Tag Archives: loss

Disney’s games division drags down financials

The Interactive business was notable in Disney’s recent financials for being the company’s only unit to fail to post a profit. GameSpot reports that Disney Interactive, home to amongst other things its video games operations, was the only one to post a loss for both Disney’s most recent quarter and …

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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 …

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Nintendo will sell Wii U at a loss; Analyst questions launch sale predictions

Some may have been surprised at the Wii U’s relatively high launch price, but Nintendo will still be selling the hardware at a loss. In addition to the yen’s continuous appreciation, the Wii U hardware will have a negative impact on Nintendo’s profits early after the launch because rather than …

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Square Enix on track for FY2013 sales and income boost

Japanese publisher Square Enix believes it is on track to see an increase in both net sales and net income for the current financial year. That’s despite posting an operating loss of 1,163m for the three months ending June 2012, which is down from the 2,178m profit posted in the …

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Toys R Us posts £60m Q1 loss

Retail giant Toys R Us posted a $60m loss for its financial quarter ending April 28th, 2012. However this was a $7m improvement compared to the same period last year, where the retailer made a $67m loss. Net sales reached $2.6 billion, a decrease of 0.9 per cent or $24 …

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Sony reports £3.5bn annual loss

Japanese electronics giant Sony has reported a 456.7bn (3.5bn) loss for the year ended March 31st 2012. That’s significantly down on the 259.6bn loss reported the year before. The company’s Consumer Products and Services Division, which houses its PlayStation operations, posted a 229.8bn loss, down from last year’s 10.8bn profit. …

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Nintendo reports first ever annual loss

3DS and Wii platform holder Nintendo has reported a 37,320m (284m) loss for the year ended March 31st 2012. That compares to a profit of 171,076m in the previous years. 2012 sales were down 36.2 per cent year-on-year at 647,652. Despite the improved fortunes of 3DS, handheld sales fell from …

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Lumia fails to shine as Nokia posts 1.34bn loss

Nokia’s first stab at reversing its torrid fortunes appears not to have taken off. The company has reported a €1.34bn loss for its 2012 Q1 with smartphone sales tumbling 52 per cent year-on-year. 2m Lumia handsets were sold in the period, and Nokia is predicting a similar performance from Q2. …

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Focus on gaming increased as Sony reveals turnaround plan

PlayStation has been given the full backing of Sony CEO Kaz Hirai today as the executive outlined a plan to reverse Sony’s sliding fortunes. The company has admitted that it will post a loss of around $6.4bn for the current financial year and shares in the company fell by seven …

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Sega to downsize, axe certain games

Sega is expecting a loss of 54m (7.1bn) as it restructures its US and European operations. Parent company Sega Sammy Holdings has today said it will carry out a ‘structural reform’ of Sega’s consumer business. It said it will ‘streamline’ its US and European video game operations and create a …

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