How the video games industry is faring
Friday, April 20, 2012
A look at results from selected companies in the video games business:
April 12: Market tracker NPD Group says U.S. retail sales of video game hardware, software and accessories fell 25 percent in March from a year earlier to $1.1 billion. It marked the fourth month of decline as Sony Corp.’s new PS Vita handheld failed to spark a turnaround. Electronic Arts Inc.’s “Mass Effect 3” was the top seller in the month.
Wednesday: Video game maker THQ Inc. says its expects adjusted loss and revenue in the latest quarter will come in above Wall Street’s expectations because of better-than-expected digital sales and strong sales of “Saints Row: The Third” and “UFC Undisputed 3.”
Thursday: Microsoft Corp. says revenue from Xbox 360 products and services fell 33 percent. Although it got more revenue from its Xbox Live subscription service, it sold about half the Xbox 360 consoles it did a year ago and fewer stand-alone Kinect motion-control sensors.
April 26: Nintendo Co.
May 9: Activision Blizzard Inc.
May 10: Sony Corp.
May 15: THQ Inc. (quarterly earnings)
Not yet known: GameStop Corp., Electronic Arts Inc., Take-Two Interactive Software Inc.