Capcom's fiscal report for the last quarter has shown the company's profits declined by 57% in comparison to the same quarter last year and overall revenue for this year is down by 23%.
In terms of actual profits, the company earned just $4.3 million for the quarter.
While the company is happy with the current sales of Super Street Fighter IV: Arcade Edition and Resident Evil: The Mercenaries 3D, they are blaming the lack of new games as the main cause of the decline.
Even with the 80% increase in profits from their mobile division compared to last year, it wasn't enough to prevent a drop.
While it wasn't mentioned in the report, the company earlier had strong plans to boost the end of the quarter's revenues based on the Prototype paid demo for Mega Man Legends 3 game. The delay and eventual cancellation of that game prevented the expected boost Capcom was expecting.
Capcom is still expecting Ultimate Marvel vs Capcom 3, Street Fighter X Tekken, and the two new Resident Evil games will provide the majority of sales and boost for their next quarter.
http://screwattack.com/blogs/ScrewAt...drop-in-profit
http://www.vgchartz.com/article/8737...-2011-quarter/
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Quick News Round-Up:
1) In an update to yesterday's EA-Valve news, EA is now completely blaming Valve for the mess involving Dragon Age II's regarding its DLC not avaliable on Steam. EA said "We hope to work out an agreement to keep our games on Steam," even though in reality neither side is willing to discuss a way to end the situation with the biggest issue being EA wanting Origin to replace Steam.
2) Insomniac details the Resistance 3 beta will start on August 4 for early access invites (SOCOM 4), followed by European PS+ users on August 10, and then US/Canada PS+ users on August 23. The beta will have 2 maps and only Deathmath and Chain Reaction for game modes as well as level 20 cap for experience.
3) Nintendo announces some Mario related 3DS news with the next Mario Kart officially named as "Mario Kart 7" and will arrive this December for the 3DS. Super Mario 3DS now has the official name of "Super Mario 3D Land" and will arrive this November for the 3DS.