Well here's the least surprising financial news in a while. Midway's ongoing train wreck status is reflected in their dismal financials. Revenue is down, costs are up, profits are WAY down. You can see how no one has much faith in this company due to its dismal stock pricing. Shares of Midway only cost $1.77! At that rate, I could get over 300 shares with my paycheck for this week, heh. But who in their right mind would want to own Midway stock?
From a financial standpoint, Stranglehold was the biggest disaster of 2007. You really have to wonder wtf the heads of this company were thinking when they greenlighted that one (it released TWO WEEKS after Halo!) Notice how vague they are when discussing the upcoming year. Don't mention any games specifically, do they? I really doubt this company will still be in business two years from now.
Just part of the ongoing trend of third-party financial struggles/consolidation into mega-publishers.
End of 2008 totals: Wii 42m, 360 24m, PS3 18.5m (made Jan. 4, 2008)
