xbox

Video games were seen as one of the biggest winners from the pandemic and the related stay-at-home orders around the world. New gaming figures and quarterly reports from Sony and Microsoft suggest strong growth could continue ahead. NPD data shows video game spending increased 30% year-over-year in...

Sony Group Corp.’s (NYSE: SONY) next-gen gaming console, the PlayStation 5, will launch in Mainland China on May 15 this year, Niko Partners analyst Daniel Ahmad said Wednesday. What Happened: Ahmad said on Twitter that the disc version of PlayStation will be priced at RMB 3,899 ($612)...

Technology giant Microsoft Corporation (NASDAQ: MSFT) reported fiscal third-quarter earnings after market close Tuesday. What Happened: Third-quarter revenue of $41.7 billion was up 19% year-over-year and beat Street estimates of $41 billion. Microsoft reported operating income of $17...

GameStop Corp. (NYSE: GME) has yet to show financial success in an industry that is rapidly shifting to digital and its current valuation “far exceeds our high fundamental expectations” but there are factors favoring the videogame retailer, according to analysts at Telsey Advisory...

GameStop Corporation (NYSE: GME) put on sale Tuesday the latest consoles from Sony Corporation (NYSE: SNE) and Microsoft Corporation (NASDAQ: MSFT) but soon exhausted the “very limited” stock. What Happened: Gaming Twitter account Wario64 gave out information to the online-only stock on...

Nintendo Co. Ltd (OTC: NTDOY) is planning to reveal a Switch console with a larger Samsung OLED display in 2021 in the hopes the move would boost holiday sales, Bloomberg reported Wednesday. What Happened: Samsung will begin mass production of the 7-inch, 720p-resolution OLED panels as early as...

One of the hottest games of 2020 is part of an acquisition announced Tuesday in the video game sector. What Happened: Epic Games, which is 40% owned by Tencent Holdings ADR (OTC: TCEHY), reported it is acquiring Tonic Games Group. The acquisition gives Epic Games ownership of the developer of...

Sony Corp.’s (NYSE: SNE) next-gen gaming console, the PlayStation5, is launching in China in the second quarter of this year, subsidiary Sony Interactive Entertainment’s officials confirmed Monday. What Happened: The news was first shared by Niko Partners analyst Daniel Ahmad on Twitter...

Sony Corporation (NYSE: SNE) shipped 4.5 million units of its PlayStation 5 consoles worldwide in 2020, according to the latest earnings report for the quarter ended Dec. 31. What Happened: Ahead of the launch of PlayStation 5 in November this year, the demand for the console’s predecessor...

Microsoft Corporation (NASDAQ: MSFT) CEO Satya Nadella said Tuesday at the company’s Q2 earnings conference call that its Xbox Game Pass service now has more than 18 million subscribers. What Happened: In September, the Game Pass service had 15 million subscribers. The latest figures...

Microsoft Corporation (NASDAQ: MSFT) reported second-quarter earnings after the stock hit a new all-time high on Tuesday. What Happened: Revenue increased 17% year-over-year to $43.1 billion for Microsoft, beating street consensus estimates of $40.2 billion. Net income increased 33% year-over-year...

Microsoft Corporation (NASDAQ: MSFT) issued an apology for hiking the price of its Xbox Live Gold subscription service and said it was reversing its decision. What Happened: The Redmond, Washington-based tech giant had last week announced a $1 price hike for a one month Gold membership and a $5...

The Xbox gaming console is the subject of a Bloomberg piece titled “Xbox: The oral history and an American video game empire” that explores Microsoft Corporation's (NASDAQ: MSFT) decision to get into gaming — and some failed acquisitions. What Happened: Before...

The gigantic sizes of Microsoft Corporation (NASDAQ: MSFT) and Sony Corporation’s (NYSE: SNE) video game consoles means putting them upright on a shelf is a challenge — but worry not Ikea has found a novel workaround.  What Happened: The Swedish lifestyle giant has placed mock...

Sony Corporation (NYSE: SNE) said its newest PlayStation 5 console would be available in India in early February. What Happened: Sony’s India unit announced on Twitter that the consoles can be pre-ordered beginning Jan. 12 at retailers such as Amazon.com, Inc (NASDAQ: AMZN), Walmart Inc (NYSE...