NEWS - Friday, June 14, 2002


THQ sales jump due to price cuts

NEW YORK, June 14 - THQ Inc. Chief Executive Brian Farrell said on Friday the video game publisher’s sales have risen about 20 percent following price cuts last month on the leading games consoles, and stood by his forecast of 35 percent revenue growth this year. "For product that was on shelf as of May 1 ... there has been about a 20 percent lift," Farrell said in an interview with Reuters. In a wave of price cuts in May, Microsoft Corp. slashed its Xbox to $199 from $299 just after an identical reduction by Japanese electronics giant Sony Corp. for its dominant PlayStation 2 platform. Nintendo Co. Ltd. followed by cutting the price of its GameCube console to $149 from $199. Farrell sees the growth as a catalyst for strength later this year, when solid demand and lower hardware and software prices are expected to further fuel the interactive gaming industry’s optimism. "This is the slowest seasonal time, but what (the cuts) will really do is set the stage for the fall selling season," he said. "To be up 20 percent in May and June is great, but if we are up 20 percent in September through November, that is the exciting part."
Source: http://www.thq.com/

Site Statistics

Registered Members: 80,946
Forum Posts: 725,969
Xbox One Titles: 6,507
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 586
Original Xbox Titles: 987
Staff Reviews: 2,602
Member Reviews: 10,339
News Articles: 16,557
Screenshots: 39,499
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News

Bulwark: Evolution Out Now on Consoles

Bulwark: Evolution Out Now on ConsolesThis major free update, which has already been successfully launched on Steam, brings a new layer of depth, strategy, and innovative gameplay mechanics to the immersive world of Bulwark: Falconeer Chronicles.


Thrustmaster Unveils T.Flight Hotas One

Thrustmaster Unveils T.Flight Hotas OneThrustmaster’s best-seller is back with a new look featuring the official license of Microsoft Flight Simulator. This complete, precise and easy-to-use hands- on throttle and stick (HOTAS) is the ideal companion for Microsoft Flight Sim 2024







See News Archives

Community Forum Activity

KeyWe Giveaway!
Post by Variation-XBA
0 Replies, 26214 Views

2021: XBA is still here
Post by shrew king
40 Replies, 234693 Views

Watch Dogs: Legion
Post by Nato King
0 Replies, 124826 Views

Xbox Series X or S
Post by Nato King
5 Replies, 142544 Views

Spellbreak Grand Magus Pack (3) and Starter Pack (7) Giveaway!
Post by Variation-XBA
0 Replies, 131285 Views

I pay $ 1000! I search the Element 54 Canadian launch Team signaturen Faceplate
Post by Smill
0 Replies, 153872 Views

Xbox one no signal
Post by debrartin
0 Replies, 143330 Views

do you remember?
Post by SnoochyBoochy
3 Replies, 213390 Views

i haz xbox
Post by SnoochyBoochy
0 Replies, 167175 Views

Claiming the first thread of 2020
Post by Kraft
7 Replies, 263441 Views

Important! I pay $ 1000! I search the Sweden launch and the Element 54 Faceplate
Post by Smill
3 Replies, 149179 Views

Squad Up
Post by samslophead
0 Replies, 253713 Views

TERA Skinned Xbox One X Giveaway!
Post by Variation-XBA
0 Replies, 178954 Views

Starfield Release expectations?
Post by DJ tx
4 Replies, 309302 Views

Issue with Xbox live on Xbox home
Post by rcmpayne
0 Replies, 167242 Views

© 2000-2024 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics