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Sega has reported their financial results for the first quarter of the 2009 financial year, and while the video games segment of their business saw sales growth of 90.6%, the company is still reporting a $963 million loss. The problem? Those pesky Pachinko machines. With an operating income loss of $29 million and an overall sales drop of 21.8%, Pachinko is making the consumer side of Sega look bad. As stated, the consumer side of the coin is shiny, rising from $1.4 billion last year to $2.7 billion, with 87% of sales coming from North America and Europe. More »
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Rock Band has been very, very good to MTV parent company Viacom, who announced that first quarter profits rose 33% based mainly off the sales of the sales of the title, along with higher advertising revenue at MTV Networks. The media conglomerate also enjoyed a revenue increase of 15% for the period, surpassing analyst expectations at $3.1 billion. Between having one of the hottest games on the market and their Iron Man movie opening this weekend (saw it last night, and it was amazing!), it's not hard to imagine Viacom's executive chairman Sumner Redstone rocking out to Blue Oyster Cult in celebration, as the Reuters article suggests. What is hard is trying to wipe the mental picture from your head. Thanks a bunch, Reuters. More »
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Looks like Ashcraft's information was right on the money! Along with the news that profits and sales skyrocketed during fiscal year 2008, Nintendo forecasts that shipments of the Nintendo Wii will increase to 25 million over the course of the next year, more or less in line with the 2.4 million a month estimate. The Wii enjoyed massive sales this year, with Nintendo shipping 18.6 million units for the 12 month period ending March 31st, bringing the worldwide total to 24.45 million units. Generally I would scoff at the whole shipped versus sold thing, but the last time I saw a Wii on store shelves was...actually I don;t think I've ever seen a Wii on store shelves. The console's tiny folding friend is doing great as well, with 30.31 million DS systems shipped over the course of the year for a total of 70.6 million - and they're expecting to ship 28 million more this year. The company enjoyed sales of 1.67 trillion yen, a leap of 73 percent over the previous year, with operating profits up 115.6 percent to 487 billion yen. Hit the jump for the annual Nintendo numbers festival! More »
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Best Buy definitely owes each and every one of us a cookie. The retail juggernaut has reported its profits for the third quarter, seeing a double digit gain in entertainment software sales. This effectively makes gamers and gamer enablers responsible for 17% of their $8.5 billion revenue for the period, due in no small part to the new console launches. More »
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Nintendo of Canada's Pierre-Paul Tr panier spoke with GamesIndustry.biz today about the profitability of the Wii, which unlike its competitors actually makes money off of console sales. More »
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Reuters reports that EA will be "well below" estimates for the December quarter. EA Chief Exec Larry Probst told Reuters, "For the December quarter, it is likely the industry will be down double digits on a percentage basis." However, all of this gloom and doom financial talk shouldn't concern anyone too much. I think, if nothing else, people are being careful with their cash and waiting to see what the next generation of consoles is going to offer us. But, if PS3 ships next holiday season (as people expect) - we'll probably see more shortages and overall sales could still be low. More »
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