It seems last week's Final Fantasy XIV kerfuffle had even more fallout than we thought. In an announcement on the company's official corporate site today, Square Enix drastically reduced its earnings forecasts for the remainder of the fiscal year from 12 billion yen (approx. $142.4 million USD) to just 1 billion yen ($11.9 million) - a decrease of 91.7%
Microsoft just posted the third quarter of its 2024 fiscal financial results. The software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3. Revenue is up 17 percent, and net income has increased by 20 percent.
Xbox content + services up 62% while hardware down 31%... seems about right with the way they tout you don't need the hardware to play. People can play on their phones or smart tv or other means. I don't hardly play on my consoles directly since getting devices like the logitech g-cloud and ps portal. Which is to also say I have been playing more digital than physical because of these devices.
Too expensive hardware when others offer the same or more for less? Good work, Green Team.
"Despite some early successes for Xbox games on rival platforms, Xbox hardware is down by a massive 31 percent this quarter."
"Without Activision Blizzard, Microsoft’s overall gaming revenue would have actually declined this quarter."
"Xbox content and services would have only been up a single percent without Activision Blizzard..."
"It looks like next quarter is going to be a similar story for gaming at Microsoft, too."
That is crazy... so A/B/K is carrying the whole Xbox gaming.
Oh and Microsoft will be fine. Windows, Office and Cloud are growing with each pc purchase.
As of right now, there are no monopolies in the games industry, and for the sake of the medium as a whole, they never should either.
And yet the biggest tech companies in America are essentially that. They buy up all the small comps only to kill them off and steal what they have, and if they can't buy em they bleed them to death.
They buy IPs not talent. That's why these buyouts never work and the IPs die. Right now it's too expensive to develop games - but I expect that to shift maybe as AI tools can make it easier. The best games have been indie games for awhile as big developers fuck their ips to death with "games as a service" -
INDIE Live Expo, Japan’s premiere online digital showcase series , will debut never-before-seen games & content updates across more than 100 titles on May 25th.
Square Enix fails because it has not securized the japan market with great exclusivities on PS3, when you see how much FFXIII has been sold in Japan, it shows how much the market can be solid for other exclusivities.
Let MS bail out, maybe this will push Wada out.
"Square Enix drastically reduced its earnings forecasts for the remainder of the fiscal year from 12 billion yen (approx. $142.4 million USD) to just 1 billion yen ($11.9 million)"
Wow! I doubt Square Enix will file for bankruptcy just yet. But as Square Enix seem to be having financial problems as of late, can they really afford to limit their earnings by creating a AAA budget exclusive game for one system at this point (FFvs13)?
just needs to make exclusive jrpgs for the ps3 and they'll be fine. they keep forgetting who supported them last generation....the PlayStation fans.
lol I guess the MS checks aren't lasting them as long as they expectded? I think the downfall of Squenix doesn't have anything to do with FF14, considering the game hasn't even had a beta on the ps3 yet. The problem with squenix is the fact that they concentrate too much on the money, and stray away from the vision the companies (Enix/Squaresoft) had at the begining of their exsistance. Quality games = Money. Pissing off fanbase, making crappy games, and showing favoritism to an unproven market(X360) is what will break you. Dumb ass Squeenix.