Casual gaming can "thrive" from recession

Some of the biggest names in the casual games sector have told MCV’s sister site CasualGaming.biz that the casual games sector can not just survive the global recession, but actually benefit from it – though some aspects of the business may struggle to cope amidst the downturn. CasualGaming.biz spoke to …

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US: IBM lays off over 4,000 workers

IBM has become the latest in a line of technology companies being forced to lay off its employees by the credit crunch – but it is refusing to reveal how many have been made redundant. The company has reportedly laid off over 4,000 workers during the past week across its …

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Nintendo Xmas sales up 17%

The strength of the YEN has caused Nintendo to cut its operating income forecasts by 15.9 per cent. The news comes as Nintendo reports its Q3 financial results for the three months to the end of 2008, which saw net sales increase by 17 per cent to reach 1.5 trillion …

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15 more Zavvi stores axed

The joint Administrators of Zavvi UK have today announced the immediate closure of a further 15 stores. The closures will lead to the redundancy of 295 employees, bringing the total number of jobs lost since the firm went into administration to 889. Administrator Ernst & Young closed 18 stores on …

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PlayStation sales drop 32%

Sony has posted some grim numbers for its gaming division for the three months ending December 31st 2008 that show falling sales for all three of its current PlayStation consoles. Sales at its games division hit YEN 393.8bn, down 32.2 per cent on the same period in 2007. Unit sales …

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