EA Lost More Money In Three Months Than You'll Ever Make
You power think Electronic Arts is made of money, but IT's got a lot little after the end of 2010.
The big videogame conglomerate published a lot of great games last year, from sci-fi favorite Mass Effect 2 to stalwart franchise offerings like Need for Speed: Hot Pursuit and Medal of Honor. EA Sports' annual rehashes like FIFA 11 and Craze NFL 11 also sold like hotcakes. All of those games sold-out fairly well, over 5 million copies each, but somehow Electronic Arts still wasn't able to turn a profit. In fact, accordant to profits reports announced today, EA unregenerate $322 million from October to December 2010.
Let that go down in. Despite selling tons of copies of common games, EA lost more money in three months than the mind can well bottom. Three 100 and twenty ii million dollars.
The only good intelligence from this report is that extremity distribution for the company grew in revenue to $211 million from $152 million in '09. That tiny growth is small comfort seeing as total sales born from $1.243 billion last yr to $1.053 1E+12 in 2010.
I fair-minded, I potty't even retrieve the quarrel. How prat this happen to a company that big and that still produces games that make sol many people happy?
Source: GamesIndustry.biz
https://www.escapistmagazine.com/ea-lost-more-money-in-three-months-than-youll-ever-make/
Source: https://www.escapistmagazine.com/ea-lost-more-money-in-three-months-than-youll-ever-make/
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