MCV/DEVELOP News, events, research and jobs from the games industry
Shares in tech giant Apple have slid 20 per cent since the launch of the iPhone 5 in September. That represents a loss in value of over 80bn, with shares reaching a five-month low during yesterday’s trading. It is currently worth in the region of $530bn. Apple’s share price hit …
Read More »UK games retail down 40% in June
2.1m games were sold at retail last month – a drop of more than 40 per cent compared with June 2011. In total, stores generated 48.4m from software sales throughout June, down 38.2 per cent from the 78.4m made during the same period last year. The biggest new release of …
Read More »GTA V won’t be enough to save 2012 retail market
We still don’t know if Grand Theft Auto V will make it to retail in time for Christmas, but even Rockstar’s mammoth IP is unlikely to prevent a year of decline in the traditional markets. Venturebeat reports that analysts predict the release of the game could generate in the region …
Read More »GameStop posts 12.5% like-for-like Q1 decline
That it outperformed the market” will likely not completely appease GameStop’s shareholders after the company reported a 12.5 per cent decline in like-for-like sales for its fiscal Q1. Total global sales fell $280k to 2bn. Net earnings for the quarter fell slightly to $72.5m. Pre-owned sales suffered a slight decline, …
Read More »2m games sold in UK during quiet April
TheUK games retail market was down a third in a tough April for the trade. Retailers made 45.8m from software sales last month, a 34.1 per centdrop over the same period last year. Just over 2m games were sold at UKretail, a year-on-year decline of 33.2 per cent. However, there …
Read More »What’s driving the decline in games advertising?
The games and consoles TV advertising market is at a five-year low.This market consists of six key sectors, and we’re going to look at which are responsible for the decline. The bars in the chart (below) represent the year-on-year percentage change in TV activity. The squares demonstrate the relative contribution …
Read More »Xbox 360 sales fall by 50% in Q1
Such has been the fantastic and ongoing success of Xbox 360 in the last few years that the industry can’t help but be worried when the market leader posts such disappointing numbers. Microsoft has reported that total Xbox 360 hardware sales hit 1.4m units shipped for the quarter ending March …
Read More »Tesco posts first UK profit decline for 20 years
It may be the biggest and most important retailer in the UK, but supermarket giant Tesco has posted its first fall in UK profits for 20 years. Profits at its UK arm fell one per cent to 2.5bn for the year ending February 25th. UK sales fell 1.2 per cent …
Read More »Argos sales decline 8.5%
Home Retail Group has revealed that its Argos chain suffered an 8.5 per cent decline in like-for-like sales for the eight weeks ending March 3rd. Overall sales fell 7.7 per cent to 480m. The numbers were apparently driven by the continued weakness in the consumer electronics market”. 12 stores were …
Read More »Now US reports drastic video game market falls in February
The latest numbers from sales tracker NPD show that the US video games market suffered a 20 per cent year-on-year decline to $1.06bn in February. The news comes after MCV revealed yesterday that the UK market suffered a 29 per cent decline last month. Back in the US, software suffered …
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