The lights are on
Square Enix president and CEO Yoichi Wada has stepped down in the wake of a disappointing fiscal year forecast, lower-than expected sales of some of its big hits, and a changing industry environment. A major restructuring is now underway.
Wada's departure still has to be ratified via a shareholder's meeting in June and a subsequent board of director's meeting according to Joystiq, but with a forecast for the current fiscal year ending on March 31 of a 13 billion yen loss (approximately $138 million) – a turnaround from the originally expected 3.5 billion yen profit – the die is cast.
The company's revised forecast is being blamed on the lower-than-expected sales of Tomb Raider, Hitman: Absolution, and Sleeping Dogs in the west, and the subsequent company reorganization that is currently taking place is being put on the books this fiscal year, according to Gamasutra.
How "weak" were the sales of those games? By the end of March, Square Enix estimates that in North America and Europe, Tomb Raider will have sold 3.4 million units, Sleeping Dogs 1.75 million, and Hitman: Absolution 3.6 million. None of those figures includes downloadable sales. Tomb Raider, by the way, has been on shelves less than a month.
No word on exactly what Square Enix was expecting these games to sell.
[via Gamasutra and Joystiq]
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Raider and Dogs were great.Still want to try Absolution.Those seem like nice numbers though. Dogs in particular considering it's kind of a new franchise.
Seems like they were all successful games, and not a lot of people knew about Sleeping Dogs since it wasn't advertised. What the hell were they thinking these games would sell?
Those are some pretty good numbers too... Also not counting downloadable sales too so it's even bigger. You'd be surprised by how many people bought those games from Steam.
It doesn't look like those game flopped at retail. I wonder what their projections were.
That's too bad. I know first hand that Hitman and Sleeping Dogs are legit games -some of the best of the year in my opinion. I honestly think the low sales are due to marketing. Hardly anyone in my circle of friends and store had any clue about these games, including a new Tomb Raider.
To be honest.
This is really sad.
Square Enix has been very nice to the PC Gamers with their excellent Console Ports.
It's also kind of surprising to hear how low their sales are considering that the games they have been releasing recently were very well received.
These are SP based games. They're are not going to make Call of Duty or Gears of War numbers. I waited for price drops before purchasing Sleeping Dogs and Hitman. Both are GREAT games and I plan to wait for Tomb Raider too. I have no interest in the MP.
Maybe they would profit if they actually released FF Versus XIII and teased Kingdom Hearts III for next or current gen consoles. Also, all of these games got good reviews. They are making the right steps, but it will take a while for people to trust them after FFXIII.. that endless hallway was a huge turn off compared to Chrono Trigger's ability to deliver a sense of adventure.
that sucks, they probably put a lot of money into making and promoting hitman and tomb raider and didn't get the results they were expecting. i think they sold pretty well considering. i hope those franchises still continue, dont really care for sleeping dogs. it seemed really generic and nothing really original or special setting it apart.
I call BS on this one. Those don't seem like low sales figures to me. I think the blame lies elsewhere... like the planning, innovation, budget, and sales of another certain franchise. Cough.. cough... final fantasy... cough.
Those sales numbers are not low, they're pretty damn high for any AAA release. Maybe Sleeping Dogs was a tad low, but 3+ million each for Tomb Raider and Hitman? Low? As the article states, what the hell where they expecting?
In any case, if they believe that is low, then I expect their next few titles to go the straight and narrow route of "FPS + Multiplayer". :(
PS - Wonder how much money Final Fantasy XIV has cost them so far, to host, to develop then RE-develop...
In my opinion, that's too harsh.
3.4, 3.6, and 1.75 million is low...damn they're expectations are really high...sounds like greed to me...
That's a shame. All of them seemed like great games from what I've seen, and I've been planning to get my hands on quite a few of them. It looks like Tomb Raider has been doing decent at least.
This is really sad news. All three of those games were really good. I hope they are abele to make a come back from this.
Wow that sucks. Such fantastic games, yet not enough gamers are BUYING the games to support the developers and publisher. I loved Tomb Raider and Hitman: Absolution, which was one of my Top 10 Games of 2012 majamaki.com/.../top-10-games-of-2012