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Needham Downgrades Electronic Arts, Cites Valuation Concerns
Tuesday, March 10, 2015 - 10:53am | 244In a report published Tuesday, Needham analyst Sean McGowan downgraded shares of Electronic Arts Inc. (NASDAQ: EA) to Hold from Buy with a $58 price target following a price increase of over 20 percent year-to-date, compared to a 1 percent gain for the S&P 500. "We do not see weakness in...
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EA's Maxis Closure Is 'Interesting' But 'Irrelevant'
Thursday, March 5, 2015 - 2:43pm | 564Electronic Arts Inc. (NASDAQ: EA) announced this week that it will close Maxis Emeryville, the creator of "SimCity" and "The Sims." EA purchased the company more than a decade ago and gained control of one of the biggest PC franchises of all time. Well it was a fun 12...
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Weekly Highlights: Ford's iPhone Deal, Facebook Outage And More
Saturday, August 2, 2014 - 2:34pm | 195Apple (NASDAQ: AAPL) had a good week, but it didn't include any product announcements. It did, however, enjoy a new sale from Ford (NYSE: F). Facebook's (NASDAQ: FB) week did not go nearly as well. The social network unveiled a new app, which is always interesting. Unfortunately, a...
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Electronic Arts' New Service Is A 'Non-Event' That's Unlikely To Impact Sales
Thursday, July 31, 2014 - 12:43pm | 654Electronic Arts (NASDAQ: EA) announced a new subscription service on Tuesday, furthering the belief that downloads and streaming will be the future of video games. The service -- officially known as EA Access -- has gained a lot of media attention, in part because it is currently exclusive to...
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The World Cup And FIFA 15 Could Take EA To New Heights
Tuesday, June 17, 2014 - 1:22pm | 541The world's largest sporting event could help Electronic Arts (NASDAQ: EA) sell more games in 2014. "It's time to pop the cork and have some parties," Hilliard Lyons analyst Jeff Thomison told Benzinga. "The console ownership is going well, people are starting to buy...
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Electronic Arts Earnings Preview: All Eyes On Titanfall
Tuesday, May 6, 2014 - 2:15pm | 768Electronic Arts (NASDAQ: EA) will report its fourth quarter 2014 results on Tuesday after market close. Analysts are expecting the company to earn $0.11 per share on revenue of $812.09 million. The last time Electronic Arts reported its quarter results was on January 28. The company's third...
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Are Massive Xbox One 'Titanfall' Sales To Blame For Xbox 360 Game Delay?
Wednesday, March 19, 2014 - 3:01pm | 486The Xbox 360 version of Titanfall, the highly anticipated first-person shooter from Electronic Arts (NASDAQ: EA), has been delayed again. The game was originally scheduled to ship alongside its Xbox One and PC counterparts on Tuesday, March 11. EA initially delayed the Xbox 360 edition until March...
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Weekly Highlights: iOS 8 Maps Strike Back, Dreaming Of Tim Cook's Retirement And More
Sunday, March 16, 2014 - 3:43pm | 242Depending on who you are and what you love, this may not have seemed like an overly eventful week. After all -- if you don't love Twitter (NYSE: TWTR), you may not have cared that it went down. But if you do love the social network, this week might have seemed like a nightmare. The same could be...
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Is Electronic Arts Serious About Virtual Reality Gaming?
Tuesday, March 11, 2014 - 2:01pm | 502Electronic Arts (NASDAQ: EA) CEO Andrew Wilson recently indicated that his company is experimenting with virtual reality. Wilson discussed the topic during a video games panel at the annual SXSW event. His comments could be dismissed as a PR push for his company's newest game, Titanfall....
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Market Wrap For December 13: Major Indices Finish The Day Flat
Friday, December 13, 2013 - 5:45pm | 2270Major indices were looking for a rebound after a four day skid which included multiple triple digit point losses for the Dow. Futures pointed to a higher opening as investors found reason to be positive in the House's passing of the budget agreement last night. The markets were unable to hold on...
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PlayStation 4, Xbox One Dominance To Be Challenged In 3-4 Years
Friday, December 6, 2013 - 10:25am | 1296Sony (NYSE: SNE) and Microsoft's (NASDAQ: MSFT) new consoles will continue to be in high demand, but their dominance could be challenged in a few years. According to DigiTimes, the upstream supply chain expects to see "strong orders" for Xbox One and PlayStation 4 components during the first...
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Slideshow: iPhone 6 Price Hike, Huge PS4 Sales And More From The Third Week Of November
Saturday, November 23, 2013 - 2:00pm | 270Sony (NYSE: SNE) attempted to rule the headlines this weak, thanks entirely to its brand-new console: PlayStation 4. The Japanese tech giant revealed that it had sold one million PlayStation 4 units in just one day in North America -- a new record for the game industry. Sony also earned some...
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AppLift Raises Another $7 Million To Expand Globally
Thursday, October 17, 2013 - 12:58pm | 409Mobile games marketing platform AppLift has received an additional $7 million from Prime Ventures. This investment comes just four months after AppLift announced that Prime Ventures had provided the company with $13 million in a Series A investment. "We strive to provide value to the gaming...
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Video Game Sales Rise Ahead Of PlayStation 4, Xbox One Release
Friday, September 13, 2013 - 2:04pm | 761After two years of declines, the video game industry is beginning to rebound. According to The Wall Street Journal, sales of new hardware (consoles like Xbox 360 and handhelds like Nintendo 3DS), new software and accessories have risen one percent in the United States. The collective sales of...
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SLIDESHOW: Microsoft Buys Nokia Handsets, Apple's Two iPhone Events And More From The First Week Of September
Sunday, September 8, 2013 - 7:22pm | 204It was a week filled with anticipation, surprises -- and most of all a massive acquisition. Microsoft (NASDAQ: MSFT) purchased Nokia's (NYSE: NOK), while rumors insisted that BlackBerry (NASDAQ: BBRY) wished it had been acquired as well. Apple (NASDAQ: AAPL) confirmed the existence of not one but...