MCV/DEVELOP News, events, research and jobs from the games industry
Take-Two has reported a 65 per cent drop in profit to $14.2m for its fiscal Q3 ending December 31st 2011. The Rockstar and 2K parent generated $236.3m in sales during October, November and December. This represents a 25 per cent year-on-year dip compared to the $334.3m made in the same …
Read More »Iwata: 3DS has proved handheld market is alive
The rejuvenation of 3DS has proved wrong those who though the smartphone boom had destroyed the handheld market, Nintendo boss Satoru Iwata has said. The Japanese exec has also claimed that the company will once again register a profit on each 3DS sold in the first half of its next …
Read More »Nintendo reverses profit forecasts
Having previously predicted that it would post a small profit for the year ending March 31st, Nintendo has now said it expects to make a loss following a poor 2011. An operating loss of 45,000m is the new forecasts, down from a 1,000m profit. Nintendo made an operating income of …
Read More »Xbox drives Microsoft EDD to record sales
A successful Christmas for Xbox 360 hardware and software saw Microsoft’s Entertainment and Devices division post record sales of $4.24bn for the Christmas quarter. That’s a 15 per cent year-on-year increase over 2010. The division registered a profit of $530m, which represents an annual decline of 28 per cent. 8.2m …
Read More »New web retailer shares pre-owned revenue with publishers
An internet rental specialist has promised to share its used game profits with publishers. OnePlayS offers a video game rental subscription service similar to LoveFilm. The difference is it lets users buy the game they’ve rented – second-hand – if they like it. Then it shares the money with the …
Read More »Take-Two reports increased losses
Grand Theft Auto publisher Take-Two has reported a drop in revenues and increased losses for the quarter ending September 30th. Losses reached $47.3m compared to $8m for the same quarter in 2010. Revenue fell from $245m to $107m year-on-year. The numbers, nonetheless, were better than expectations, driven mostly by strong …
Read More »Activision profits triple as digital surpasses boxed
Call of Duty and World of Warcraft publisher Activision has reported a near tripling of profits for the quarter ending September 30th. Total profit came in at $148m – that’s up on the $51m reported in the same period in 2010. Sales also far exceeded expectations, coming in at $627m. …
Read More »Revenues jump, profits fall at Zynga
Zynga’s revenue for the third calendar quarter nearly doubled to reach a new record, but the firm’s exorbitant investments continue to squeeze profits. For the three months that ended on September 30th, Zynga made $307 million, driven by in-game advertising and virtual goods purchases. That represents year-on-year revenue increase of …
Read More »Sega Sammy reports revenue and profit falls
Japanese gaming giant Sega Sammy Holdings has reported a fall in both revenue and profit for the six months ending September 30th. Revenue fell to 1.2bn, a decline of 29.9 per cent. Net profit fell 83.7 per cent to 30m. Unsurprisingly the Japanese earthquake was the chief culprit in the …
Read More »Xbox division posts another quarter of growth
Microsoft’s Entertainment and Devices Division has reported another annual revenue increase, though falling Xbox 360 sales hint that perhaps thoughts in some quarters have turned to the next generation. Revenue for the three months ending September 30th hit $1.96bn, up nine per cent on last year’s $1.8bn. Xbox revenue in …
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