MCV/DEVELOP News, events, research and jobs from the games industry
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 »Operating profit up 4331% at Puzzle & Dragons maker GungHo
Puzzle & Dragons creator GungHo saw operating profit climb 4,331.2 per cent per cent year-on-year for the six months ending June 2013. Serkantoto.com reports that operating profit totalled $460m for the period. Sales climbed 945.5 per cent to $763 with net income growing 2,609.2 per cent to $287m. For the …
Read More »Revenue up and profit down as Apple posts growing iPhone sales and declining iPad numbers
Apple has posted higher than expected profit amidst growing sales of its iPhone 5. Net profit hit $6.9bn, a 22 per cent year-on-year decline compared to same quarter last year. Revenue grew slightly from $35bn last year to $35.5bn. Average sale price fell from $608 to $581. It sold 31.2m …
Read More »Microsoft: Console still accounts for 42% of the total video games market
With Microsoft and Sony about the throw millions and millions of pounds at launching their next-gen consoles, some observers may quite rightly ask one question – why? After all, mobile and casual games are the new frontier, right? Folk don’t want to spend 50 on triple-A games, let alone anything …
Read More »GungHo’s Puzzle & Dragons makes $3.76m per day
Japanese smartphone game Puzzle & Dragons is making some serious cash for owner GungHo. Serkantoto.com reports that the iOS and Android game made an eye-watering $133m in April alone, according to GungHo president Kazuki Morishita. That equates to a staggering $3.76m per day. GungHo’s overall sales reached 12bn ($199m) in …
Read More »Square Enix promises reforms as profit flips to loss
Various strategic reforms” are on the way for Square Enix after the company confirmed a year of losses for the 12 months ending March 2013. Although net sales climbed 15.7 per cent for the period, an operating loss of 6,081m and a net loss of 13,714m was reported. That compares …
Read More »Nintendo misses income target by half, posts second successive annual loss; Wii U sells 3.45m units
As predicted by analysts, Nintendo has failed to return to profitability and posted its second successive annual loss. For the year ended March 31st net sales reached 635.422 (4.2bn) – 5.2 per cent short of the company’s 670,000m (4.42bn) forecast. Net income missed its 14,000m (920.3m) target by a whopping …
Read More »There’s still money to be made on PC, insists Capcom
PC versions of triple-A releases still tend to get less love than the console SKUs, but profit still awaits those who properly plan a PC release. That’s according to Capcom, which told True PC Gaming that developing the PC version of DmC: Devil May Cry was not only stress-free, but …
Read More »Wii U hardware is profitable for Nintendo after one game purchase
Nintendo might be selling Wii U hardware at a loss, but each sale should still result in a profit for the platform holder. The Wii U hardware will have a negative impact on Nintendo’s profits early after the launch because rather than determining a price based on its manufacturing cost, …
Read More »Crysis struggles to break even as dev ponders free-to-play switch
It’s one of the biggest triple-A franchises in gaming – so it might surprise you to learn that Crysis is struggling to break even. I’m not talking about being greedy and we want more sales. But effectively Crysis 1 and 2 and 3 are just about breaking even. If we …
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