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Quick Hits: Microsoft Bests Sony in Video-Game Wars


Brief scrutiny of today's headlines.

Despite constant catcalls from the geeks, Microsoft (MSFT) does get some things right.

The software giant sold 28 million Xbox 360 videogame consoles worldwide through the end of 2008, putting it ahead of Sony's (SNE) PlayStation 3 in worldwide sales. PlayStation's sales total about 16.8 million.

But Nintendo's (NTDOY) Wii Sports sold 40.24 million units through the end of 2008, overtaking Super Mario Brothers as the world's all-time top-selling videogame.

Microsoft cut the price of its entry level console to $199 in September, or about $50 below the Wii console - a major selling point in a downbeat economy.

So far, the video game industry hasn't been hurt by the economic downturn. In 2008, annual sales topped $22 billion.

"It appears that the industry is not affected by the economic woes," NPD analyst Anita Frazier told Investor's Business Daily recently.

That's good news for stockholders, but where's the nanny state on this one?

After all, video games encourage kids to sit around the house, no doubt increasing the risk of obesity, diabetes, myopia and full-frontal lobotomy.
No positions in stocks mentioned.
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