How the video games industry is faring

AP News
Posted: Oct 26, 2012 2:27 PM
How the video games industry is faring

Companies in the video games industry have begun releasing their earnings reports for the latest quarter. Here's a look at selected companies that make or sell video games or machines.

— Oct. 18: Microsoft Corp. says Xbox 360 platform revenue fell 24 percent, or $418 million, mostly because of fewer consoles sold and lower revenue from video games software. The year-ago quarter saw the release of "Gears of War 3," with no comparable major releases in the just-ended quarter. That was offset partly by higher revenue from its Xbox Live subscription service.

— Wednesday: Nintendo Co. says it narrowed its losses in the six months through September, but the Japanese game maker lowered its sales and profit forecasts for the full year ahead of the launch of its new Wii U home console.

— Friday: GameStop Corp. says it plans to open about 80 holiday stores aimed at younger kids. The stores will feature video games, accessories and licensed products for younger kids. This includes Activision's "Skylanders," as well as "Angry Birds" toys and mugs and the Lego series of video games.

Coming up:

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

— Thursday: Sony Corp.

— Nov. 5: THQ Inc.

— Nov. 7: Activision Blizzard Inc.