Kazuo Hirai was appointed Sony’s new chief executive on Wednesday and one day later, the company reported a wider than expected loss in the third fiscal quarter of 2011 that sent its stock tumbling more than 6% in early trading. The firm posted an operating loss of $1.2 billion on $23.4 billion in revenue, down more than 17% compared to the same quarter in fiscal 2010, and its net loss for the quarter totaled $2 billion. Sony also said it now anticipates a full-year loss of $2.9 billion, more than twice...

Capcom announced recently that Resident Evil 6 will launch on Xbox 360 and PlayStation 3 on November 20th, and that a PC version will follow soon after. The company said the game will take place in a world where bioterrorist attacks are occurring around the globe, inciting fear everywhere and turning everyone into zombies. The President of the United States decides to address the U.S. until he, too, is attacked and becomes a zombie. Leon S. Kennedy and Chris Redfield will work together to save the world along...

New data from Nielsen suggests that console owners are using their Xbox 360, PS3 and Wii game consoles to stream video content more than ever before. “Streaming now represents a reported 14 percent of Xbox 360 time, 15 percent of PS3 time and 33 percent of Wii time,” Nielsen said Wednesday. The market research firm explained that the growth in time spent streaming was driven by services such as ESPN 3, Netflix, MLB Network and Hulu, but that time spent using consoles also increased overall. Consol...

The wait is finally over and late Tuesday evening we’ll be making our way over to our local game store to pick up Call of Duty: Modern Warfare 3. The latest title in Activision’s hit series achieved record pre-order figures, surpassing even the staggering pre-orders totals racked by by Call of Duty: Black Ops. The single-player campaign will pick up right where we were left off at the end of Call of Duty: Modern Warfare 2 but, let’s be honest, we’re all in it for the multiplayer matche...

Sales of video game hardware, software and accessories in the United States continued to slide in August according to new data from NPD Group, again dipping more than 20% compared to the same period last year. Overall industry sales slid 23% to $669.9 million last month from $873.8 million in August 2010. Hardware sales were down 12% from last year to $249.4 million, accessory sales were down just 1% to $134.7 million and software sales plummeted 34% to $264.8 million. ”August 2011 sales saw a declin...

Much has been made of the video game console business’ steady decline, and rightfully so; console sales have dropped considerably in recent months. Some attribute the sliding sales to a weakened economy while a minority believe trends are turning toward casual mobile gaming, but market research firm IDC says we shouldn’t be sounding any alarms just yet. In a new report, IDC suggests that console gaming will begin to reverse current downward trends in 2012, with a big-time resurgence to follow in...

Sony announced on Tuesday that it is lowering the price of its 160GB PlayStation 3 console to $249, down from the console’s original $299 price tag. In addition, Sony will now sell the 320GB version of the PlayStation 3 for $299 instead of $349. The Japanese consumer electronics firm also dropped the price of the system in Japan and in Europe. The move is likely an effort to tackle Microsoft’s Xbox 360 console, which has been the best-selling console in the United States for past seven months acco...

U.S. video game industry sales were down 26% in July compared to the same period last year according to new data published by The NPD Group. Hardware sales were down 29% year-over-year to $223 million, video game software sales dipped 17% to $336.2 million and sales of video game accessories were down 8% to $127.8 million. Microsoft’s Xbox 360 was the best-selling console in the U.S. for the seventh consecutive month with unit sales of 277,000, though July marked the first time the Xbox saw a year-on-y...

Sales of video game hardware and software declined 10% in June according to new data reported by industry watcher The NPD Group. Total content sales including home consoles, portable consoles and PC game sales totaled $1.03 billion last month, down 10% from June 2010. Hardware sales declined 9% from $401.7 million in June 2010 to $366.6 million last month, and software sales dropped 12% over the same period to $469.5 million. Video game accessory sales also declined from June of last year, dropping 11% from $...

A new report from market research firm Gartner on Tuesday suggests global spending on the gaming ecosystem will exceed $74 billion this year, up 10.4% from 2010. Gartner also expects annual spending on video games to reach $112 billion by 2015. As the video game industry undergoes a transition that places a sharper focus on casual gaming, Gartner now includes the following in its definition of the “gaming ecosystem:” dedicated video game consoles; software for dedicated consoles; handheld dedicate...

George Hotz, the hacker better known as “geohot” has joined the team at Facebook. Hotz made a name for himself in the enthusiast community as an iPhone and iPad jailbreaker with his blackra1n tool, and he’s was also sued for jailbreaking the Sony PlayStation 3. Reportedly, Hotz joined Facebook in May and recently wrote on Facebook that the social network is “really an amazing place to work.” Hit the read link for a video during which GeoHot mentions his recent move. (more…)...

Fifteen years and several delays after Duke Nukem 3D’s original release, the sequel Duke Nukem Forever — announced in 1997 — is finally available for Windows, Xbox 360, and PlayStation 3. “June 14 in North America will forever be celebrated as the day that legendary Duke Nukem Forever went from video game folklore to earth-shattering reality,” Christoph Hartmann, president of 2K Games, said. “For 15 years, fans have waited in limbo just yearning to hear those two little lovely word...

Sales of video game consoles in the U.S. hit a five-year low last month according to new data from research firm NPD Group. “May 2011 was the lowest month of sales for the industry since October 2006,” NPD analyst Anita Frazier said in a statement. “A light slate of new releases is at the heart of this month’s performance.” Combined sales of hardware, software and accessories totalled $743 million according to the firm, representing a 14% decline compared to May 2010. Software sales were down 21% fr...

According to Kotaku, neither Microsoft nor Sony will launch new gaming consoles before 2014. “Both [Microsoft] and Sony are telegraphing to each other that they’re delaying, to milk the current [generation] and fill in previous craters better,” one source told Kotaku. By contrast, Nintendo’s next generation gaming console is expected to land sometime next year. Microsoft and Sony may decide to build onto the current systems, however; for example, Microsoft may release a “Kinect-u...