MCV/DEVELOP News, events, research and jobs from the games industry
The Japanese market for social network games is expected to soar over the course of the current year. Numbers from Enterbrain show that the sector will climb from $2.6bn in FY 2011 to an anticipated $3.4bn in FY 2012 – that’s a year-on-year jump of 30.7 per cent. A survey …
Read More »EA is well positioned for next-gen success, analysts believe
The management team at EA has convinced analysts that the publisher is well positioned to thrive in the next-gen games market. That isn’t enough to prevent the current financial year being a challenging one, Baird Equity Research’s Colin Sebastian warns, but it bodes well for life beyond the current generation …
Read More »Apple misses analyst forecasts but reports annual growth
A jump in both iPad and iPhone sales has lead to a strong quarter for Apple, although its numbers fell short of analyst’s expectations. Revenue hit $35bn for Q3 2012, up from $28.57bn the year before. Analysts had expected Apple to reach over $37bn. Net income climbed from $7.3bn to …
Read More »Digital growth keeps Future on track
Future PLC has revealed strong digital revenue growth in its interim results for the half-year ended March 31st 2012. Statutory revenue for the period fell 11 per cent to 61.1m with operating profit falling 33 per cent to 1.2m. Normalised revenue was down four per cent and profit down five …
Read More »Apple reports yet more staggering growth
The Eurozone crisis, global debt levels and international recession. None of which are terms respected by Apple. The company last night reported revenue of $39.2bn for its fiscal Q2 – that’s up from $24.7bn in the same period last year. Profit shot up from $6bn to an incredible $11.6bn. iPhone …
Read More »Microsoft reports UK growth for Xbox Live
Paid-for Xbox Live games and content are enjoying good growth” in the UK year-on-year, says Microsoft. In an interview with MCV, Xbox Live’s UK product manager Pav Bhardwaj said this includes Arcade releases, Games on Demand titles and extra add-on content. We don’t have any particular numbers as such, but …
Read More »Huge growth predicted for Indian games industry
The Indian games industry is expected to grow by 38 per cent to Rs 18 billion ($359m) in 2012 and to a staggering Rs 46 billion ($917m) by 2016. Console gaming was the biggest revenue earner in 2011, accounting for 55 per cent of the market.But this does not include …
Read More »GameStop "expects to open stores opportunistically"
Retail giant GameStop has said it expects to open international stores opportunistically while keeping square footage flat”. The statement comes as behind-closed doors negotiations between GAME and other companies continue ahead of its move into administration in nine days time. For Q4 the retailer suffered a 3.6 per cent drop …
Read More »MS: Xbox can defy economy and grow for 7th consecutive year
The world may be waiting for news of a new console, but Microsoft is focused on making 2012the biggest year in Xbox 360 history. The platform holder has told MCV it believes it can defy the economy and record a seventh straight year of growth with its ‘strongest portfolio’ ever. …
Read More »Sony keen on free-to-play PSN growth
PlayStation’s digital publishing arm wants developers to pitch free-to-play games for PSN, an executive at the company has said. Ted Regulski, manager of SCEA Developer Relations, said Sony has changed its philosophy and is now open to any business model”. One thing we’re working on quite a lot is free-to-play,” …
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