{"id":3689,"date":"2009-02-04T09:46:10","date_gmt":"2009-02-04T13:46:10","guid":{"rendered":"tag:www.legitreviews.com:\/\/34671ba61f7ede9928881580b622e567"},"modified":"2009-02-04T09:46:10","modified_gmt":"2009-02-04T13:46:10","slug":"electronic-arts-sees-loss-as-it-delays-games","status":"publish","type":"post","link":"https:\/\/computerhunter.us\/?p=3689","title":{"rendered":"Electronic Arts sees loss as it delays games"},"content":{"rendered":"

Video game publisher Electronic Arts Inc posted weaker-than-expected results and said it would delay the release of several games, causing it to forecast a loss for the current fiscal year. EA said it would delay the release of “Sims 3,” “Godfather 2” and “Dragon Age” to fiscal 2010 from fiscal 2009, and that it would narrow its product portfolio and cut variable costs.\n<\/p>\n

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After disappointing fourth-quarter sales for several of its top titles, including the “Need for Speed” driving franchise, EA plans to cut costs and shift focus to developing what it hopes are big hits — such as its upcoming “Sims 3” game and games for Nintendo Co Ltd's Wii systems. “The Nintendo Wii is even more important than one year ago. It is a clear leader in this cycle,” EA Chief Executive John Riccitiello said on a conference call. “In (2008) we were No. 3 in this platform in North America and Europe but we need to move further up on the charts.”\n<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Video game publisher Electronic Arts Inc posted weaker-than-expected results and said it would delay the release of several games, causing it to forecast a loss for the current fiscal year. EA said it would delay the release of “Sims 3,” “Godfather 2” and “Dragon Age” to fiscal 2010 from fiscal 2009, and that it would narrow its product portfolio and cut variable costs.\n<\/p>\n

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After disappointing fourth-quarter sales for several of its top titles, including the “Need for Speed” driving franchise, EA plans to cut costs and shift focus to developing what it hopes are big hits — such as its upcoming “Sims 3” game and games for Nintendo Co Ltd's Wii systems. “The Nintendo Wii is even more important than one year ago. It is a clear leader in this cycle,” EA Chief Executive John Riccitiello said on a conference call. “In (2008) we were No. 3 in this platform in North America and Europe but we need to move further up on the charts.”\n<\/p>\n<\/blockquote>\n

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