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Sony Corporation has reported its financial results for the year ending March 31, 2008, with revenues and profits up on the previous year.
In total, across the group, the company took JPY 8.87 trillion (USD 84.4 billion), a rise of 6.9 per cent on the previous year, with net income hitting JPY 369.4 billion (USD 3.51 billion) - almost tripling the previous year’s total of JPY 126.3 (USD 1.20 billion).
Sales of buildings, as well as funds received from the flotation of its financial business last year, contributed to the strong showing, although its consumer products also performed well.

View: Full article @ gamesindustry.biz

The Popular Franchise Trumps All Other Entertainment Title Sales.
London, UK, 13th of May - The famed Grand Theft Auto series has made headlines yet again! As newly-released sales figures show, Grand Theft Auto IV has crushed the competition by selling 3.6 million units and earning $310 million in its first day of release, earning Guinness World Records™ for the Highest Grossing Video Game in 24 Hours and the Highest Revenue Generated by an Entertainment Product in 24 Hours. These records establish GTA IV as the most profitable entertainment release of all-time, far surpassing other video game, film and book releases. According to Guinness World Records™, this is how the game stacks up against the competition:
Fastest-selling video game in 24 hours: Halo 3 at $170 million Fastest-selling theatrical movie in 24 hours: Spider-Man 3 at $60 Million Fastest-selling book in 24 hours: Harry Potter & The Deathly Hallows at $220 million.
View: Full article @ Guinness World Records

Dell, a leading supplier of personal computers, denied media report about intentions to axe its XPS brand to concentrate solely on Alienware personal computers for gamers. Nevertheless, the company confirmed that it intends to invest heavily into Alienware in order to enable systems with unprecedented performance. While XPS is set to remain, it may no longer be only a gamers’ brand.
“Dell XPS and Alienware are both great brands – arguably the greatest brands in PC gaming – and both will live on. But we are going to expand our focus on Alienware. We are going to invest like crazy in product development, design and engineering to propel Alienware as the premier gaming brand in the future,” said Dell’s spokeswoman Anne M. Camden.
View: The full story @ Xbit-Labs