Game industry business news

Recession? What recession? Apple posts record earnings

The High Street might be in tatters as the world’s governments wallow in spiralling pits of debt and despair, but it’s all parties and barbeques and women and jager bombs at Apple HQ in California. The tech giant has just posted record profits for the quarter ending December 31st, driven …

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New Xbox "6x as powerful as Xbox 360"

The successor to the Xbox 360 will be six times as powerful as the current machine, fresh reports suggest. IGN claims to have word from sources close to the project” that its GPU architecture will be based on the existing Radeon HD 6670 card. That card, which was launched in …

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UK toy industry worth £2.96bn

Market statistics show the UK’s toy industry generated sales worth a total of 2.96 billion in 2011. The figures were released by research firm the NPD Group at this morning’s Toy Fair, and also showed a three per cent year-on-year increase in the industry’s value. By contrast, the UK’s video …

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UKIE: Digital Chart coming February

Industry body UKIE has announced a digital chart for PC games will be published next month, two years after it began the project. It’s the first measure of downloadable video game sales and UKIE says it will be continually improved in the months ahead. The basic PC chart – which …

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NI closures ‘part of the plan’ – GameStop

GameStop says the closure of its Northern Ireland stores is merely part of its already announced plan to exit the UK brick and mortar market. GameStop Group’s commercial director Michael Finucane, who oversees the business in the UK and Ireland, this morning told MCV that shutting three stores this week …

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Kristan Reed heads up Pocket Gamer

Steel Media has announced that Kristan Reed has taken on the role of editor-in-chief for Pocket Gamer. Reed has ore than a decade of experience in video games journalism, having started back in 1999 on Computer Trade Weekly, the precursor to MCV. He was also editorial director at Eurogamer, before …

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ToyNews debuts Kinect Pixar Rush at Toy Fair

MCV’s sister magazine has taken an innovative new game into the heartland of the toy industry: huge London trade show Toy Fair. The ToyNews stand at the event is showing Microsoft’s Xbox Kinect software at the stand – and scored the first UK showing of Kinect Rush: A Disney Pixar …

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Microsoft Points to be phased out?

Microsoft is to phase out its virtual currency system by the end of the year, according to reports. Inside Mobile Appsreports the console giant will be ditching Microsoft points from Xbox Live, Windows Phone and Zune marketplace.Virtual currency will be replaced by real money transactions based on regional pricing, bringing …

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