News tagged with game console

Nintendo posts first annual loss

Japanese videogame giant Nintendo on Thursday posted its first annual loss since becoming a public company, blaming a soaring yen and price cuts on its consoles for sinking it $530 million into the red.

dateApr 26, 2012 in Business
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Sony to axe 10,000 jobs worldwide: report

Sony will cut 10,000 jobs worldwide this year as it attempts to carry out sweeping reforms aimed at reviving the iconic but loss-making Japanese electronics giant, the Nikkei business daily said Monday.

dateApr 09, 2012 in Business
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US video game sales drop 21 percent in December

(AP) -- U.S. retail sales of video game hardware, software and accessories fell 21 percent in December from a year ago to $3.99 billion as players bought fewer games for their aging consoles, according to market researcher ...

dateJan 13, 2012 in Business
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GameStop holiday sales nearly flat at $3.02B

(AP) -- Video game retailer GameStop Corp. on Monday reported nearly flat sales for the nine-week holiday period that ended on Dec. 31, as game software sales rose but sales of game consoles and other hardware slid.

dateJan 09, 2012 in Business
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Sony's Stringer 'to step down' as president

Howard Stringer, the Welsh-born American head of Japanese games, music and electronics giant Sony, is to step down as the firm's president, reports said Saturday, while remaining CEO and chairman.

dateJan 07, 2012 in Business
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South Korean execs plead guilty to price-fixing

Three South Korean executives have pleaded guilty to rigging bids and fixing prices of optical disk drives and agreed to serve prison terms in the United States, the Justice Department said Tuesday.

dateDec 13, 2011 in Business
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