MCV/DEVELOP News, events, research and jobs from the games industry
"These store closures are not related to recent business trends"
Read More »GameStop outlines plans to cut another 300+ stores worldwide
‘Strong results this quarter illustrate the power of our live services and core franchises’ says EA CFO
"We’re investing in games that people play for longer and engage with much more deeply"
Read More »Team17 reports ‘record breaking performance’ as half-yearly revenue jumps 97%
“Our results really underline the dedication and hard work of our people"
Read More »HQ Trivia lays off 20% of its staff
Troubled mobile quiz developer struggles with 92% YoY drop
Read More »Apple profits fall for the first time in 15 years
Apple has announced that its annual sales and profits have fallen for the first time in the last 15 years. Apple’s financial report stated that sales of its devices totaled $215.6bn, which is a drop of around 8% when compared to last year’s $233.7bn of sales. Unsurprisingly this drop in …
Read More »NX and smartphones to return ‘Nintendo-like profits’
Nintendo president Tatsumi Kimishima says the twin release of the NX and smartphone titles will restore balance at Nintendo. It has been our priority to take a close look at areas of our existing business where the revenue and expenses had become unbalanced, and to make sure that we corrected …
Read More »Revenue and profit fall at Nintendo
Nintendo’s net profit for the nine months ending December 31st slumped 31.9 per cent year-on-year to 40.55bn. Net sales fell 3.9 per cent to 425.66bn. However, Nintendo has now already hit its full year net profit target of 35bn. Operating income for the period was up 34.4 per cent at …
Read More »Nintendo says smartphone business will quadruple profits
The long-awaited debut on Nintendo on smartphones will have a dramatic effect on Nintendo’s profit, president Tatsumi Kimishima has said. Its debut smartphone title Miitomo also remains on track for March, the exec had asserted. The first fruits of Nintendo’s partnership with Japanese mobile publisher DeNA had been due out …
Read More »Tencent continues to reign as world’s largest games company
Chinese gaming giant Tencent has reported profits in excess of $1bn in its first financial quarter. Profits reached $1.1bn, up eight per cent year-on-year, while revenues jumped 22 per cent at $3.65bn. Operating profit climbed 20 per cent to $1.5bn. Online game revenue grew 29 per cent to $2.1bn while …
Read More »GAME CFO steps down as profits dip
The honeymoon period for the new GAME shows no sign of returning with a drop in profit and the news that the retailer’s CFO is stepping down. Group revenue for the 26 weeks ending January 24th fell 0.7 per cent to 586.4m, with gross profit down 1.6 per cent at …
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