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Electronic Arts cut sales outlook as older games struggle
2014/1/29
US video game publisher Electronic Arts has cut its full-year sales outlook after reduced demand for older gaming console titles ate into profits.

The stock fell by more than 3% in extended US trading on Tuesday.

The firm, which makes the popular "FIFA" soccer and "Battlefield" multi-shooter games, lowered its 2015 revenue forecast to $3.9bn (￡2.4b) from $4bn.

However, it reported a better-than-expected profit of $398m for the three months ending in December.

Electronic Arts Chief Executive Officer Andrew Wilson said the company was having to cater to "a new generation of games."

"In addition to consoles, our mobile games, digital downloads and live services are growing year-over-year," he said in a statement.


News Source :BBC News

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Company : BBC News

Country : United States

 
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