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Crappy New Year for EA.

P

proxnet

Senior Squad
Electronic Arts takes on water

New 2006 profit estimates

By Stuart Gorman: Thursday 22 December 2005, 00:30
ELECTRONIC ARTS Chief Financial Officer Warren Jenson said there's a hole in their revenue and profits boat.

In a conference call, Jenson listed a "combination of things [from] this quarter that have caused the results to be below expectations."

Among them were:

* Fewer Xbox 360s than expected were sold
* Sales related to the original Xbox have slowed dramatically
* The upcoming release of the PS3 is keeping many consumers "on the sideline"
* North American and European PSP sales were weaker than expected
* Holiday game releases probably don't constitute "as compelling a portfolio of products as we saw last year."
* No price adjustment was made to boost PS2 sales

This news quickly brought EA's stock prices down nearly $2 per share. And major stock holders have probably made a slight alteration to their standard holiday greeting. Crappy new year.
Click to expand...
From - http://www.theinquirer.net/?article=28490

ea shud better listen to their customers for the new year :ewan:
 
S

::shinji::

Min
they're slowly but surely losing the FIFA crowd, that's for sure. You can't keep ignoring your market year after year and expect your sales to sky-rocket... especially when your competition has been making a far superior product for years.
 
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