Thursday, 5 August 2010

EA Earnings Statement Shows Strong Q1, Wii Sales Dive

Electronic Arts have posted their financial statement for the first quarter, and boasted of higher than expected sales due to the strong performance of titles such as 2010 FIFA World Cup South Africa, as well as increased presence on Apple's iPad as well as the online casual market from EA's $400m purchase of Playfish. Bloomberg notes that a large reason for the strong quarter is that the cost cutting that came from cutting 2,500 jobs since 2008 is starting to show some fruit.

Also notable is the fact that Wii sales took a bath, dropping from $161m in sales for FY10 to just $40m for FY11.

MarketWatch has the full report and G4 has a more readable look at things.

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