Video game diehards play to win. Apparently, so do video game publishers.
At that time, Activision went from projecting $1.10 a share in profits for the full fiscal year to $1.25. Now it's raising that mark once more to $1.29 a share on $934 million in revenue. It's looking to top the billion-dollar mark on higher profits next year.
While the company is a distant second to Electronic Arts
As Nintendo, Microsoft
There's no harm in working all three controllers with the same hand. Last week, Electronic Arts upped its fiscal 2003 outlook, as well. While PlayStation2 is still the platform of choice, they're all gaining new users.
Rolling into the holiday shopping season, Activision and the rest of the players are hoping the economic funk won't rain on their parade. The sector has weathered the storm so far, but that doesn't mean every game publisher is winning.
Activision is scoring well right now. Let's hope that history keeps the company in the game.