Microsoft Corp. unveiled its first new Xbox in almost eight years, seeking to position the console at the center of games and home entertainment against a growing roster of competitors that includes Apple Inc. to Facebook Inc.
Microsoft Corp. will use an Advanced Micro Devices Inc. processor in its next Xbox game console as it seeks to cut the cost of building machines and get developers to create more titles, people with knowledge of the matter said. AMD surged the most in almost two years.
Microsoft Corp. will release the next version of its Xbox console in 2013 at the earliest, as the company squeezes at least one more year of sales out of its current model, said two people with knowledge of the matter.
U.S. retail sales of video-game software, hardware and accessories rose 9 percent to $834.7 million in January, aided by an extra week compared with a year earlier, according to market research firm NPD Group Inc.
GameStop Corp., the chain that gets almost half its profit from used video games, fell the most in a month after a website reported Microsoft Corp.’s next console will block users from reselling titles.
Forty years after Pong bounced across screens to kick off the video-game era, Electronic Arts Inc. is struggling to adapt to the shifting nature of play, as gamers abandon high-priced consoles for tablets and smartphones. Now, the company has a plan.
Nintendo Co. ’s Wii edged out Microsoft Corp. ’s Xbox 360 as the best-selling video-game console in the U.S. after Microsoft was unable to meet demand for its Kinect motion-sensing peripheral, the companies said.