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Square Enix loses money, blames console market
Despite rising sales, Square Enix has lost money in the nine months ending December 31, reporting itself out of ¥5.7 billion. The publisher claims it's been unable to make a return on its console releases, blaming the current dodgy climate for its issues. "During the nine-month period ended December 31, 2012, the company has not recovered the operating loss posted in the six-month period ended September 30, 2012, primarily due to the increasingly difficult condition of the world-wide console game market, under which the group is struggling to achieve a fair expected return on its investment," revealed the publisher. The console market, right now, is an utter mess. There's no other way to describe it. Bloated dev costs, terrified publishers unwilling to support anything that isn't a sequel, games selling almost five million and still being a disappointment, the whole system is in shambles. It's hardly surprising anybody with a fresh idea and a brain has jumped ship to PC. Still, Square Enix believes it'll still make a profit before the financial year is out, and I think we all know why. The company's latched onto the mobile market like a particularly nasty parasite, and grotesque get-rich quick schemes like Final Fantasy: All the Bravest will rake in the coin ... at least until publishers do to mobile gaming what they've done to the console market. Did you know? You can now get daily or weekly email notifications when humans reply to your comments.
8:00 AM on 05.17.2013 Wii U owners don't know how to play Super MetroidIf you're a jaded hardcore gamer, and if you've ever complained that the new generation of "dumbed down" console gamers are the bane of life, prepare to feel justified. The arrival of Super Metroid on Wii U demonstrates the d...
8:00 AM on 05.13.2013 Hypocrisy: The Sun calls 3DS the greatest console everBritish tabloid The Sun came out strong against the 3DS when it first launched several years ago, going above and beyond the call of sleazy duty to try and prove it was harmful, disorienting, and unpleasant to use. Today? Tod...
3:00 AM on 05.09.2013 Resident Evil 6 fails to meet sales projections ... againCapcom originally projected that Resident Evil 6 would sell seven million copies. They revised that number in February to five million, but as of yesterday's financial results Resident Evil 6 fell barely short of the target w...
9:00 AM on 05.08.2013 Dead Space 3 is the latest game to have officially failedIt had co-op and cover-based shooting, but Electronic Arts' flailing attempts to make Dead Space 3 "appeal to a wider audience" apparently failed. Visceral's latest game now joins Tomb Raider, Hitman: Absolution and Resident ...
9:30 AM on 04.26.2013 Dead Island Riptide Steam codes unlock Dark SoulsDead Island Riptide customers in the UK and Nordic regions are discovering that retail PC copies of the game contain the wrong Steam codes. Redeeming these codes will give gamers a copy of Dark Souls: Prepare to Die Edition i...
4:30 PM on 04.25.2013 You can't view Miiverse on Wii U or 3DS browsersNintendo made Miiverse accessible via PC and mobile browsers yesterday, giving you the chance to interact with the (not so wide) Wii U online community while away from your console. But as Nintendo notes at the bottom of the ...
11:30 AM on 04.25.2013 Embracing failure: We're all losers and that's OKAs I was knee deep in the glorious Persona 4: Golden, something curious happened. A heavy 50 hours into the game after something resembling a climax, the game ended. It was an ending that felt hollow, strangely devoid of reso...
9:00 AM on 04.21.2013 Star Trek on PC is broken as f*ck!The latest Star Trek release has its fair share of problems -- chief among them being that it's kind of boring -- but PC users are in for an altogether more shocking problem. The online co-op, arguably the entire point of th...
10:15 AM on 04.16.2013 GOW: Judgment and GOW: Ascension failed, says analystRecently, the PS3 and Xbox 360 each saw prequels for their leading franchises -- God of War: Ascension and Gears of War: Judgment. According to analyst firm Cowen & Company, the two GOWs failed to impress at retail. ...
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Capcom originally projected that Resident Evil 6 would sell seven million copies. They revised that number in February to five million, but as of yesterday's financial results Resident Evil 6 fell barely short of the target w...more
It had co-op and cover-based shooting, but Electronic Arts' flailing attempts to make Dead Space 3 "appeal to a wider audience" apparently failed. Visceral's latest game now joins Tomb Raider, Hitman: Absolution and Resident ...more View all FAIL |


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