MCV/DEVELOP News, events, research and jobs from the games industry
Despite widespread scepticism concerning Sony’s virtual world Home, the service continues to track record user levels and is making a profit for the platform holder, PSN boss Peter Dille has confirmed. We had the highest traffic in December since we launched with 10m users worldwide,” the exec told IGN. The …
Read More »Namco: 09 was an uphill battle
Japanese publisher Namco Bandai has reported a loss of 81.3m for the nine months ending December 31st 2009 – a sharp drop from the 62.3m profit it saw in the same period the year before. So bad were the results that Namco Bandai has confirmed that it is to shed …
Read More »Apple profits soar 50%
Tech lifestyle leader Apple has revealed a 50 per cent year-on-year jump in profits for the quarter ending December 26th. Income for the period hit $3.38bn, drastically up from the $2.26bn in the same period in 2008. Sales climbed from $11.9bn in 2008 to $15.7bn this time around. The numbers …
Read More »Google revenues surge 17%
It seems that global economic slowdown has yet to reach the sunny vistas of California’s Mountain View with news that Google’s revenues enjoyed a year-on-year increase of 17 per cent for the quarter ending December 31st 2009. Total revenues hit $6.67bn for the period, up from the $5.7bn in the …
Read More »Annual Take Two losses hit $137.9m
North American publisher Take Two has reported losses of $137.9m for its fiscal year ending October 31st. This compares to a net income of $97.1m last year. Revenue for the year hit $968.5m, which is down from $1.5bn year-on-year. 2008’s numbers were far higher thanks to the release of next-gen …
Read More »Tesco sales rise year-on-year
Leading UK supermarket chain Tesco has seen its annual Q3 sales increase 2.8 per cent year-on-year with ‘heavy discounting’ named as one of the chief reasons for its success. Non-food items such as toys and electrical goods performed particularly well. Total annual growth hit 8.8 per cent. The news comes …
Read More »Losses increase at Playlogic
Amsterdam-based publisher Playlogic suffered a net loss of $6.7m for the nine months ending September 30th – a significant increase on the $2m loss suffered in the same period a year before. Net losses for the quarter ending September 30th reached $3.2m, only just above the $3m loss in the …
Read More »PSP delivers for Marvelous
Flying in the face of what you might guess to be the case, Japanese production company Marvelous Entertainment has admitted that it has seen far greater returns from its PSP operations this year than it has from its Wii business. Siliconera reports that the firm said that three of its …
Read More »Ubisoft H1 sales fall 51.7%
French publishing giant Ubisoft has released its H1 2009/2010 financials, ending September 30th 2009, which reveal that sales of the company’s software sales fell by 51.7 per cent compared to the same period the year before. Total sales for the six months ending September hit €166m – last year that …
Read More »Konami predicts profit slump
Ahead of the publication of firm numbers for its current financial year, publisher Konami has issued a stark word of caution to investors, warning them that the numbers are likely to bring bad news. Konami expects that profits for the current financial year will be 82 per cent down on …
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