MCV/DEVELOP News, events, research and jobs from the games industry
JP Morgan analyst Doug Anmuth has effectively labelled social gaming firm Zynga as worthless”. That is to say that its share value has now fallen so low – $2.35 per share, in fact – that it is no longer worth as much as its securities, which combined represent value of …
Read More »Free games now account for half of the European games market
New data from Ipsos Media CT and ISFE suggests that free-to-play games accounted for half of the European games market in the last 12 months. By half of the market, that means that F2P accounted for around 50 per cent of titles acquired in the period. It also claims that …
Read More »FIFA 13’s PS3/Vita dream will have to wait
It was the first conversation we had as soon as FIFA for Vita was announced. You’ve had a late night taking your Manager Mode team to the brink of league glory. Your rush down your breakfast, sync your Vita with your PS3, hop off to work and claim a glorious …
Read More »Zynga share dealings face legal investigation
Lawyers have announced an investigation into Zynga’s share dealings. The company suffered an astonishing 40 per cent drop in its share price following its disappointing recent financials that revealed a $22.8m loss for its fiscal Q2. However, people have asked questions about a flash stock sale around two months prior …
Read More »Android grabs smartphone majority in key markets
For the first time ever, Android has accounted for over half of the overall smartphone sales in key global markets over a 12 week period. Kantar Worldpanel ComTech says that Android’s OS accounted for over 50 per cent of the sector in Britain, Germany, France, Italy, Spain, US and Australia. …
Read More »Digital predicted to account for 66% of market by 2017
A new report from DFC Intelligence predicts that digitally distributed games will account for 66 per cent of total overall games revenue by 2017. It also predicts a significant expansion in the overall games software market, which it believes will grow from $52m now to $70bn in five years. Interestingly, …
Read More »Nintendo shares fall following E3 presentation
The Japanese stock market has reacted badly to Nintendo’s E3 presentation, with stock in the company falling 2.68 per cent since trading opened today. Nintendo’s conference has been widely criticised by the consumer press, with nearly all lamenting the lack of new games announcements – headline-worthy reveals were expected with …
Read More »NPD: UK’s Q4 used games market was £90m
British gamers spent nearly 100m on pre-owned software during Q4 2011. According to NPD data shared with MCV, $141.9m (90m) went on used game purchases during Christmas. That’s just ten per cent of the 780m GfK Chart-Track reports was spent on new boxed video games in the same period. The …
Read More »Sony shares fall to 31-year low in Japan
Sony Corporation’s share price has fallen to its lowest position in a generation in both Japan and the United States. One day after Sony reported a 3.5bn loss for the financial year, Sony’s shares on the Tokyo Stock exchange hit a 31-year low, while its price on the New York …
Read More »Legal concerns decimate DeNA and Gree share price
Japan’s Consumer Affairs Agency has announced an investigation into how social games firms sell their microtransactions in Japan, causing shares in the country’s two major players to nosedive. Nikkei.com reports that shares in both DeNA and Gree – the two major players in Japan’s social gaming scene – plunged to …
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