Currently, Sony can’t be happy that their PlayStation 3 has been outsold by both Microsoft’s Xbox 360 and Nintendo’s Wii. On Tuesday, Sony made a move to address the situation. Starting right away, the price of a PlayStation 3 will be cut from $399 to $299.
This sale price for the PlayStation 3 will affect the current 80 gig model on the market. It will also be the price for the new, slimmer 120 gig model that is set to be released within the next month. The current 160 gig models will now be $399 instead of $499.
The timing of this …read more

Videogame maker Electronic Arts sunk deeper into loss in its fiscal first quarter thanks to falling revenue, a situation brought on by EA’s taking deferred revenue into account. However, EA has also managed to do better than Wall Street expectations would have had the company doing thanks to the popularity of its Sims 3 game and various Wii titles.
 
According to EA’s CFO Eric Brown, the company is expecting to grow in the second half of the calendar year, especially in its digital services unit. He has expressed confidence in EA’s big-ticket products, stating that EA’s most important titles are selling …read more

While the videogame industry had once been thought of as recession-proof, reports from Microsoft, Sony, and Nintendo show that even the videogame industry has managed to spring a leak. The makers of every major videogame console have shown a drop in profit, as well as a reluctance to cut prices that, according to analysts, could end up harming these companies in the long run.
 
Videogame makers have suffered throughout the recession as more and more gamers turn to other gaming alternatives that do not involve the hefty $60 price tag on new console videogames. However, Sony and Nintendo, whose PlayStation 3 …read more

Yes, it’s true. I get my business tips from a 3-year old.
He stayed home today with a little cough (he has asthma) and the first thing he wanted to do when he found out that he didn’t have to go to school today was, “Can I play the Wii game Mommy, pllleeeeaaaassseee?” So, I said yes. I had/have a lot of work today and figured that would occupy him until I’m done. But before I got started on my work, I wanted to sit there and watch him play. He’s only three. It’s amazing what those darn kids can …read more