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Loss turns to profit at Activision

In news that has exceeded expectations, publisher Activision Blizzard has revealed that it made a profit of $15m in the last financial quarter – a huge improvement on the $108m loss seen in the same period the year before. Net revenues for the quarter ending September 30th hit $703m – …

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Profits and revenues fall at Microsoft

Windows and Xbox platform holder Microsoft has reported its results for the first quarter of its 2010-2011 financial year, revealing falls in revenue and income for the three months ending September 30th. However, there was good news for the company’s Entertainment and Devices Division, which saw yet another year of …

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Further decline in UK economy

The British economy contracted by 0.8 per cent in the last quarter – more than double the figure predicted by analysts. According to the BBC, these figures increase the annual rate of decline to 5.6 per cent, which represents the biggest fall since when records began in 1955. There’s more …

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NCsoft income rockets 315%

MMO publisher NCsoft has banished the memories of a financially challenging 2008 with an impressive start to 2009 – net income for the quarter ending March 31st was up 315 per cent year-on-year, reaching $27m. Operating income jumped 128 per cent at $34.3m, whilst sales hit $107.7 per cent – …

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Microsoft suffers first ever quarterly drop

Global software and hardware company Microsoft has suffered its first quarterly drop in revenues and sales in its 23 years as a public company, though its Xbox operations remained one of strongest parts of the business. Revenues for the quarter ending March 31st were down six per cent on the …

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PlayStation sales drop 32%

Sony has posted some grim numbers for its gaming division for the three months ending December 31st 2008 that show falling sales for all three of its current PlayStation consoles. Sales at its games division hit YEN 393.8bn, down 32.2 per cent on the same period in 2007. Unit sales …

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Xbox celebrates profitable year as 360 hardware sales rise

Microsoft’s Entertainment and Devices Division, which includes its Xbox 360 and Zune operations, has announced its first full year of profitable operations, with the fiscal year ending June 30th ’08 bringing $426 million in profit. This compares to the $1.9 billion loss the Division suffered in the previous fiscal year. …

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