recession
News
8:20AM Stephen Totilo | Activision Blizzard reported another quarter of growth today but announced it expects to make $US300 million less in 2009 than originally forecast. More »
StarCraft Delay, Activison Expecting A Lot Less Money
8:20AM Stephen Totilo | Activision Blizzard reported another quarter of growth today but announced it expects to make $US300 million less in 2009 than originally forecast. More » 
Culture
Recession Boosts Gaming Pawns
7:00AM Brian Crecente | A spike in gas prices followed by the deepening recession has led to all-time highs in pawn profits, the Chicago Tribune reports. Chief among the items sold? Video game consoles. More »
News
Game Retailers Buying Less, Expect Fewer Copies Of Smaller Games
10:40AM Michael McWhertor | Not sure if you’ve heard, but the economy is shit and everybody’s losing their jobs. If you’re still gainfully employed, the downturn might start to hit home soon, thanks to game retailers stocking less. More »
News
Microsoft Slashes 5,000 Jobs
12:20AM Brian Crecente | Microsoft is cutting 1,400 jobs today and another 3,600 over the next 18 months in the wake of today’s news of a 11 percent drop in fiscal second-quarter net income, the company announced today. More »
News
Video Games Are One Of The 10 Things We’re Still Buying
5:20AM Mike Fahey | Financial publication Forbes takes a look at some of the things people are still willing to spend money on in the face of the recession, and of course, our favourite hobby makes the cut. More »
Rumours
Microsoft Considering Sizable Layoffs
1:00PM Brian Ashcraft | According to The Wall Street Journal, Microsoft is considering “significant” layoffs across various corporate divisions. Insiders close to the company did not disclose whether Microsoft’s Xbox division will be affected. More »
Video Games Are Not Recession-Proof, Says NPD
9:40AM AJ Glasser | GameDaily reports that Michael Klotz, senior account manager at the NPD Group, says the video games industry is already feeling the effects of the recession. More »
Best Buy Sees a Drop in December Gaming Sales
5:00AM Brian Crecente | Despite revenue of $7.5 billion in December, Best Buy still saw a drop in video game sales. More »
GameStop Claims Triumph Over Recession, Holidays Sales Up 22%
2:20AM Mike Fahey | GameStop stands proudly in the snow, one foot atop the neatly decapitated recession monster as it proudly proclaims its triumph over the failing economy, with holiday sales up 22% over last year. More »
