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iPad sales slump, although iPhone growth continues

While Apple’s iPhone continues to grow its sales, its iPad tablets are failing to do the same. The firm sold 16.4m iPads during Q2 2014, compared to 20m sales in Q2 2013. iPhone sales during the quarter hit 43.7 million – an increase of over five million compared to the …

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Stock falls 11% as King IPO is go

King’s high-profile IPO has got off to a stumbling start. Shares in the Candy Crush Maker went live this morning but have since fallen in value by over 11 per cent (at the time of writing), tumbling from the $22.50 price set at the start of play to below $20. …

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Operating income tumbles after quiet quarter for Capcom

A lack of new releases saw Capcom post a 72.9 per cent decrease in operating income for the quarter ending June 2013. Net sales fell 6.2 per cent to 17,457m. Net income was down 37.3 per cent at 828m. Resident Evil Revelations basically achieved projected units” according to Capcom while …

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Q1 sales down 6.7% at GameStop

Global games retailer GameStop has reported a like-for-like annual sales decrease of 6.7 per cent for the quarter ending May 4th 2013. Gross profit fell from $599.9m last year to $578.3m. Operating earnings fell from $115m to $87.2m. Net earnings fell from $72.5m to $54.6m. New software sales fell 3.8 …

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PlayStation sales down 15.1% as Sony lowers handheld sales forecasts once again

Sales in Sony’s games division fell 15.1 per cent in the quarter ending December 31st, although overall Sony has enjoyed somewhat of a reversal of fortune. Games sales hit 268.5bn, hit by decreased sales of PS3 and PSP. Operating revenue fell by 29.2bn year-on-year to 4.6bn. Combined PS3 and PS2 …

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Apple shares fall to 11 month low

News of a decline in demand for iPhone has seen Apple’s share price fall to its lowest point in nearly a year. Apple’s share price fell 3.6 per cent to $501.75 yesterday – a 28 per cent fall since its September 2012 high. Bloomberg reports that Apple has ordered just …

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Nintendo shares fall following E3 presentation

The Japanese stock market has reacted badly to Nintendo’s E3 presentation, with stock in the company falling 2.68 per cent since trading opened today. Nintendo’s conference has been widely criticised by the consumer press, with nearly all lamenting the lack of new games announcements – headline-worthy reveals were expected with …

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Sony shares fall to 31-year low in Japan

Sony Corporation’s share price has fallen to its lowest position in a generation in both Japan and the United States. One day after Sony reported a 3.5bn loss for the financial year, Sony’s shares on the Tokyo Stock exchange hit a 31-year low, while its price on the New York …

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GameStop sales fall but chain ‘outperforms market’

Same-store sales at US retailer GameStop dropped 12.5 per cent year-on-year. These include sales at stores which have been open for at least one year, and exclude revenue generated at newer shops. The games chain blamed the decline on a lower demand for new games, but said it had outperformed …

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Legal concerns decimate DeNA and Gree share price

Japan’s Consumer Affairs Agency has announced an investigation into how social games firms sell their microtransactions in Japan, causing shares in the country’s two major players to nosedive. Nikkei.com reports that shares in both DeNA and Gree – the two major players in Japan’s social gaming scene – plunged to …

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