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January 27, 2014
11:07 EDTATVIActivision growth estimates reasonable if Destiny a big hit, says Piper Jaffray
Piper Jaffray said its title-by-title analysis for Activision Blizzard concluded that consensus estimates of 8% yearly growth in 2014 are reasonable, but only if the company's new Destiny franchise scores a major hit. Piper said Activision typically gives conservative initial yearly guidance and the firm sees the company likely guiding to FY14 sales near $4.5B, which would be below the Street consensus. However, Piper notes the company has a history of beating its own conservative outlooks in the past and the firm maintains its Overweight rating and $22 price target on the stock.
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July 18, 2014
07:22 EDTATVITotal June video game sales up 24%, spending on games down 3%, VentureBeat says
Sales of physical video game products, including consoles, games and accessories, rose 24% from the same month of last year to $736.4M in the U.S. in June, reported VentureBeat, citing NPD Group data. Spending on games slid 3% year-over-year to $286.8M, the report noted, with NPD stating that sales of launch titles this June "did not compare favorably" to those launched in 2013. The report also noted that PS4 again outsold Xbox One in the month. Publicly traded companies in the video game space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME), Take-Two (TTWO), Sony (SNE) and Microsoft (MSFT). Reference Link
06:38 EDTATVIJune NPD video game software sales fell 3%, says Piper Jaffray
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06:06 EDTATVIXbox Live, PlayStation Network users report connectivity issues, Re/code says
Xbox Live (MSFT) and PlayStation Network (SNE) users yesterday reported problems with connecting to their online services, Re/code reports. The connectivity issues could be connected to the start of a beta period for the upcoming Bungie-Activision (ATVI) game Destiny, the publication says. Reference Link

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