Feeds
The video game industry continued to defy the recession in February, posting double-digit year-over-year growth with Nintendo Co.'s popular Wii gaming system leading the way.
Nintendo Co.'s profit for the fiscal first quarter surged 34 percent as sales of its hit Wii console shot up, underlining the success of the video game unit in attracting novice players.
Nintendo Co.'s net profit surged 47.7 percent to a record high, powered by strong sales of software and accessories for its popular Wii video game console and brisk sales of its DS handheld devices.
Fueled by the success of Nintendo Co.'s Wii and Microsoft's "Halo 3," more video games were sold in the U.S. in 2007 than in any other year, with retail sales hitting $17.94 billion, according to the NPD Group.
Masaya Igarashi wants $200 headphones for his new iPod Touch, and he's torn between Nintendo Co.'s Wii and Sony's PlayStation 3 game consoles. When he has saved up again, he plans to splurge on a digital camera or flat-screen TV. There's one conspicuous omission from the college student's shopping list: a new computer.
When Will Nickelson and his daughter want to spend some quality time together, they fire up Nintendo Co.'s Wii and play a few rounds of "Wii Sports" or "Mario Party 8."
Booming sales of the popular Wii and DS game machines lifted Nintendo Co.'s earnings 77 percent for the latest fiscal year, showing that the Japanese maker is holding its own against bigger rivals Sony and Microsoft.
Video game developers should resist the temptation to produce only sequels of established hits and games based on horror and revenge, Nintendo Co.'s top designer said Thursday.
The game-console war is officially under way with the sold-out launches of Sony's PlayStation 3 and Nintendo's Wii, but there are still a lot of battles to fight — and dragons to slay.
Nintendo Co.'s entry into the game console wars, the Wii, went on sale Sunday, and quickly sold out in many stores despite stocks that far surpassed those of the rival PlayStation 3, which went on sale two days earlier.
IBM Corp. said it has shipped the first microprocessors that will be used to power Nintendo Co.'s upcoming Wii video game console.
Log In | Register
