Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

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