NINTENDO

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Painful Wii price cut keeps Nintendo in the game

Games maker Nintendo showed greater than expected resilience in its battle for market share last quarter thanks in part to a 20 percent price cut on its Wii product that sliced into profits.

Nintendo Q3 profit down 23 pct

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Nintendo Co Ltd posted a 23 percent fall in quarterly profit as software sales for its DS handheld game player slowed and it cut the price of its Wii console, keeping its forecast for the first annual profit decline in four years.

Nintendo 9-mth profit down 41 pct, keeps outlook

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Nintendo Co Ltd posted a 41 percent fall in nine-month profit as sales of its DS handheld game player slowed and it cut the price of its Wii console, and the company kept a forecast for a first annual profit slide in four years.
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U.S. video game sales up 4 percent in December: NPD

Sales of video game equipment and software in the United States rose 4 percent in December to a record $5.5 billion, research group NPD said on Thursday, as the industry closed out a difficult year on an upbeat note.
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October U.S. video game sales down 19 percent: NPD

Sales of video game equipment and software in the United States tumbled 19 percent in October to $1.07 billion, research group NPD said on Thursday, troubling figures as the industry heads into the most important selling weeks of the year.
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Sony posts 4th straight quarter loss

Sony Corp posted a loss for the fourth consecutive quarter, hit by sluggish cellphone sales and as it cut prices of its PlayStation 3 game gear, but trimmed its full year loss forecast close to market expectations.
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Nintendo cuts forecast as Wii loses sparkle

Nintendo Co Ltd reported a 52 percent slide in quarterly profit on Thursday and slashed its full-year earnings forecast, as its Wii console loses its place as the videogame platform to beat.
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Daily Wrap Up - Sept. 24 Tech

Research In Motion Ltd. Reported a drop of 4 percent in its second quarter earnings as a legal settlement charge offset strong sales of the company's popular line of BlackBerry devices.
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Nintendo to cut Wii price by 20 percent

Nintendo Co Ltd will cut the price of its popular Wii video game console by 20 percent, responding to similar cuts by rivals Sony Corp and Microsoft Corp aimed at kick-starting demand.
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Nintendo to cut Wii price by 20 percent to $200

Nintendo Co Ltd, the top maker of the current generation of video game consoles, said on Wednesday it will cut the price of its Wii video game console by $50 to $199.99, starting Sunday.
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Grand Theft Auto game heading to iPhone

After announcing the game's release for Sony's PSP in October, Rockstar Games revealed Monday that they'll be taking it to the iPhone and iPod Touch as well.
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New technology key to gaming sector in downturn

Luring new audiences by moving away from traditional gaming consoles is more crucial than ever as the downturn curbs consumer spending in a sector once seen as recession-proof, analysts and executives said.
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Rock Band unveils 19 songs for new Beatles game

A list of 19 songs by The Beatles including classics Lucy in the Sky with Diamonds and A Hard Day's Night for a new Rock Band video game were revealed on Tuesday, leaving only one mystery title remaining.
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Sony, Sharp post losses, Nintendo loses steam

Sony and Sharp's third straight quarters of losses underscore the challenges they face in flat TV market as they struggle to compete with Samsung Electronics and other South Korean rivals benefiting from a weaker won.

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