The Wall Street Journal: Microsoft’s new Xbox ditches discs, will offer only downloaded games [MarketWatch]
Electronic Arts Inc. (EA)
Last electronic arts inc. earnings: 1/30 04:01 pm
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Source: MarketWatch
Microsoft’s new Xbox ditches discs, will offer only downloaded games Microsoft Corp. is planning to sell an Xbox videogame machine that doesn’t use discs or cartridges, a first for a major console maker and a move that brings the industry a step closer to an all-digital, streaming future. The new device, due May 7, will have the same hardware specs as the lower-tier Xbox One S model — Microsoft MSFT, -0.23% sells a higher-end Xbox One X — minus the slot for physical media. It will come with a terabyte of storage for downloading games and cost $249, about the price of a discounted Xbox One S model over the holiday season. Fewer people are buying games at stores, putting the media on the same path as movies and music. Downloads are a boon for publishers, yielding fatter margins since they sidestep packaging and shipping, and giving retailers a cut of the profits. Electronic Arts Inc. EA, -4.11% said 47% of console-game unit sales in 2018 were downloads, up from 37% a year earlier.
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EA
Earnings
- 1/30/24 - Miss
EA
Sec Filings
- 4/16/24 - Form 4
- 4/10/24 - Form SC
- 4/2/24 - Form 4
- EA's page on the SEC website