News

Sega Reports Weak Profits in April-June Quarter

Sega revealed its results for the April-June quarter on Friday, noting that the company's overall profits were down by half from the same time last year because the game business saw an operating loss. Sega reported a profit of 5.5 billion yen (about US$53.6 million), a year-over-year decrease of 57.4 percent.

Sega reported that it blames the "softening" of the packaged game business and the uncertainty in the Japanese economy for the downturn. Sega sold 1.7 million packaged games in the quarter, including 640,000 copies in North America and Europe, and 420,000 copies in Japan. Sega noted one of its best-selling games in the quarter was Persona Q Shadow of the Labyrinth, which sold 250,000 copies in Japan.

Sega reported, however, that its digital market for games for mobile phones and PCs remained "solid," noting that Phantasy Star Online 2 performed particularly well during the quarter.

Thanks to Daniel for the news tip.

Source: Gamespot