MCV/DEVELOP News, events, research and jobs from the games industry
The record $5.9bnbuy-outby Activision was just about the only positive number for King last year. The Candy Crush studio has revealed its latest financials, which show that annual profit for 2015 dropped by a tenth to land at $517 million. Meanwhile, revenues were down 12 per cent to $2 billion. …
Read More »‘Extremely humbling’ H2 2015 leads to 50 job cuts at Glu
Glu has admitted that Katy Perry Pop has failed to replicate the success of its Kim Kardashian Hollywood title. Games Industry reports that CEO Niccolo de Masi has admitted that the second half of last year was extremely humbling” for the company, having failed to capitalise on its colossal Kardashian …
Read More »Konami profit leaps 159.9%
Doggedly refusing to buy into the current gloomy narrative surrounding the company, Konami has had the audacity to post some very strong quarterly numbers. Profit for the quarter ending June soared 159.9 per cent to 4.28bn, while revenue climbed 5.3 per cent to 51.2bn. Konami’s games arm, Digital Entertainment, also …
Read More »Apple makes $11bn profit in Q3, but stays quiet on Apple Watch sales
Consumers might be buying fewer iPads, but Apple’s unlikely to run out of money anytime soon. The tech titan has released its financials for its Q3 period, revealing that it generated nearly $11 billion in profit over the last three months. This is a good third higher than the same …
Read More »Konami profits are up year-on-year
Publisher Konami has reported a 147 per cent increase in net profit for the year ending March. The numbers don’t quite fit the wider narrative of a company in decline, what with the recent fallout with Metal Gear creator Hideo Kojima and the cancellation of Silent Hills – both of …
Read More »Nintendo back in the black with net income of 41.8bn yen
Platform holder returns to profit, surpassing forecasts by more than 10bn yen
Read More »UPDATED: Wii U sales double year-on-year
Sales of the Wii U in the half year ending September hit 1.12m – over double the 460k sold in the same period the year before. Wii U software sales grew from 6.3m units to 9.4m units. Lifetime sales of the Wii U, which Nintendo describes as enjoying improved sales …
Read More »PlayStation business back in profit as PS4 production costs fall
Sony has credited the strong” performance of PS4 for a good performance in its quarter ending June 30th. Sony’s overall numbers saw sales and operating revenue climb 5.8 per cent to 1,809.9bn, with operating income nearly doubling at 69.8bn. The Game and Network Services division, home of its PlayStation business, …
Read More »Nintendo losses jump despite 2.82m Mario Kart 8 sales and Wii U boost sales
Q1 has delivered mixed fortunes for the struggling Nintendo. On the positive side Mario Kart 8 has sold 2.82m copies in just over a month, representing an attach rate of over 40 per cent among Wii U oners. And in the quarter ending June 30th Nintendo sold 510k Wii U …
Read More »EA profits soar 50%
EA in its last quarter generated 51 per cent more profit year-on-year on the back of impressive sales across its console and mobile operations. Net GAAP income rose to $335m (196.5m) for the quarter ending June 30th, up from $222m the year prior.Revenues also grew from $949m to $1.2bn during …
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