Take-Two Interactive on Thursday dialed back earnings expectations for the current fiscal year due to the delayed release of keenly anticipated video game "Grand Theft Auto VI".
The US tariffs barrage and the bounding cost of producing games have prompted manufacturers like Sony and Microsoft to announce price hikes on consoles, in an industry shift experts say is set to last.
Japanese gaming giant Nintendo forecast Thursday that it would sell 15 million units of its hotly awaited Switch 2 console in the current financial year but warned US tariffs could hit its bottom line.
The creative team behind the popular Grand Theft Auto video game series postponed the launch of the latest installment by several months to May 2026, hitting shares of parent Take-Two Interactive.
Microsoft announced Thursday that it will increase Xbox console prices worldwide, citing "market conditions" just days after Sony made a similar move with its PlayStation 5.
Independent French studio Sandfall Interactive's first video game "Clair Obscur: Expedition 33" launched worldwide on Thursday but has already built up a solid community of fans eager to discover its post-apocalyptic fantasy world.
Nintendo shares surged Thursday after the gaming giant boasted of higher than expected demand in Japan for pre-orders of its hotly anticipated Switch 2 console.
The shelves lining Luke Malpass's home workshop are a gamer's treasure trove stretching back decades, with components of vintage Game Boys, Sega Mega Drives and Nintendos jostling for space and awaiting repair.
Gaming specialists who have handled Nintendo's new Switch 2 say the console is a clear upgrade on its predecessor, but it lacks must-have new features and the progress comes at a steep price.
Nintendo fans excited over the upcoming Switch console said Thursday they were disappointed by the high price tag, as US tariffs bite.