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Friday, November 6, 2009

High Hopes for Tackling Terror

Yukari Iwatani Kane

Blowing away terrorists, apparently, never gets old.

The new videogame Call of Duty: Modern Warfare 2, set to hit stores Tuesday, is a sequel spawned by sequels. But rather than following the frequent pattern of franchises fading as they age, Modern Warfare 2 is the most highly anticipated game of the season.

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Tuesday, November 3, 2009

Big Expectations for the Next “Call of Duty”

Yukari Iwatani Kane

Activision Blizzard’s “Call of Duty: Modern Warfare 2,” a first-person-shooter videogame, is coming out Nov. 10, and anticipation is mounting.

Specialty retailer GameStop has been taking pre-orders since last April, much earlier than most games.

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Friday, August 14, 2009

GameStop: Bulls Loyal Despite Weak Video Game Sales

Eric Savitz

GameStop shares are showing impressive resiliency in the face of the fifth straight month of declining sales of video game hardware and software.

As I noted yesterday, July data from research firm NPD Group showed a 37 percent drop in video game hardware sales, and a 26 percent drop in console and handheld hardware sales. The report comes just days ahead of GameStop’s earnings report for its fiscal second quarter ended July, which is due before the open on Thursday, August 20.

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Monday, July 20, 2009

GameStop: Wedbush Chops Numbers on June Game Sales

Tiernan Ray

The threat from Best Buy and other retailers to GameStop’s video game sales is no joke, writes Wedbush Morgan analyst Michael Pachter in a note this morning in which he lowered estimates for GameStop.

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Monday, April 13, 2009

GameStop: Lending Games to Staff, Selling Them as New

Eric Savitz

GameStop is lending new copies of videogames to their retail store employees and later selling them as new, unused copies, the gamer blog Kotaku asserts. The post contends the practice may be a violation of federal trade laws.

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Thursday, March 5, 2009

GameStop Whacked; Amazon Enters Used Game Business

Eric Savitz

GameStop shares are getting clobbered today on news that Amazon.com is getting into the business of buying and selling used videogames–and so is Toys ’R Us.
Credit Suisse analyst Gary Balter explained in a research note today that one reason he has maintained an Outperform rating on GME shares is that the company has dominated the used videogame business; he notes that used games generate 44 percent of the retailer’s gross profits, nearly twice the segment’s sales contribution to the company.

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Tuesday, January 6, 2009

Used Game Prices Tank as the Market Rewards Big Hits

Ben Kuchera

It has become popular to say that the gaming industry has become recession-proof, simply because the overall sales for 2008 are up year over year…but those numbers only tell part of the story. Other sources are starting to report some troubling trends in gaming sales; not the least of which is the plummeting price of used games. These trends could lead to some troubling times for gaming in 2009.

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Thursday, August 21, 2008

GameStop Down 6 Percent Despite Upbeat Forecast; Same-Store Sales May Be Flat This Quarter

Tiernan Ray

Shares of video game retailer GameStop (GME) are coming under pressure after the company reported sales and profit this morning for the fiscal second quarter ending in July that were well clear of estimates and at the high end of its forecast; it raised its forecast, but nevertheless, may not be seeing the profit upside some expected.

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