Japanese publisher Konami, perhaps known best in the west for its Metal Gear Solid and Castlevania franchises, has reported its fiscal results for the year ended March 31, 2007. Total revenue was up 6.9 percent to 280.3 billion yen ($2.3 billion) and operating income was up significantly from 2.5 billion yen to 28.1 billion yen ($231.9 million). Net income, however, fell 29.5 percent to 16.2 billion yen ($133 million). The company explained that this resulted from a difficult comparison in which income was boosted the previous year by the sale of an affiliated company.
Konami has a number of business segments, but its digital entertainment business (which houses the core video game business) was responsible for the majority of sales. Sales within this segment were actually down 0.3 percent (essentially flat), but there were a few highlights. The Winning Eleven soccer series was cited for achieving sales of over 8 million units, representing the best performance in a year by the franchise to date.
Solid sales of dancing games in North America were also cited, as Dance Dance Revolution for PS2, Xbox and Xbox 360 crossed the one million unit mark. Other contributors Konami pointed to included "mainstays" such as Yu-Gi-Oh and Jikkyou Pawafuru Puroyaku and new titles such as Metal Gear Solid Portable Ops and Death Note Kira Game.
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" -
GL compiles a list of some of the most mind-blowing video game narrative twists in recent memory, from The Last of Us to Outer Wilds
With articles like these cant you tag the games mentioned so that we can know ahead of time if there’s a spoiler to avoid?
Not clicking on your article otherwise.
Make it better so by the time it's released it's superb!!!!!
yup agreed........