MCV/DEVELOP News, events, research and jobs from the games industry
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 »Intergi Europe triples revenue in first year
Games-centric advertising agency Intergi has announced that revenues at its new European arm have tripled in its first year. Intergi established its London office in July 2012. It also operates out of New york, Los Angeles, San Francisco and Florida. It intends to open Australian and Canadian offices in 2014. …
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 »Take-Two reduces losses; Max Payne ships 4m; BioShock ships 3.7m
Grand Theft Auto publisher Take-Two has reported a drop in losses for the year ending March 2013. Total net losses for the period reached $31.2m, significantly down on last year’s $107.7m loss. Revenues climbed from $825.8m in 2012 to $1.21bn. For the fourth quarter revenues doubled from $148.1m to $300m. …
Read More »Sega suffers sales and operating income dip although Sonic and Aliens pass 1m units sold
Japanese publisher Sega Sammy has reported an 18.7 per cent drop in net sales for the year ending March 31st 2013. In total the numbers fell from 395,502m to 321,407m. Operating income dropped 67.3 per cent to 19,073m. However, a number of factors including sales of investment securities, employee pension …
Read More »Revenue leaps 56% at Microsoft’s Xbox division; Console sales begin to fall
Ye olde Xbox 360 continues to defy its years. Microsoft’s Entertainment and Devices Division – home of amongst other things its Xbox operations – saw revenues increase 56 per cent year-on-year for the three months ending March 31st, hitting $2.53bn. The numbers were credited to higher Xbox 360 platform and …
Read More »Angry Birds’ Rovio doubles its revenues
Business has been good for the Angry Birds developer as the company’s revenues doubled year-on-year in 2012. The studio’s revenue was €152.2m, up 101 per cent from 2011’s €75.6m.Earnings before interest and taxes (EBIT) grew by 64 per cent to €76.8m. 2012 was another record-breaking year for Rovio. We doubled …
Read More »Income halved at Konami
Publisher Konami has seen a 48 per cent drop in net income for the nine months ending December 31st. The final figure came in at 8.82bn, down from 17bn the year before. Revenue fell 18 per cent to 160.1bn. The company’s Digital Entertainment division accounted for roughly half of its …
Read More »Digital revenues rocket as Take-Two downplays next-gen GTA V talk
Take-Two has reported a near doubling of revenue of $415.8m for the quarter ending December 31st 2012. Digital revenues climbed by an impressive 244 per cent, accounting for 23 per cent of the company’s overall non-GAAP revenue. Net income for the period climbed from $14.2m last year to $70.9m. Borderlands …
Read More »Further digital growth at Future as UK leads the way
Future PLC has announced digital revenue growth of 24 per cent for its most recent financial quarter. Overall group revenues were down three per cent, although the UK outperformed this with revenues falling just one per cent. Furthermore, Future’s US operations remain on track for profitability in 2013, despite further …
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