Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Saturday, 11 October 2008 12:57

Gaming and console making companies? stocks plummet

Written by Nedim Hadzic

ImageImage

No time for fun and games, eh?

 

It surely blows being a gaming company, or any kind of company for that matter, at a time like this, when we see more and more companies’ stocks plummet like it's 1929.

In just four weeks, Wall Street saw Activision drop 28%, THQ 39%, EA 37% and Take Two by 40%. Console makers didn’t fare any better as Microsoft dropped by 14% this month and Sony by 33%.

So, all the talk about gaming business not being affected by the recession turns out to be a bunch of half-witted predictions.

You know, as crazy as this might sound, maybe we should look for other solutions such as making a console that has “DON’T PANIC” written all over it. Well, it helped The Hitchhiker’s Guide Trough Galaxy to outsell its dreaded adversary Encyclopedia Galactica, it just might help us get through this recession.

I wonder what would analysts have to say to that? (They would tell you to go to the 13th floor of Infinidim Enterprises and sell the Hitchhiker 2.0 in a few gazillion parallel universes. I'm off to Lamuella to get some sandwiches for the weekend. sub.ed.)

More here.

Last modified on Saturday, 11 October 2008 13:23
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments