Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 31 January 2013 10:28

Electronic Arts makes less than expected

Written by Nick Farrell



Medal of Honor fails to cash in


Electronic Arts said that it will make a lot less dosh than it predicted thanks to the fact that people were not interested in playing its new “Medal of Honor" title.

In a statement EA said that the industry was struggling with flagging demand, although we would have thought spelling the word "Honour" correctly might have assisted sales. EA forecast revenue for the year to end-March of $3.8 billion to $3.9 billion down about 13 percent at the mid-point.

Chief Financial Officer Blake Jorgensen said the earnings forecast had been adjusted downward, to take into account uncertainties in the seasonally weaker March quarter. He said that the economy is not stronger and it is too little early for me to know how strong the market's going to be so he brought the company guidance down slightly just to make sure we're prudent.

Analysts think that  Electronic Arts is being "overly conservative" with its guidance after its big holiday release "Medal of Honor: Warfighter" underperformed.  Word on the street is that they were a bit shell shocked that the game tanked. The latest "SimCity" will launch in March, and action-horror title "Dead Space 3" is due next week.  

New PlayStations and Xboxes which are expected later this year could also help the EA considerably.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments