Microsoft (MSFT) is counting on the new video game “Titanfall” to lift the prospects of its Xbox One device, which has fallen behind Sony ‘s (SNE) PlayStation 4 in the next-generation game console market. Released Tuesday, “Titanfall” is exclusive to Microsoft’ s (MSFT) hardware, including the Xbox One, older generation Xbox 360 and Windows PCs. Ask any clerk at GameStop (GME) about the title and he’ll likely say, “It’s the reason to own an Xbox One.” The $60 sci-fi shooting game, developed by Respawn Entertainment and published by Electronic Arts (EA), has earned a composite score on Metacritic of 87, which falls into the range of “generally favorable reviews.” To boost sales of Xbox One, which launched on Nov. 22, Microsoft has been experimenting with price cuts and bundling promotions, as IBD reported. In the U.S., it bundled “Titanfall” at no additional charge with the Xbox One at its standard price of $499. Sony’s PS4 costs $399, a factor that has helped its sales.
The New Jersey Motor Vehicle Commission unanimously voted Tuesday to bar carmakers from selling directly to customers. Electric-car maker Tesla Motors (TSLA) has opened two retail stores in New Jersey after getting dealer licenses from the state. Tesla, which reportedly just learned Monday about the planned vote, says it’s been unable to bridge the gap with New Jersey Gov. Chris Christie’s administration on the new regulation. In a blog posted
The wild swings that shares of fuel cell companies took Tuesday highlighted ongoing questions about the sector’s future amid the wider rush to find alternative sources of energy. Fuel cells, which use hydrogen or gases to generate electricity via chemical reactions, have been touted as having huge potential, but companies in the sector are still seeing little revenue and ongoing losses. Signs that that may be changing sent shares of
Semiconductor sales are off to a strong start for the year. Meanwhile, many chip stocks are in bases or setting up new buy points. Earlier this month the Semiconductor Industry Association said global chip sales rose 8.8% year-over-year to a record $26.28 billion in January. It was the biggest increase in almost three years. “The industry has been in an upturn since the beginning of last year, fueled at least partly by an improving global
The international opportunity for Netflix (NFLX) is greater than expected, with the streaming video service likely to enter France and Germany this year, according to a report by CRT Capital. Potential international market launches through 2016 could realistically expand Netflix’s total addressable market by $7 billion to $10 billion, CRT analyst Neil Doshi said in a report Tuesday. “Following a detailed review of the demand and competitive characteristics of potential launch markets, we believe the probability of NFLX expanding to Germany and France in 2014 is high (we estimate at 75%),” Doshi wrote. “We also forecast a 40% chance of 2014 launches in adjacent markets including Belgium, Austria and Switzerland. By the end of 2016, we estimate a 50% chance of expansion to Italy, Australia and New Zealand, and a 25% chance of expansion to Spain, Czech Republic, Japan and South Korea. Based on the company’s international prospects, Doshi…