Tokyo (Reuters) - Investors cheered an impending end to a format war for next-generation DVDs on Monday, pushing up shares of both Toshiba, on the verge of abandoning its HD DVD discs, and Sony, the leader of the rival Blu-ray camp.
Toshiba Corp shares jumped 5.1 percent as analysts praised its decision to cut its losses, while Sony Corp, whose technology is set to become the industry standard for the next generation of high-definition home movie DVDs, rose 2.7 percent.
Analysts gave high marks to Toshiba's seemingly quick decision to pull the plug on HD DVD because of the heavy costs involved in promoting the format tat has no growth potential without video software.
Microsoft just posted the third quarter of its 2024 fiscal financial results. The software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3. Revenue is up 17 percent, and net income has increased by 20 percent.
Xbox content + services up 62% while hardware down 31%... seems about right with the way they tout you don't need the hardware to play. People can play on their phones or smart tv or other means. I don't hardly play on my consoles directly since getting devices like the logitech g-cloud and ps portal. Which is to also say I have been playing more digital than physical because of these devices.
Too expensive hardware when others offer the same or more for less? Good work, Green Team.
"Despite some early successes for Xbox games on rival platforms, Xbox hardware is down by a massive 31 percent this quarter."
"Without Activision Blizzard, Microsoft’s overall gaming revenue would have actually declined this quarter."
"Xbox content and services would have only been up a single percent without Activision Blizzard..."
"It looks like next quarter is going to be a similar story for gaming at Microsoft, too."
That is crazy... so A/B/K is carrying the whole Xbox gaming.
Oh and Microsoft will be fine. Windows, Office and Cloud are growing with each pc purchase.
As of right now, there are no monopolies in the games industry, and for the sake of the medium as a whole, they never should either.
And yet the biggest tech companies in America are essentially that. They buy up all the small comps only to kill them off and steal what they have, and if they can't buy em they bleed them to death.
They buy IPs not talent. That's why these buyouts never work and the IPs die. Right now it's too expensive to develop games - but I expect that to shift maybe as AI tools can make it easier. The best games have been indie games for awhile as big developers fuck their ips to death with "games as a service" -
On Amazon, you can't get an RTX 4090 for less than this one from Gigabyte, which now offers great value after an eye-catching April deal.
It's about damn time. Now they can make some money on HD optical media for another 5-10 years that it takes for DD to become widespread.
U gave it ur best and now its time to throw in the towel. U did get a few hits at Sony, but u were ultimitly out performed. Don't worry Toshiba ur still a great company and there will be other format wars in which u can win, but for know the BD won the belt.
For now.
Toshiba stands to loose a lot of money and the share price goes up.
Isn't the stock market funny. Toshibas shares rose higher than Sonys for being a gracious loser. Weird.
Anyway, is there any actual official word on this yet?
all i can say is finally i've been wanting those hd dvd movies on blu ray forever.