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Tencent, Xbox, Game Angels, Ansible and Flick to speak on Game Republic New Horizons investor stage
The Game Republic New Horizons conference will feature speakers from Tencent, Xbox, The Game Angels, Ansible, and Flick Games on its investor stage. The event, co-hosted by Games London, aims to connect game studios with investors and funders. Separately, Micron CEO Sanjay Mehrotra discussed the ongoing global chip shortage, predicting gradual improvement in 2028 due to increased demand from data centers powering AI.
Why Microsoft Announced Ninja Theory's New Game Despite Plans to Shut the Studio Down
Microsoft allegedly planned to close or spin off Ninja Theory while simultaneously announcing its new game, Senua, at the Xbox Games Showcase. This move was reportedly intended to attract investor interest in the studio.
Nintendo shares drop after Direct leaves investors wanting more
Nintendo's share price experienced a significant drop of 7-10% following its latest Direct presentation, failing to impress investors despite numerous game announcements. While the showcase included remakes like The Legend of Zelda: Ocarina of Time and updates to series like Fire Emblem and Xenoblade, the absence of major new blockbuster titles or a release date for the Ocarina of Time remake left market observers wanting more, particularly concerning potential Switch 2 sales.
Nintendo Is Under Pressure To Increase The Switch 2 Prices
Nintendo is facing investor pressure to increase the price of the upcoming Nintendo Switch 2 due to rising memory costs and concerns about profitability. Despite the original Nintendo Switch surpassing the Nintendo DS in sales, the company's stock has fallen, leading to discussions about pricing strategies. President Shuntaro Furukawa stated that the company will carefully consider all factors before making a decision.
Switch 2 Reportedly Too Good a Deal, Investors Want That Fixed
Nintendo may face shareholder pressure to increase the price of the upcoming Switch 2 console, which is reportedly being sold at a loss. Analysts are divided on whether price hikes would benefit or harm the company's stock performance and consumer appeal. Nintendo is also encouraging digital game sales to offset hardware costs.
Nintendo Switch 2 Price Hike May Happen Amid Investor Pressure – Rumor
Nintendo is reportedly facing investor pressure to increase the price of the Nintendo Switch 2 due to rising manufacturing costs and a global memory shortage. Analysts are divided on whether a price hike is advisable, with some warning of negative impacts on software sales and others believing it's necessary to maintain profitability. The company's president, Shuntaro Furukawa, has previously stated that hardware profitability depends on component procurement, cost reductions, and exchange rates.
Crimson Desert's Pearl Abyss regains investor confidence as it continues to move beyond launch day woes
Crimson Desert has achieved 3 million copies sold in under a week, significantly boosting investor confidence in developer Pearl Abyss. Following an initial stock drop due to middling reviews, the game's improved Steam rating and sales figures have led to a notable stock climb. Industry consultant Dr. Serkan Toto noted this recovery is common in Asian markets for game stocks.
Jury finds Elon Musk misled Twitter (TWTR) investors in the run-up to $44 billion acquisition
A California jury has determined that Elon Musk misled investors concerning Twitter prior to his $44 billion acquisition of the social media platform. The verdict addresses claims of deception made during the lead-up to the takeover.