EA Invests $80 Million In Games For "Gen4 Console Systems"
The next generation of consoles is coming; it's only a matter of time, so get ready.
Consumers can afford to wait but not big game publishers like Electronic Arts. EA has revealed that theyr'e investing $80 million "in development of games for Gen4 console systems."
We've already heard about a couple new titles that could feasibly end up on the Wii U (including Battlefield 3 and the upcoming Crysis 3), but Sony and Microsoft haven't announced their new machines yet. Still, EA must know a little something at least, as they prepare for the new generation. In terms of current financials, EA posted net sales of $4.14 billion for the year, which is up from the $3.59 billion reported in the previous year. EA also got back to profitability, enjoying a net income of $76 million; a big difference when compared to the $276 million loss from the year before.
The company's digital business is kicking up big time, as that brought in $1.2 billion for the year; downloadable games, subscription fees, add-on content, and mobile and social platforms are obviously doing well for EA. But we're more interested to learn about the new next-gen stuff they have in the hopper...of course, we'll probably have to wait until Sony and Microsoft's new consoles are actually revealed.
5/7/2012 9:04:46 PM John Shepard