How the video games industry is faring

AP News
|
Posted: Jul 26, 2012 10:31 AM
How the video games industry is faring

Last week, Microsoft became the first major video game company to report earnings for the most recent quarter. Microsoft's results cover the April-June period, though many companies in the industry have fiscal quarters that depart from that.

Here's a look at reports and results for selected companies that make or sell video games.

— July 12: NPD Group reports that U.S. retail sales of video game hardware, software and accessories fell 29 percent in June to $700 million. It's the seventh consecutive month of decline. Sales of console and portable software — the video games themselves — fell 29 percent from a year earlier, while sales of hardware fell 45 percent. Sales of accessories grew 4 percent. Excluded are sales of used games and rentals as well as digital and social-network spending.

— July 19: Microsoft Corp. says it sold 1.1 million Xbox 360 consoles, down from 1.7 million a year earlier, in what it calls a soft console market. Membership in its Xbox Live service increased more than 15 percent.

— Wednesday: Nintendo Co. says it sold 710,000 Wii units in the April-June quarter, down from 1.56 million a year ago. Nintendo is coming out with a successor, the Wii U, this year. It is forecasting 10.5 million units for the full fiscal year, which ends in March 2013.

Coming up:

— July 31: Electronic Arts Inc., Take-Two Interactive Software Inc.

— Aug. 2: Sony Corp., Activision Blizzard Inc.

— Aug. 6: THQ Inc.