MCV/DEVELOP News, events, research and jobs from the games industry
The financial quarter ending June 27th 2009 bought mixed fortunes for the games arm of global giant Disney, with sales down but operating loss reduced. Sales fell by 20 per cent year-on-year, dropping to $113m. However, operating loss was reduced from $91m in 2008 to $75m this year. The savings …
Read More »PlayStation revenues down 18%
Sony has joined fellow platform holder Nintendo is posting year-on-year sales declines for its financial quarter ending June 30th, with revenues in its PlayStation business down 18 per cent year-on-year. Revenues for the recently formed Network Product and Services Division, which houses both the PlayStation business and its Walkman operations, …
Read More »Nintendo Q1 profits tumble 61%
Nintendo has become the latest video games company to suffer significant year-on-year declines, with net profits down 60.6 per cent in Q1 2009-2010 to YEN 42 billion, compared to YEN 107 billion in the same period a year before. The firm this morning reported operating profits of YEN 40bn for …
Read More »Xbox sales up year-on-year
Whilst the overall picture for Microsoft is yet again one of declining revenues and income, its Entertainment & Devices Division – which houses its Xbox operations – has reported its second year of profitability, validating the huge outlays the tech firm invested into its long term games strategy. In the …
Read More »5.2m iPhone sold in Q2
Apple has reported impressive revenue and profit growth in its financial results for Q2 2009. The company generated revenues of $8.34bn during Q2 (its third quarter), up 12 per cent year-on-year. Meanwhile, its net profits jumped 15 per cent to $1.23bn. Click here for the full story on Mobile Entertainment.
Read More »Nokia and Sony Ericsson report grim results
Two of the biggest mobile phone firms foolish enough not to have invented the iPhone have delivered very bad news this morning, with both Nokia and Sony Ericsson suffering declines in sales and revenues. Nokia has posted revenues of €9.9 billion for Q2’09, down 25 per cent year-on-year, but up …
Read More »NCsoft profits fall in 2008
Korean MMO specialist NCsoft has recorded a fall in both operating profit and net profit for its 2008 fiscal year, though its results for the final quarter of the year were all positive, leading to a strong outlook for 2009. Fiscal 2008 operating profit fell 15 per cent year-on-year to …
Read More »Nvidia reports large losses
Graphics chips vendor Nvidia’s results for fiscal Q4 revealed a $147.7 million net loss, while for the year as a whole the firm made a loss of 30 million. Q4 revenue was $481.1 million, compared to $1.2 billion for the same period the previous year. The firm blamed a ‘difficult …
Read More »Konami enjoys strong 2008
Net income for the nine months ending December 31st 2008 reached YEN 17,826, a 17 per cent increase on the same period the year before. Operating income for the period hit YEN 34,703m, up from the YEN 27,610m seen in the same period the year before. Net revenue climbed from …
Read More »Disney Interactive sees losses despite revenue hike
Disney Interactive Media has reported a 13 per cent increase in revenue for the quarter ending December 31st 2008, but has nonetheless suffered a loss for period. Revenue reached $313m, up from $276m in the same period the year before. This wasn’t enough to prevent a loss of $45m, down …
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