How the video games industry is faring

Sep 2
15:54

2012

Ramyasadasivam

Ramyasadasivam

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Companies in the video games business have been reporting earnings for the most recent quarter.

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 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,How the video games industry is faring Articles 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. The top-selling game was "Lego Batman 2: DC Super Heroes," from Time Warner Inc.'s Warner Bros. Interactive.

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- 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.

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- July 25: 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.

- July 31: Video game publisher Electronic Arts Inc. reports a wider net loss and lower revenue in its latest quarter, but results are largely in line with expectations. It also announces a stock buyback of up to $500 million.

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