Square Enix Lowers Financial Outlook
Slower sales have caused Square Enix to project lower sales for this fiscal year.
The company expects the next six months, from Oct. 1-March 31, 2013, to have expected sales of $763 million, down from $952 million. Projected net income is also now expected to be a $65 million loss. It was previously expected to break even.
The drops are due to “sluggish sales” or new arcade machines and “sales of a major HD game title have been growing at a slower pace than expected.” The game they mention appears to be Sleeping Dogs, which is disappointing considering how enjoyable the game is.