245w ago - Worldwide sales of the Nintendo Wii games console have topped 50 million, the company's president Satoru Iwata stated at an industry conference in San Francisco.
This means the Wii is now the fastest-selling games console in history, surpassing Sony's PlayStation 2.
To quote: Earlier this year the Japanese computer games console maker predicted demand for the Wii console would eventually slow as the rise of the yen undermined the value of sales to the United States and Europe.
Satoru Iwata, president of the company, said he hoped the economic slowdown would lead to innovation and creativity. He told the conference, attended by many computer game software experts, that he believed "anything is possible".
He said: "The great depression in the 1930s resulted in the jet engine, TV and chocolate chip cookies. The future of video games is in your hands and I can't wait for you to show us your surprises."
Mr Iwata said that Nintendo's hand-held DS console had shipped 100m units around the world.
Nintendo Wii has more female and older fans than previous games systems because if offers programmes games like virtual tennis and playing musical instruments as well as the usual driving and shooting games.
250w ago - According to Futuresource Consulting, it appears Blu-ray may be ready to hit the mainstream. The increasing number of HDTV owners, coupled with lower prices on Blu-ray players, should fuel interest in the HD movie format.
To quote: "In the USA, Blu-ray has moved from early adopter phase through to early majority, with the format gaining real traction in the marketplace," said Mai Hoang, senior market analyst at Futuresource.
According to Hoang, Blu-ray sales in America reached 24 million units in 2008. The analyst predicts the American market will eat 80 million discs this year. The rest will be represented by Japan, the UK and the rest of Europe.
Jim Bottoms, managing director at Futuresource, thinks Blu-ray adoption will finally get majority share of home video sales in just a few more years. "By 2012, around 50 per cent of US and 35 per cent of Western European video disc retail sale volumes will be Blu-ray."
252w ago - It is no secret that the consumers of gaming have been consumed, for lack of better words by numbers and sales in this generation of consoles.
The developers; dealing with deadlines, pre-game jitters, and language hang-ups aren't enough. With recent cuts developing companies have to fear for there jobs amidst this recession.
It was said numerous times pre-recession that the video game sector would ensure and withstand economic turmoil. And the consumers as well as the investors actually believed it.
I, for example, purchased numerous shares of stock in the gaming sector early 2007. And I will assure you that the financial burn was felt equally, and diversification has become a life lesson when it comes to my investments.
As we all know, the negatives all roll downhill, so eventually the cuts of manning we're bound to happen in the sector of gaming. And with less manning and a daily decline in revenue, creativity is bound to dissipate as well.
Wedbush Morgan's Michael Pachter told Kotaku, "It's sad that it's easier to sell an Iron Man game or a 50 Cent game with the right license and it's hard to create a new Dead Space."
He further states in the conversation, ""I think you're going to see moving forward one new game a year from...
252w ago - Has the Wii's bubble finally burst? Sales figures from Japanese retailers show the Wii is the only console to show negative growth over the last week.
While it is far too soon to start shouting the demise of the Wii from the rooftops, Nintendo saw unit sales of its home console fall by 3,000 units, allowing the PlayStation 3 to close the sales gap between the two consoles from 12,000 units two weeks ago, to just under 6,000 units this week.
The Wii is showing the least resilience of all systems in the current slump in the Japanese hardware market, seeing sales slump 96,000 since the beginning of the year.
It's not all doom and gloom in the Nintendo camp however, as sales of the DSi rose by 4,000 units, perhaps suggesting that the market for the Wii is starting to become saturated.
253w ago - Sony may have just reported a decrease in quarterly PS3 sales but executives are still in good spirits.
Apparently, the Sony execs believe they are on the right track to meet previously announced goals despite the poor performance recently.
To quote: "In terms of units, it is true that PS3, as compared to last year, is slightly worse, but on a full-year basis we believe we are on track to sell the 10 million units that I said at the beginning of the year," said Sony EVP and CFO Nobuyuki Oneda in an earnings call.
Sony announced earlier today that PS3 sold 4.46 million units during the company's fiscal Q3, a 9 percent drop from 4.9 million for the same quarter a year ago.
Oneda added, "...Relatively speaking, [compared to] the growth of other platforms, we are behind, but it's not the case that we are not meeting the target."