'Soft' December in Europe and lower shipments in North America dent full-year earnings
Electronic Arts last night announced it is down-grading projections for both full year revenues and trading during the Christmas season.
The firm has lowered its yearly guidance from $3.6bn-$3.9bn down to $3.6bn-$3.675bn.
CEO John Riccitiello blamed two factors for the drop: a "soft December for EA and packaged good sector in Europe" and lower shipments of titles in North America.
In a conference call detailing the new projections, the firm said it was expecting the market to remain flat in the last three months - but instead "packaged goods sales were down as much as 15 per cent in some counties".
The full report can be found over at MCV.
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Wouldn't it be a shame if they had another short fall of cash... since they don't care about their developers or their customers just the money that they bring.
Stop firing staff and mass producing junky calander-ware that people don't want anymore and you might make some money back.
Playfish don't look like such good multi-million invest ment now does it.
Again my thoughts with those who lost their jobs last year to help line Mr Riccitiello's pockets. I'm sure you've found better jobs now anyway
