With online sales growing, video game market to hit $81B by 2016 (exclusive)

Video game sales are expected to grow from $66 billion worldwide in 2010 to $81 billion by 2016, but that growth masks some profound changes that are happening in the industry. Namely, the world will shift from sales of games in physical stores to a wide variety of digital distribution methods, according to market researcher DFC Intelligence.

Disruption arrives for Nintendo as stock falls 20 percent

Nintendo shares fell 20 percent today as investors reacted to a huge unexpected loss in the first fiscal quarter ended June 30. The day before, the Japanese video game company cut its full-year forecast and slashed prices on its poorly selling 3DS handheld game player.

Nintendo confirms new console on the way, reports profit drop

Nintendo confirmed rumors that it will release a new video game console in 2012 as a successor to the aging Wii console. The Japanese company made the announcement as it reported relatively weak sales and profits for the fiscal year ended March 31, 2011.

Nintendo may debut new HD console at E3 show in June

Nintendo is expected to debut a new video game console to replace its aging Wii next year. the Japanese company is expected to make that announcement at the E3 trade show in June, according to Game Informer.

Nintendo reports so-so results and forecasts mixed unit sales ahead

Nintendo reported that its nine-month results today were respectable, despite the negative impact of a sharply rising yen which makes dollar-based sales look weaker. The sales include the all-important holiday selling season, where Nintendo fared reasonably well but couldn’t beat last year’s numbers.

Nintendo reports loss due to weak sales and 3DS handheld delay

Living up to its downbeat forecast, Nintendo reported that it lost money for the third quarter ended Sept. 30, largely because of a strong yen, weak sales of the Wii and the company’s games, and a delay in the launch of the 3DS handheld gaming system.

Console game sales shrink slightly in July, but StarCraft II makes PC game sales soar

Overall U.S. console game sales shrank 1 percent in July, continuing a weak trend that has persisted for much of the year. But sales of StarCraft II, which went on sale on July 27, were so strong that PC game sales rose 103 percent during the month. That game helped push the overall console and PC game sales for July to 4 percent growth, according to market researcher NPD Group.

Nintendo CEO warns that game industry is boring consumers

Satoru Iwata, chief executive of Nintendo, proudly waved the Nintendo 3DS on stage this week as the company showed off a surprisingly well received handheld game player that can depict movies and games in 3D without the annoying 3D glasses. We caught up with Iwata at the end of the E3 video game convention to talk about how Nintendo created the handheld, which was the talk of the show. We also talked about the state of Wii gaming and a bunch of other subjects. Here’s part 2 of our interview. For part one about the 3DS, click here.

Nintendo CEO reveals how company toiled for years on 3DS concept

Satoru Iwata, chief executive of Nintendo, proudly waved the Nintendo 3DS on stage this week as the company showed off a surprisingly well received handheld game player that can depict movies and games in 3D without the annoying 3D glasses. We caught up with Iwata at the end of the E3 video game convention to talk about how Nintendo created the handheld, which was the talk of the show. Here’s the transcript of the interview.

Report: U.S. video game sales rise in March, God of War III leads sales charts

Things were looking up for the video game industry in March. Software sales grew 10 percent to $875.3 million from the same time a year ago, and industry revenues as a whole grew 6 percent to $1.52 billion, according to the market researcher NPD Group. Even accessory sales saw gains, up 11 percent to $206.8 million.