The US video game industry continues to lead a charmed life through the recession, with February sales figures released on Thursday showing a 10 per cent year-on-year rise.
The NPD research firm reported total sales of $1.47bn, up from $1.34bn a year ago, with hardware, software and accessories benefiting in fairly equal proportions. Read more
The Flip video camera became a best-seller in the US last Christmas as a cheap, dead simple device for capturing video and uploading it to a computer or the web.
Its maker Pure Digital was also capturing the market for a moment in time and has sold more than 2m units to date.
But Pure Digital’s sale today to Cisco may also be a perfectly timed exit for its VC backers – much bigger competitors are bearing down on the startup, looking to copy its success. Read more