Michael Pachter News
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Updated 1 hour, 7 minutes ago
Microsoft Corp. is revamping the Xbox to fend off a breed of competitors ranging from Apple Inc. to Facebook Inc. Those companies were nowhere in gaming when the software maker debuted its last version five years ago.
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U.S. retail sales of video-game hardware, software and accessories fell 25 percent to $495.2 million last month, as consumers shifted to digital titles played on mobile devices and awaited next-generation consoles.
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Netflix Inc., the dominant subscription video-streaming service, rose to its highest since August 2011 after saying its revival of the cult TV show “Arrested Development” could help second-quarter results.
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Take-Two Interactive Software Inc. rose to the highest price in more than 23 months after its new “BioShock Infinite” video-game title and digital sales fueled profit that beat analysts’ estimates.
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LinkedIn Corp. unveiled its website ten years ago this week, from a tiny Silicon Valley office next door to an emerging social-networking service called Friendster.
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Activision Blizzard Inc., the largest U.S. video-game maker, fell the most in 18 months after offering a guarded outlook because of uncertain customer demand for new consoles and its “World of Warcraft” online game.
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Activision Blizzard Inc., the largest U.S. video-game maker, fell the most in two years after offering a guarded outlook because of uncertain customer demand for new consoles and its “World of Warcraft” online game.
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Pandora Media Inc., the biggest online radio service, said a 40-hour monthly limit on mobile users imposed earlier this year has cut music streaming and content costs as intended, while the audience continued to grow.
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Facebook Inc. rose after the social- networking company’s first-quarter sales topped estimates, a sign that Chief Executive Officer Mark Zuckerberg is gaining ground in his effort to make more money from mobile advertising.
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Facebook Inc. rose after the social- networking company’s first-quarter sales topped estimates, a sign that Chief Executive Officer Mark Zuckerberg is gaining ground in his effort to make more money from mobile advertising.
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