We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
79,812 News Articles

Sega Beats Sales Goals, Profits Still Down 84 Percent From 2010

They made more money than predicted, but Sega Sammy?'s Q2 portion of the fiscal year isn't looking good, with a huge drop in profits.

Sega Sammy, the financial holdings group that houses both Sega and the Sammy Corporation, is reporting dwindling profits for the Q2 portion of the fiscal year.

Although Sega appends the blame to "weak" markets in Europe and the U.S., along with stingy consumers holding on to their disposable income, an equally likely culprit is poor-quality video games. In the period of time covered in the company's report, their major video game releases included Captain America: Super Soldier, Rise of Nightmares, and the Japan-only "Sakatsuku7 Euro Plus" title for PSP. Each of these titles has been a disappointment on store shelves, and all three combined only amounted for 850,000 in total units sold worldwide.

Hopefully, Sega Sammy has better things to report in the future, as they have a big list of titles that are releasing in the next 12 months: Sonic Generations, Aliens: Colonial Marines, Shinobi (3DS), Virtua Fighter 5 Final Showdown (PSN/XBLA), the Sonic CD? re-release, and Phantasy Star Online 2.

[Source: Sega Sammy Q2 Financial Report, VG247]


IDG UK Sites

45 Best Android games: top Android games for your smartphone or tablet in 2014 (24 are free!)

IDG UK Sites

How Apple, Adobe, Microsoft and others have let us down over UltraHD and hiDPI screens

IDG UK Sites

Do you have the X-Factor too? Mix Off app puts fans in the frame

IDG UK Sites

iPad Pro release date, rumours and leaked images - 12.9 screen 'coming in 2015'