GLOBAL TECH WRAP: With its unfashionable focus away from social media & tablets, Activision cleans up
ACTIVISION-BLIZZARD 4TH QUARTER REVENUE BREAKDOWN
Sony PlayStation Vita (hand-held): $18 million
Nintendo 3DS and DS (hand-held): $82 million
Distribution: $140 million
Nintendo Wii and Wii U (console): $183 million
Sony PlayStation3 (console): $259 million
Online subscriptions: $285 million
Microsoft Xbox 360 (console): $314 million
PC games: $487 million
Source: Activision financial results; all $USD
New-wave gaming companies like Zynga have been getting all the press - thanks to their focus on social media and tablet gaming.
But while Zynga and other struggle to get into the black, Activision-Blizzard is making bucketloads with its old-fashioned focus on game consoles and PCs .
The world's largest computer game company blew away expectations as it announced a quarterly profit of $US354 million (three times the year go figure) on $US1.77 billion.
Activision shares [NAS:ATVI] leapt 11.19% to close at $US13.41 - a 52-week high that pushed its market cap to $US14.92 billion.
The company has already revealed Black Ops 2 - the latest game in its Call of Duty franchise - made $US1 billion in just 15 days during the December quarter (James Cameron's Avatar, the fastest movie to hit that mark, took 17 days).
Today, Activision said its Skylanders franchise - a game aimed at kids - has generated $1 billion revenue since it was first released in late 2011, including $US100 million from toy sales.
The pay monthly online game World of Warcraft slipped from 10 million to 9.6 million subscribers, resuming its long-term decline after a rebound last quarter.
Activision's share surge runs contrary to the prediction of one keen Call of Duty player, whom on November 12 (with Activision shares on $10.77), tweeted:
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