This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Grand Theft Auto IV Roars On

SAN FRANCISCO -The video games industry grew 37% last month on strong sales of the Grand Theft Auto IV game.

However Microsoft (MSFT - Get Report) saw sales of its Xbox 360 console lag rival Sony's (SNE - Get Report) PlayStation 3.

Meanwhile Nintendo/s Wii console and its handheld DS system bagged the top two spots in terms of overall hardware sales for the fourth consecutive month and continued to outsell rivals, said industry research firm The NPD Group in its monthly report on video games sales.

Take-Two Interactive's (TTWO - Get Report) Grand Theft Auto continued to burn the charts bagging the top spot for the second month. The title, which was released on April 29, sold about 1.3 million copies across the Xbox 360 and PS3 systems last month.

So far, the game has generated combined sales of 4.2 million units, making it the year's top-selling title, said NPD.

Take-Two is currently battling a $2 billion hostile bid from its larger rival Electronic Arts (ERTS). EA has a tender offer open for Take-Two shares at $25.74. Shares of Take-Two closed down 19 cents to $26.56 Thursday.

On the hardware side, Sony sold 208,700 PS3s in May, up from 187,100 units in April, while Microsoft sold 186,600 Xbox 360s last month, down from 188,000 units in April.

The Xbox 360 was released a year before PS3's November 2006 launch but competes closely with the PS3.

Nintendo outsold the two with 675,100 Wiis in May but down from 714,200 units sold the month before.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
ATVI $24.49 0.00%
MSFT $44.37 0.00%
SNE $28.86 -4.90%
TTWO $27.94 0.00%
AAPL $125.56 0.83%

Markets

DOW 17,596.35 -350.33 -1.95%
S&P 500 2,057.64 -43.85 -2.09%
NASDAQ 4,958.4680 -122.0370 -2.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs