Video: Video: Nintendo Reports Loss On Shaky Wii U Sales

Video: Nintendo Reports Loss On Shaky Wii U Sales

by Clip Syndicate

Nintendo sank to a worse-than-expected loss for the fiscal first quarter on lagging Wii U and 3DS video-game machine sales. Nintendo has been fighting to maintain profits amid competition from games and social media apps on smartphones and other mobile devices. The company also faces competition from rivals Sony Corp. and Microsoft Corp., which are aggressively pushing their game machines with holiday shoppers. Read More >>


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Video: Video: Alibaba Invests $120 Million In Mobile Gaming Firm

Video: Alibaba Invests $120 Million In Mobile Gaming Firm

Alibaba Group is backing another California startup, announcing a $120 million strategic investment in gaming company Kabam Inc. and a partnership to publish and distribute its free-to-play mobile games. The deal, which values San Francisco-based Kabam at more than $1 billion, comes after The Wall Street Journal reported Alibaba had held talks regarding a financing round for Snapchat.



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Video: Video: Alibaba Invests $120 Million In Mobile Gaming Firm

Video: Alibaba Invests $120 Million In Mobile Gaming Firm

Alibaba Group is backing another California startup, announcing a $120 million strategic investment in gaming company Kabam Inc. and a partnership to publish and distribute its free-to-play mobile games. The deal, which values San Francisco-based Kabam at more than $1 billion, comes after The Wall Street Journal reported Alibaba had held talks regarding a financing round for Snapchat.



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Video: Video: Nintendo Reports Loss On Shaky Wii U Sales

Video: Nintendo Reports Loss On Shaky Wii U Sales

Nintendo sank to a worse-than-expected loss for the fiscal first quarter on lagging Wii U and 3DS video-game machine sales. Nintendo has been fighting to maintain profits amid competition from games and social media apps on smartphones and other mobile devices. The company also faces competition from rivals Sony Corp. and Microsoft Corp., which are aggressively pushing their game machines with holiday shoppers.

Read More >>
Video: Video: Nintendo Posts A Loss Despite Wii U Sales Tripling During The Quarter

Video: Nintendo Posts A Loss Despite Wii U Sales Tripling During The Quarter

Nintendo’s quarterly results are out and the company saw disappointing sales of both its hardware platforms, with the Wii U managing to triple sales but still only achieving 510,000 units shipped overall, and the Nintendo 3DS dropping below a million units moved with a 41 percent decline in sales year-over-year.

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Video: Video: Google To Acquire Streaming Site Twitch

Video: Google To Acquire Streaming Site Twitch

A new report claims Google has inched closer to acquiring the streaming video game service Twitch. Venturebeat reports Google reached a deal to acquire the live streaming site for $1 billion. The service allows video game players to stream live action from their devices. Initially available on PC, Twitch launched apps for the PS4 and Xbox One video game consoles that let users directly broadcast their gameplay from the device.



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