Dante Posted August 1, 2006 Posted August 1, 2006 The world's largest video game publisher Electronic Arts Inc, on Tuesday posted a narrower-than-expected quarterly loss as the industry works through a sales slump spawned by a move to new consoles. The company, known for such best-selling titles as its "Madden" NFL football series, had a fiscal first-quarter net loss of $81 million, or 26 cents, compared with a net loss of $58 million, or 19 cents, in the year-earlier quarter ended June 30. Excluding items, EA's per-share loss in the most recent quarter was 12 cents. Analysts, on average, had expected the company to post a loss before items of 24 cents a share, according to Reuters Estimates. Analysts worry that EA's profits are being hurt by its decision to invest heavily in research and development as the industry waits for more gamers to buy Microsoft Corp.'s new Xbox 360 console. Consumers are awaiting the release later this year of new consoles from Nintendo Co. Ltd. and market leader Sony Corp. Shares in Redwood City, California-based EA have lost about 20 percent of their value over the last 12 months. Shares of Activision Inc, its closest U.S. rival whose revenue is less than half that of EA, have shed about 23 percent. Source.
KKOB Posted August 1, 2006 Posted August 1, 2006 wow imagine if EA start to slide and they have to sell off developers mwahahahaaaa (i know it'll never happen but i can dream) maybe this is another reason why they wanted to pull out of E3, so they get the time in the spotlight with their games as the focus.
mcj metroid Posted August 1, 2006 Posted August 1, 2006 well ea releases its killer titles in q4.The rest of the year relies on original games:D
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