MCV/DEVELOP News, events, research and jobs from the games industry
Nintendo’s latest quarterly reports have shown a $233m loss, with the bottom finally dropping out of the Wii U market. Wii U hardware sales fell by over 50 per cent for the three months ending June to just 220 units while 3DS sales fell by seven per cent to 940k. …
Read More »‘Extremely humbling’ H2 2015 leads to 50 job cuts at Glu
Glu has admitted that Katy Perry Pop has failed to replicate the success of its Kim Kardashian Hollywood title. Games Industry reports that CEO Niccolo de Masi has admitted that the second half of last year was extremely humbling” for the company, having failed to capitalise on its colossal Kardashian …
Read More »Amazon posts $544m Q3 operating loss as Fire Phone bombs
Online retail leader Amazon has posted an operating loss of over half a billion dollars for Q3 2013. The total of $544m is over 20 times more than the loss posted in the same period last year. Net losses reached $437m – up ten times year-on-year. Revenues, however, grew 20 …
Read More »Sony loss estimates more than quadruple
The PlayStation business may be buoyant, but significant struggles in the mobile sector are causing havoc with Sony’s financials. For the full year ending March 2015 Sony now expects full year losses to reach 230bn (1.3bn). That’s nearly five times greater than its previous estimate of 50bn (286m). It’s the …
Read More »PS4 hardware already profitable; Half of owners subscribed to PS+
Sony’s has bucked traditional hardware sales modelling by achieving a profit on each PS4 sold just six months after launch. Back in September the company said it would make a loss on each launch unit sold, although this would be recouped proving customers also purchased a game and a PlayStation …
Read More »Strong PS4 sales unable to stop Sony posting another loss
Sony’s gaming division has, as expected, posted its fourth annual loss in five years. Net losses totalled 128.4bn for the year ending March 31st. Operating income fell by 200bn to 26.5bn. Sony’s games division reported an operating loss of 8.1bn, down from last year’s 1.7bn profit, a figure mostly blamed …
Read More »Iwata: A fourth year of losses would be ‘unacceptable’
Nintendo boss Satoru Iwata has vowed to prevent Nintendo suffering another year of losses. Having reported its first ever loss in 2010, the company yesterday reported its third successive annual loss on the back of weak Wii U sales and lower than expected 3DS sales. Two and three fiscal years …
Read More »Strong Q4 leads to annual profit for EA; US Titanfall sales revealed and Respawn deal extended
A decline in physical sales was not enough to stop a strong Q4 help EA to an annual profit for the year ending March 31st. GAAP income for the quarter hit $367m, up from $323m the year before. Digital revenue grew from $453m last year to $491m while physical game …
Read More »Nintendo posts third year of losses as Wii U misses targets, expects machine to increase sales in year ahead
Wii U fell just short of Nintendo’s already reduced sales forecasts in Nintendo’s last financial year, leading to a third straight annual loss for the firm. In 2010 Nintendo posted its first ever annual loss, but a repeat in 2013 and yet again in its most recent year makes for …
Read More »Pincus steps down as Zynga CPO following $61m loss
Zynga co-founder Mark Pincus is to step down from his role as chief product officer. He stepped down as Zynga CEO last July after that role was taken by former Xbox boss Don Mattrick. Pincus will continue to serve as chairman of the board in a non-operational capacity. Alex Garden, …
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