PS1 News: Activision announces robust financials. - PS1 News

Members Login: Register | Why sign up? | Forgot Password?

Activision announces robust financials.

  Longstanding software developer Activision recently announced that its third quarter earnings significantly exceeded industry forecasts. As a result, Activision's earning projections have been considerably bolstered. The company's net revenues for the quarter totaled $264.5 million. The third quarter of the previous fiscal year saw Activision's net revenues amount to an equally impressive $269.9 million. The company cited its conservative stance concerning PlayStation 2 software and the startling success of blockbuster titles like Tony Hawk's Pro Skater and Spider-Man as the catalysts for the company's fruitful third quarter.

   "Sony's shortfall of PlayStation 2 systems has had no impact on our business model, as our conservative planning assumptions were based on having approximately 1 to 1.5 million systems available in the US during the holiday season," explained Robert Kotick, co-chairman and CEO of Activision. "Our first two PlayStation 2 titles, Sky Odyssey and Orphen, have preformed to expectations, and we currently have 17 other PlayStation 2 titlies in various stages of development and production."

   Activision, in hopes of maintaining its sturdy performance, has already confirmed support for the Microsoft Xbox. Furthermore, the company has plans to release Tony Hawk's Pro Skater 2X for the controversial platform.

2/2/2001 Bryan Keers

Put this on your webpage or blog:
Email this to a friend
Follow PSX Extreme on Twitter

Share on Twitter Share on Facebook Share on Google Share on MySpace Share on Delicious Share on Digg Share on Google Buzz Share via E-Mail Share via Tumblr Share via Posterous

New Comment System

Legacy Comment System (0 posts)

There are no comments to display.

Leave a Comment

Please login or register to leave a comment.

Latest Updates

Shadow of the Colossus Review
4d, 22h, 3m ago (2 comments)

Strikers Edge Review
8d, 22h, 43m ago (19 comments)

Okami HD Review
9d, 20h, 35m ago (6 comments)

Ultimate Chicken Horse Review
13d, 15h, 29m ago (16 comments)

Black Mirror Review
29d, 3h, 31m ago (23 comments)

Our Poll

How often do you visit the site?
Once a day
Several times a day
Every few days
Once a week
This is my first visit
I've never been here, even now I am not here

Previous Poll Results