Kotaku- The news dropped in August, but today Nintendo Power magazine, which has run since 1988, officially closed its doors.
Microsoft just posted the third quarter of its 2024 fiscal financial results. The software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3. Revenue is up 17 percent, and net income has increased by 20 percent.
Xbox content + services up 62% while hardware down 31%... seems about right with the way they tout you don't need the hardware to play. People can play on their phones or smart tv or other means. I don't hardly play on my consoles directly since getting devices like the logitech g-cloud and ps portal. Which is to also say I have been playing more digital than physical because of these devices.
Too expensive hardware when others offer the same or more for less? Good work, Green Team.
"Despite some early successes for Xbox games on rival platforms, Xbox hardware is down by a massive 31 percent this quarter."
"Without Activision Blizzard, Microsoft’s overall gaming revenue would have actually declined this quarter."
"Xbox content and services would have only been up a single percent without Activision Blizzard..."
"It looks like next quarter is going to be a similar story for gaming at Microsoft, too."
That is crazy... so A/B/K is carrying the whole Xbox gaming.
Oh and Microsoft will be fine. Windows, Office and Cloud are growing with each pc purchase.
As of right now, there are no monopolies in the games industry, and for the sake of the medium as a whole, they never should either.
And yet the biggest tech companies in America are essentially that. They buy up all the small comps only to kill them off and steal what they have, and if they can't buy em they bleed them to death.
They buy IPs not talent. That's why these buyouts never work and the IPs die. Right now it's too expensive to develop games - but I expect that to shift maybe as AI tools can make it easier. The best games have been indie games for awhile as big developers fuck their ips to death with "games as a service" -
INDIE Live Expo, Japan’s premiere online digital showcase series , will debut never-before-seen games & content updates across more than 100 titles on May 25th.
Nintendo Power. Gone but not forgotten, in the digital age you will live forever.
Somewhere in a box there lies my first ever nintendo power. When i come to pass, Im sure my kids will find it and probably toss it out because they wont know what a magazine is.
So sad, but like a good friend...never forgotten. :)
This is so sad..
This makes me sad. I'm not a fanboy but I'd be lying if I said I didn't favor Nintendo over everything else. I grew up with, and never let me down. I don't like the idea of magazines closing. I mean, I don't want everything to go digital. There's something to re-reading issues of yesteryear too. I like physical video game magazines as well as online/mobile digital content. I don't see why they closed the magazine. It's disappointing.
Tis a sad sad day. I remember getting this magazine ever since I was a little kid. My subscription started at issue 19. I have every issue downstairs.
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