MCV/DEVELOP News, events, research and jobs from the games industry
Strategy Analytics thinks the upcoming console generation will fall well short of the financial success enjoyed by our current machines. As well as predicting a 15 per cent decline year-on-year for console hardware sales in 2013, the firm also reckons that the expected peak in 2016 will still represent a …
Read More »Analyst predicts $1bn Grand Theft Auto V sales in first month
Grand Theft Auto V will generate $1bn in revenue within a month of its launch, analyst firm Baird Equity Research has claimed. By comparison, GTA IV made $900m during its first month, shipping roughly 3.6m units on day one and making $500m in its first week. Through to the end …
Read More »Nintendo sold 160,000 Wii U’s in three months ending June, is outsold by Wii
Only 160,000 Wii U consoles were sold worldwide in the quarter ending June 2013. The staggering figure eclipses the fact that Nintendo actually posted some improved numbers for the period with net income and operating income both improving. Net sales for the period hit 81,548m, down from 84,813m the year …
Read More »PlayStation sales down 15.1% as Sony lowers handheld sales forecasts once again
Sales in Sony’s games division fell 15.1 per cent in the quarter ending December 31st, although overall Sony has enjoyed somewhat of a reversal of fortune. Games sales hit 268.5bn, hit by decreased sales of PS3 and PSP. Operating revenue fell by 29.2bn year-on-year to 4.6bn. Combined PS3 and PS2 …
Read More »Samsung expected to increase lead over Apple in 2013
Annual growth of 35 per cent is expected to further increase Samsung’s lead over former market leader Apple in 2013. That’s according to Strategy Analytics, which predicts smartphone shipments will grow 27 per cent to 875m units this year, although that’s down sharply from the 41 per cent jump seen …
Read More »Square Enix falls short with expected $69m loss
Having expected to break even for the six months ending September 2012, publisher Square Enix now predicts a 5.4bn loss for the period. The main culprit for this is slower than anticipated sales of free-roaming action title Sleeping Dogs, which has failed to replicate its UK success overseas. The game …
Read More »Nintendo reverses profit forecasts
Having previously predicted that it would post a small profit for the year ending March 31st, Nintendo has now said it expects to make a loss following a poor 2011. An operating loss of 45,000m is the new forecasts, down from a 1,000m profit. Nintendo made an operating income of …
Read More »Square ups income estimates 148%
Square Enix holdings has doubled its net income projections from $19m to $47m after revising its financial forecasts, the company has announced. The group also changed its predicted net sales for the six months ending September 30th, which went up 1.8 per cent to $730m, whilst forecasts for operating income …
Read More »‘Extraordinary losses’ warning from Square Enix
Square Enix has drastically revised its predicted losses for the fiscal year ending March 31st. Describing the change as ‘extraordinary’, the company has increased its forecasted loss from YEN 1bn to YEN 12bn (around 90m). Sales and income are expected to come in slighty below expectations, too. The change was …
Read More »Grave expectations for GAME financials
Leading UK video games retailer GAME reports its annual financials tomorrow – and the national press is expecting a significant slump in profits. The Guardian reports that GAME will report a 60 per cent drop in profits for the year ending January, a downturn it blames on the rise of …
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