Tag Archives: loss

Mass Effect 3 loss could cost GAME £2m

The consequence of GAME not stocking Mass Effect 3 could be 2m of lost profit and a 6-7m drop in revenue, one analyst has predicted. Working on the assumption that a decent triple-A title sells 0.8m-1m titles in the first few weeks of release in the UK and assuming GAME …

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Take-Two profits drop to $14.2m

Take-Two has reported a 65 per cent drop in profit to $14.2m for its fiscal Q3 ending December 31st 2011. The Rockstar and 2K parent generated $236.3m in sales during October, November and December. This represents a 25 per cent year-on-year dip compared to the $334.3m made in the same …

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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 …

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Take-Two reports increased losses

Grand Theft Auto publisher Take-Two has reported a drop in revenues and increased losses for the quarter ending September 30th. Losses reached $47.3m compared to $8m for the same quarter in 2010. Revenue fell from $245m to $107m year-on-year. The numbers, nonetheless, were better than expectations, driven mostly by strong …

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Exchange rates pull Ubisoft from profit to £32m loss

Paris headquartered publisher Ubisoft has reported a 32m loss for the first half of the financial year, despite preventative measures to curb expenditure. Revenues for the most recent three months, ending September 30th, were positive. Ubisoft sold 125m of goods for this period, up by about 40 million year-on-year and …

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Sega Sammy reports revenue and profit falls

Japanese gaming giant Sega Sammy Holdings has reported a fall in both revenue and profit for the six months ending September 30th. Revenue fell to 1.2bn, a decline of 29.9 per cent. Net profit fell 83.7 per cent to 30m. Unsurprisingly the Japanese earthquake was the chief culprit in the …

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Losses grow but EA sales beat expectations

Publisher EA has published higher than anticipated sales numbers for its financial Q2 ending September 30th 2012. In total sales hit $1.03bn for the period – a 17 per cent year-on-year increase. Losses for the period also increased, however, hitting $340m. That’s a $139m year-on-year increase. The big successes of …

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OPINION: Loss-leading at its smartest

If you think it’s hard getting games to stand out amongst the Christmas blockbusters of FIFA and Call of Duty, try being a retailer. Each year there appears to be another outlet or two trying to muscle in on a market already crammed full of competitors. This year Bee.com is …

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Nintendo losing money on every 3DS sold

A report from Bloomberg Japan translated by Andriasang claims that Nintendo will lose money on every 3DS it sells once yesterday’s price cut is introduced. Nintendo CEO Saturo Iwata justified this strategy at a Japanese press conference by saying that such major moves were necessary in order to improve fiscal …

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Smartphone sales plunge 34% in dismal quarter for Nokia

This must be regarded as the low point for Nokia as the company deals with plummeting legacy device sales before the new WinPho era begins. Today’s Q2 financial report reveals the depth of the Finnish firm’s current plight. Year on year revenue fell 11 per cent from €1bn to €927m, …

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