MCV/DEVELOP News, events, research and jobs from the games industry
News of a decline in demand for iPhone has seen Apple’s share price fall to its lowest point in nearly a year. Apple’s share price fell 3.6 per cent to $501.75 yesterday – a 28 per cent fall since its September 2012 high. Bloomberg reports that Apple has ordered just …
Read More »HMV confirms intention to enter administration
Retailer HMV has filed notice to appoint administrators. HMV’s shares have been suspended from trading on the London Stock Exchange with immediate effect. It is understood that administrators Deloitte will keep all stores open while it searches for a potential buyer. Here’s HMV’s full statement: On 13 December 2012, the …
Read More »PS4 pre-owned block backlash – GameStop stock falls but analysts cast doubt
Shares in global video games retailer GameStop fell seven per cent on news that Sony may be moving to block pre-owned games on the PS4. A patent was unearthed yesterday showing freshly filed tech that would see Sony consoles tagging game discs as used. Thus when they are put into …
Read More »Sainsbury’s and Morrisons expected to report poor Christmas trading
The share prices of Sainsbsury’s and Morrisons have fallen amidst predictions that the pair will report disappointing Christmas trading results later this month. The Grocer reports that analysts are expecting a 2.8 per cent drop in like-for-like sales over the period for Morrisons and a dramatic slowdown of growth at …
Read More »THQ stock temporarily rebounds on Humble Bundle success
Troubled publisher THQ has finally seen some positive movement on the stock market following the success of its recent Humble Bundle. The pay what you want” offer saw gamers able to pick up the PC versions of Darksiders II, Metro 2033, Red Faction Armageddon and Company of Heroes, as well …
Read More »Apple sheds £80bn in value in two months
Valuation of world's richest company drops by 20 per cent despite impressive sales of iPhone 5 and iPad mini
Read More »Apple’s value drops £80bn in two months
Shares in tech giant Apple have slid 20 per cent since the launch of the iPhone 5 in September. That represents a loss in value of over 80bn, with shares reaching a five-month low during yesterday’s trading. It is currently worth in the region of $530bn. Apple’s share price hit …
Read More »Zynga posts third quarter of losses
A loss of nearly $53m for the last quarter means that Zynga has now posted total losses of nearly $161m over the last nine months. But it wasn’t all bad news, and with numbers coming in ahead of expectations investors may this morning be feeling that there’s some reason for …
Read More »iPhone 5 sparks Apple share rise to $700
World's richest ever company continues to shatter records
Read More »EA shares jump after sale rumours
Publishing giant keeps quiet as shares rise ten per cent in a day
Read More »