MCV/DEVELOP News, events, research and jobs from the games industry
The immediate success of the iPhone 4S saw Apple’s shares reach an all-time yesterday. The tech giant yesterday revealed that it has sold 4m of the new handsets throughout its first three days on sale. That’s nearly twice as many as its predecessor the iPhone 4 sold in the same …
Read More »‘Red flag’ as Zynga accounting change adds $27 million
Alterations made to recognise revenue faster
Read More »Publisher stock slumps amidst market turmoil
Shares across the US and Europe were in free-fall yesterday amid warnings that the global economy had entered a danger zone. Publicly traded games companies, from Electronic Arts to Activision, were victim to a global sell-off that saw the main indexes in the UK, Germany and France fall about 5 …
Read More »Nintendo shares drop 83% in under four years
Investors have reacted negatively to Nintendo’s Tokyo 3DS showcase, with the company’s share price falling five per cent overnight. Nintendo yesterday unveiled a host of new 3DS goodies, including a new Pink console SKU for Japan and a Red model for Europe. Key titles such as Super Mario 3D Land …
Read More »Apple shares fall 5% on Jobs resignation
No company is reliant on just one man – particularly the biggest tech company in the world. But so iconic has Steve Jobs become that Apple saw around 10bn wiped off its value last night. The falls, of course, follow news of Steve Jobs’ resignation as CEO as he continues …
Read More »Nintendo shares climb as 3DS redesign rumours emerge
Pinches of salt at the ready. French site 01net, which has a mixed history of reliability in these matters, has claimed that Nintendo is working on a shock early redesign for its 3DS handheld. It claims that the company will in 2012 launch a brand new version of the machine …
Read More »Nintendo stock falls dramatically following 3DS price move
Though yesterday’s decision to slash the price of the 3DS is no doubt good news for the machine’s prospects, it has proved disastrous for Nintendo itself. Bloomberg reports that shares in the company fell by a huge 21 per cent in Japan Osaka Securities Exchange yesterday. That’s an all-time record …
Read More »Zynga ready to float
FarmVille creator and Facebook gaming behemoth Zynga is close to floating on the stock market. The US-based developer is reportedly setting up an Initial Public Offering this week worth as much as $2bn in shares. That’s the equivalent of around ten per cent of the business, which has been valued …
Read More »Take-Two shares jump
The release of LA Noire in the North American market yesterday has lead to a huge surge in Take-Two’s share price. The company’s shares closed at $17.10 at the end of trading yesterday, a daily jump of nearly 18 per cent. It’s the highest valuation of Take-Two since the EA …
Read More »Homefront reviews cause THQ share drop
Shares in publisher THQ dropped by nearly 25 per cent yesterday, with the LA Times claiming that analysts are "spooked" by the lower than expected review scores for new shooter Homefront. At the time of writing the game has a Metacritic average of 72 per cent, placing well below the …
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