Square Enix Q1 FY2014 numbers: extraordinary loss.. Praises Mobile/Social/Browser

NiKKoM

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NiKKoM on 06 August 2013

BasilZero said:
Final Fantasy: Lightning's Revenge for 2015 release.

WiiU Exclusive.

We all know it will be for iOS.. just like FF6, 7, 8 and 9 for iOS..

Face the future.. Gamecenter ID: nikkom_nl (oh no he didn't!!)

Panama

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Panama on 06 August 2013

Time to fire up my mobile for all these incoming Square games.

outlawauron

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outlawauron on 06 August 2013

JEMC said:

The Fury said:

MoHasanie said:
Yikes, was this because of Tomb Raider?

Didn't Tomb Raider sell over 2 million copies. Isn't that enough to be profitable?

If there is any company that needs a good restruction it's SquEnix. I can't say I've enjoyed any SquEnix game this generation like I used to, a sign of things (not even the western ones made by Eidos).

http://www.destructoid.com/tomb-raider-hitman-sleeping-dogs-all-failed-square-enix-249692.phtml

Sleeping Dogs has sold an estimated 1.75 million copies to day, followed by Tomb Raider at 3.4 million and Hitman at 3.6 million. Square Enix blames these "slows sales" in part for its "extraordinary" financial losses this year.

Incredible but true, but the losses where included in last year's fiscal, not this past quarter.

I agree with NikkoM, these losses probably are for unannounced games that were cancelled.

NOOOOOOOO!!!!!

Surely VGC is good enough. They expected 3.4 for Tomb Raider and expected 3.6 for Hitman. All 3 games sold well below what they expected.

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outlawauron

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outlawauron on 06 August 2013

The Fury said:

JEMC said:

http://www.destructoid.com/tomb-raider-hitman-sleeping-dogs-all-failed-square-enix-249692.phtml

Sleeping Dogs has sold an estimated 1.75 million copies to day, followed by Tomb Raider at 3.4 million and Hitman at 3.6 million. Square Enix blames these "slows sales" in part for its "extraordinary" financial losses this year.

Incredible but true, but the losses where included in last year's fiscal, not this past quarter.

That's baffled me honestly. Is the industry that much of a mess that games that sell over 3 million copies are not profitable? How did they spend so much money?

This misconception must end. >_>

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osed125 on 06 August 2013

With this type of news, I wonder when FF XV and KH III are going to be ready to be release.

Nintendo and PC gamer

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danasider on 06 August 2013

"During the three-month period ended June 30, 2013, the sales of console games were weak due to no release of new major titles."

I don't know much about financial reports, but it seems the issue isn't so much that their titles aren't selling. It's that there were no major releases in the 3 months for which the loss was reported. Correct me if I interpreted that wrong or if I'm missing something.