MCV/DEVELOP News, events, research and jobs from the games industry
Ubisoft has reported sales of €508 million for the third quarter of 2008-09, up 12.9 per cent – or 17 per cent at constant exchange rates – on the €450 million recorded a year previously. For the first nine months of fiscal 2008-09 sales totaled €852 million, versus €711 million …
Read More »Microsoft to cut 5,000 jobs
Leading software developer and Xbox 360 platform holder Microsoft has confirmed the speculation that it is to slash 5,000 members of its global workforce following an 11 per cent year-on-year decline in net profit. For the three months ending December 31st the firm reported a net profit of $4.17bn. Shares …
Read More »1,000 jobs to go at Nokia
Finnish mobile phone company Nokia has announced that 1,000 people are to lose their jobs following a drop in net income of 69 per cent to €576m for the quarter ending December 31st – the firm’s worst Q4 results since 2001. Revenue fell 20 per cent to €12.7bn, whilst sales …
Read More »Retail threatened by credit ‘crisis’
The UK High Street is battling to prevent a nationwide games stock shortage – as credit insurers cut cover against the industry’s biggest retailers. MCV understands that credit insurers including Atradius, Coface and Euler Hermes have slashed cover on stock sold in to some retailers – including Toys R Us, …
Read More »Apple reports record results
The sad news of Steve Jobs’ departure has been quickly forgotten at Apple as the leading lifestyle technology company reported record results for the three months ending December 2008. Apple sold 7.3bn worth of products in the period, making 1.1bn of profit in the process – both results were all-time …
Read More »eBay suffers steep Q4 income drop
Internet auction giant eBay has revealed that revenues for Q4 2008 were down seven per cent on the same period in 2007, reaching $2.04bn – far lower than analysts had predicted. Worse still, revenue for Q4 was down a hefty 31 per cent on the quarter before. We’ve been operating …
Read More »Currys and PC World merger trialled
PC World and Currys parent DSGi has launched a trial store combining both brands. The site, based in Surry, is understood to be 15,000 square foot and contains a product mix incorporating both retailer’s portfolios. This is in line with a general revamp across all brands MCV’s sister site PC …
Read More »SCEE has no plans to reduce headcount
SCE has confirmed to MCV that it has no plans to reduce the headcount of its European operations as part of Sony’s worldwide cost-saving restructuring efforts. The assurance follows the news that Sony has revised its earnings forecast and increased its predicted losses for the year ending March 31st. It …
Read More »Mario & Sonic Olympics 2 in development?
A source close to MCV’s sister site CasualGaming.biz has indicated that Sega is working on Mario & Sonic at the Winter Olympics. Based on the upcoming Vancouver Winter Olympics 2010, the game looks to follow the success it has enjoyed with Mario & Sonic at the Olympic Games, which was …
Read More »Wii version of Spore on the way
EA Maxis has confirmed it will be releasing four new titles in the Spore series before the end of 2009, including expansion packs and standalone products and, for the first time, a Wii iteration of the franchise. Spore senior producer Morgan Roarty revealed the four releases will be spread across …
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