Being a business oriented website just wouldn’t be business oriented without the fun task of, what else, reading financial reports, and even more so reporting on those figures when they are released. The most fun one can have on a Monday afternoon.
In Square Enix’s latest earnings forecast for 2010, the company lowered its expected sales by 10.5%, or $99 million USD. Net income, a fancy term for what you got after costs and taxes are factored, dropped by almost 30%, or by $8.7 million USD. This forecast, dated for April to September months, is lower than 2009’s figures for the same period.
Despite what several Final Fantasy fanboys may tell you, from behind the barrel of a pistol, the past few games have sold exceptionally well, with Final Fantasy XII being one of the fastest selling games in the UK of 2010. Granted, Final Fantasy XIV received about as equally negative praise as entering a PETA conference dressed in Lady Gaga’s meat outfit, but the financial report cited a loss on sale of property and equipment as being part of the revision as well as slower growth in sales.
And…cue the claims that Final Fantasy XIV is going to bankrupt Square Enix!
MMO Fallout 