EA Hit With a $641mill Loss

Today according to IGN, EA has suffered a financial loss of $641 million
over the third quarter of the financial year and will soon be looking
shutting down 12 of their operating facilities that will negatively affect over 1,000 jobs.

In 2008 EA introduced some new IP's to the market in such titles
as Mirror's Edge, Dead Space and Battlefield: Bad Company which have
all sold over a million copies. From industry reviews and my own
personal experience EA has definitely stepped the quality of their
games way up from past years. In fact according to VGChartz, Battlefield: Bad Company is nearing the 2 million sold mark.

Nevertheless, while all this is good news, it has not been nearly
enough to help EA dig out this deep financial hole.

According to IGN;
"Our holiday quarter came in below our expectations and we have
significantly reduced our financial outlook for fiscal 2009, a clear
disappointment. We delivered on game quality and innovation in calendar
2008, with 13 titles rated 80 or above - more than any third-party
publisher. We expect to build on this great quality record in the year
ahead while delivering more profitability." said CEO John Riccitiello
in a recent call up picked by gamesindustry.biz 

With this kind loss there is no guess work needed on why EA has
announced that they will be bringing more major titles to Nintendo's
industry leading Wii platform. The article also states that Dead Space
and Battlefied: Bad Company are also headed to the Wii.
These financial woes are unfortunate for EA, however Wii users will definitely have a lot to look forward to.

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HBK6196231d ago (Edited 6231d ago )

You gotta feel sorry for them, EA finally get their act together and post a massive $641mil loss, I guess I didn't help, I only bought 2 of their titles in Battlefield and FIFA 09, have looked at getting Mirror's Edge for a while though, just want the game to justify the purchase.

The thing that has to be asked too is, if a game is breaking the 1mil sold mark and is still unprofitable, then how many do they need to sell in order to BE profitable.

I really hope EA can come through this one, as they are certainly a company on the rise now after really slacking off.

Eiffel6230d ago

I got to admit after I played Dead Space I hope to christ they can survive this.

SprayandPreycom6224d ago (Edited 6224d ago )

on deadspace downloadable content i love the scorpion suit.

"EA SPORTS ITS SORTA NOT IN THE GAME"

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Bus Simulator 27 Announced for PC, PS5, and Xbox

Today, Astragon announced a new installment of the Bus Simulator franchise, simply titled Bus Simulator 27, coming for PC, PS5, and Xbox.

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simulationdaily.com
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MARVEL MaXimum Collection Announced For Consoles and PC

Limited Run Games, MARVEL and Konami have announced MARVEL MaXimum Collection for Nintendo Switch, PlayStation 5, Xbox Series X|S and PC.

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nettosgameroom.com
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darthv723h ago

would love it if xmen arcade offered two modes. the regular single screen 4 player mode and the ultra wide (simulated dual screen) 6 player mode.

ZwVw1h ago(Edited 1h ago)

How much you wanna bet that this collection will keep the games in their original aspect radios with no visual fidelity or options?

Was excited until I saw that Limited Run was attached. Their so-called collections thus far have been nothing but sloppily slapped together emulations.

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Resident Evil Requiem Graphics Comparison Shows Switch 2 vs PS5 and Xbox Series S

A new Resident Evil Requiem graphics comparison examines Switch 2, PS5, and Xbox Series S, revealing performance gaps and visual trade offs.

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Neonridr6h ago

interesting that the Switch 2 version renders at a higher internal resolution. I wonder if they dropped it down to the same as the Series S the game would hit the 60 mark more often than it does.

Solid port though, can't wait to play this tomorrow (or whenever my preorder gets to me lol)