Analyst slams Take-Two for "heavy reliance on retail"

Take-Two needs to adapt its strategy to lessen its reliance on High Street retail, one analyst has claimed. The publisher will this week likely announce that it has shipped an eye-watering 21.5m copies of Grand Theft Auto V, with revenue ahead of forecasts. Yet despite this, VG247 quotes HIS Electronics …

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Apple posts first earnings decline in 11 years

For the first time in 11 years Apple has posted an annual decline in earnings. Profits for its most recent financial year came in at $37bn, down from $42bn the year before. Revenue for the year hit $171bn, up from last year’s $157bn. Despite this, fourth quarter profit was ahead …

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Microsoft dismisses Xbox One OS concerns

Rumours doing the rounds about development difficulties with the Xbox One’s operating system are untrue, according to Microsoft. As well as a rush of whispers and gossip regarding alleged resolution disparities between third party titles on PS4 and Xbox One, there has been a developing narrative claiming that bugs in …

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