to an encouraging start, with major
retailers running out of the gadgets as the Internet company’s
first entry in an increasingly crowded market showed up in U.S.
stores on Friday.
GameStop said on Friday it had already run through
its first two allocations of the tablet, co-developed by Google
and Taiwan’s Asustek that starts at $199 and has drawn
glowing reviews from major gadget reviewers.
There won’t be birds, eggs and green pigs but Rovio is all set to release its next new franchise after a hugely successful run with “Angry Birds.” “Amazing Alex,” a physics-themed puzzle game, is coming to iOS and Android devices July 12.
The trailer released by Rovio shows a little blonde boy experimenting with a Rube Goldberg-like machine. The game will have 100 levels and players can build their own.