Concerns voiced about 2008 release slate; GameStop shares downgraded
Just days after a stronger-than-expected sales report for March, a Goldman Sachs analyst says it's likely that video-game sales have peaked, setting up difficult comparisons for the sector and, potentially, making stock-price appreciation problematic.
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.
Higgonbottom lulz!
Yeah okay. I don't game sales have peaked. Not on the eve of major blockbuster from both the 360 and PS3. Come back next year with that nonsense.
Sure ..GTA4 has yet to be released
Wii Fit for the Wii....
MGS4
not to mention that the big exclusives of the fall aren't here yet..
RFOM2 + GeOW2 + KZ2 possibly
Although this is also a good year for gaming, I think that to beat last year we will need a number of good hits on the size of Halo, CoD and GTA series. I don't see any coming this year after GTA.
The casual gaming market is probably just bounce along as Wii demand is being met. So what other catalyst do we have to top last years sales?
This is not about what great game is coming out for gamers, but what will get people to buy a lot of games on the same scale as last year? it is all about the sales. I'm certianly excited about Ninja Gaiden 2, Gears of War 2, C&C Tiberium and maybe Metal Gear Solid 4....
fastest growing industry