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Nintendo today announced (PDF) sales of 556.2 billion yen ($7.2 billion) during the nine months ended December 31 (April to December 2011), down nearly 32 percent compared to the same period in 2010. It also posted a 48.4 billion yen (about $625 million) net loss. During the same period in 2010, Nintendo generated a profit of nearly 50 billion yen. Nintendo mentioned the time as “tough time”, saying that its financials were brought down by sluggish Nintendo 3DS sales during the first half of its fiscal year, as well as a strong yen....

Good news for the Nintendo lovers – the company reported that the Wii U will launch in the US, Japan, Europe and Australia by the end of 2012. Nintendo president Satoru Iwata has told reporters. This is the first time that the news got confirmed. The announcement also states that there are strong chances that we are likely to know Wii U specifications and details...

Xbox 720 or Xbox Loop – whichever name do the Microsoft ends up in calling it as, the chipset of the next generation Xbox console has been in the production since from last month and will probably be out by 2013 fall. The report from Fudzilla claims that, “the power behind the next Xbox will be a PowerPC CPU that is married to an ATI Southern Islands GPU, or...

Tiny Tower developers, NimbleBit, launched an arm through the series of tweets against the social network game company, Zynga. Zynga recently launched a new iOS game that somehow looks a lot similar to Tiny Tower. The new game, Dream Heights, is available only in Canada so far. Zynga earlier even tried to buy out the company NimbleBit – but they refused the offer. The...

Microsoft’s two recent jobs posting on company website strongly indicates the company may be planning to open its new studios to develop projects for the Xbox 360’s Kinect motion peripheral. As per NeoGAF, one job listing is level designer that is probably called as LEAP and the second one is for a senior human resources manager who will support two of the company’s...

According to InsideMobileApps, Microsoft’s virtual currency system “Microsoft Points” will be phased out by the year end. The change will primarily affect Windows Phone developer, the Zune marketplace and Xbox Live. Citing a “source with knowledge of the company’s decision”, InsideMobileApps says Microsoft is planning to ditch the Points system on Windows...

ArenaNet Founder and President Mike O’Brien announced today that Guild Wars 2 would be coming this year following the beta released in February. O’Brien mentioned in the post that the upcoming MMO will bring a completely new approach to questing and combat. He writes, “This year, the Year of the Dragon, let’s usher out old thinking.” Guild Wars 2 has been...

Activision Blizzard, over the weekend unveiled two new multiplayer maps which will be the first downloadable content for Call of Duty Modern Warfare 3. Activision showed off the first two content drops for Modern Warfare 3 on GTTV with Geoff Keighley show. The new maps will launch on Tuesday, January 24. Robert Bowling, creative strategist at Infinity Ward, said...

According to a DARPA request for proposal, the US pentagon planned to spend over $32 million to develop “fun to play” computer games that can help them refining the way weapons systems are tested so as to ensure they are free from software errors, security bugs, as per the Department of Defense. The goal is to create puzzles that are “intuitively understandable...

Microsoft updates the world with mentioning that the company is aware of the color space issue w/ some Xbox video apps and is working on its fixture. The company last updated about Xbox 360 to its users in December brought with a problem with color output for some. The company’s Xbox division, Director of Programming, Larry Hyrb, tweeted about the issue. The problem might be looks smaller in nature, but it looks company wondered it that it’s important enough to address. The new dashboard released in December to upgrade the service...