Please support Game Informer. Print magazine subscriptions are less than $2 per issue
Capcom Seeing Red – Quarterly Profits Fall 90%
Capcom surveyed their current financial situation this morning, revealing that their first quarter net income topped at $2.4 million – a drastic 90 percent drop from the same time last year. As reported by GameSpot, the discrepancy is accredited to the lackluster sales of Lost Planet 2, with Capcom representatives stating that it “underperformed its projection substantially.” Monster Hunter Tri and Ghost Trick were also described as “slow growing” and “struggling.”
The largest contributing factor, however, may be that Capcom simply had a very successful first quarter in 2009. Blockbuster releases such as Resident Evil 5 and Street Fighter IV helped usher in a period of prosperity for the publisher early in the year.
This news is directly in line with Capcom’s recently announced shift in development strategy, which will facilitate and increase the number of top-tier titles released each year and result in quicker turnaround on projects. It’s the quintessential “not putting your eggs all in one basket,” approach – something more and more developers seem to be recognizing with an unforgiving economy making risks much less viable.
Hopefully Capcom’s next investor call will yield better numbers, as the publisher/developer duo has plenty of big-budget games on the docket for late 2010 and early 2011.
I’d like to ask you to support Game Informer’s continued coverage of games with a subscription. For less than two dollars per issue, we mail you a full year of 10 print magazines, each with cover stories and preview features filled with exclusive details about the most exciting upcoming games. We profile and interview game creators. We look back on the rich history of gaming, and we celebrate what’s next.
Here on the website, we offer much of our content for free, including game reviews, daily news, videos, event coverage, and more – all with minimal ads.
We do so with a small editorial team, alongside contributing paid writers from around the world – over 65 individuals from 9 countries around the world, just in the last couple of years.
It’s not possible without support.
In a time when game makers and games coverage have faced hard struggles and layoffs, the future of this 30+ year magazine and community is at risk. Our new standalone magazine subscription is the number one way you can keep us alive – and we believe you’ll get a pretty fantastic gaming magazine in your mailbox every few weeks for your trouble.
Thank you.
