EA reports a Q4 drop in income, but was up for the year
Blames the decrease on upcoming consoles
During an investors' call today, EA revealed its financials for Q4 2012. The company saw a decrease in revenue when compared to the previous quarter, from $1.368 billion in quarter three to $1.209 billion in quarter four.
Despite the drop in revenue, EA had an overall increase of 28.9 percent in net income for the fiscal year. EA's fiscal calendar ran from April 2012 through March 2013.
The company seemed to forecast the fourth-quarter drop, as it stated: "during the March quarter, the packaged goods market in the West continued to be soft -- characteristic of what happens during a console transition." However, a 22 percent increase in digital sales appeared to help make up for losses of physical sales. Setup email comments
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