Follow us on:

Posts tagged forecast

Sony ups loss forecast to $2 billion following smartphone struggles

Sony is now forecasting a 230 billion yen ($2.15 billion) loss for the fiscal year ending in March 2015, a revision nearly five times more than the company previously projected. The Japanese electronics giant was expecting a 50 billion yen loss, but today it announced it's downgrading the value of ...

Continue Reading

Sega slashes profit forecasts by 36 percent

Sega announced an adjustment to its earnings forecast for the fiscal year ending March 31, cutting its expected net income by 36.2 percent. The company adjusted its projected net income to be 30 billion yen ($293.5 million), down from its previously-reported amount, 47 billion yen ($459.8 million)....

Continue Reading

Iwata: Nintendo 'thinking about a new business structure' following weak console sales

With Nintendo having to slash its forecasts following weak Wii U sales comes the contemplation of new business strategies. While not announcing any definitive changes in the company's direction, Nintendo President Satoru Iwata admitted at a press conference today in Osaka, Japan that the company is...

Continue Reading

The Crew projected to sell over 2.5 million, Watch Dogs forecast unchanged

Ubisoft expects the The Crew to sell more than 2.5 million units, while Watch Dogs is still projected to exceed the 6.2 million first-year sales of the first Assassin's Creed. In an investors' conference call, CFO Alain Martinez said Ubisoft is "still in line" with its Watch Dogs projections des...

Continue Reading

Nintendo cuts annual profit forecast by 70%, first-half loss of $351 million

Nintendo slashed its annual net profit outlook by 70 percent, following first-half losses of approximately $351 million, 40 percent greater than expected. Ahead of the Wii U launch, the Japanese company now expects net profits of ¥6 billion ($75.2 million) for the fiscal year ending March 31 20...

Continue Reading

Nintendo expects to double 3DS sales by this time next year

Call it ambitious (if you're feeling nice), or potentially bananas (if you're feeling realistic), but no matter what you call it, Nintendo's clearly not joking around with its hardware sales forecast. The company let loose a variety of predictions for the current fiscal year (ending March 31, 2013)...

Continue Reading

PSN breach and restoration to cost $171M, Sony estimates

In the lead-up to its fiscal year 2010 earnings report this Thursday, Sony today released a revised forecast -- forewarning a $3.2 billion loss (yowzah!) -- for the twelve months ending March 31, 2011. Having occurred in late April, the PlayStation Network attack and subsequent data theft and out...

Continue Reading

Square Enix braces investors for 'extraordinary losses' in last fiscal year

On the eve of its quarterly presentation to investors and analysts, Square Enix today sent out a "revised" (uh-oh) forecast for the financial results of the last fiscal year, which ended March 31, 2011. Stakeholders should bring their ponchos -- they're in for stormy weather. In February, with...

Continue Reading

Square Enix lowers six-month financial forecast, cuts expected sales by $100M

It looks like Square Enix characters will have to hold that spiky hair with generic product, as the company lowered its earnings forecast today for the six months (first half of its fiscal year) ending September 30, 2010. The publisher reduced new sales expectations by 10.5 percent to ¥68 bil...

Continue Reading

GameStop misses earnings target, used games make up biggest profits

[Image by moe_ on Flickr] Despite 99 new stores, continued strong used game sales and better performance than the rest of the retail video game industry, GameStop reported less-than-expected earnings for this year's second quarter, and delivered a fall forecast lower than analysts expected. Analyst...

Continue Reading


Featured Stories

Engadget

Engadget

TUAW

TUAW

Massively

Massively

WoW

WoW