A lot of news about the financial situation of many videogame publishers hit the net yesterday. After the news on Nintendo, Sony and others, it’s now the turn of Sega Sammy.
During the fiscal quarter ending on June 30, Sega Sammy has lost $49.9 million. This is mostly due to less games being sold during that period of time, especially in the U.S. and Europe, according to Sega. They also want to adapt more to the social and smartphone gaming, since titles like Kingdom Conquest seem to work out fine for them. Their pachinko machines also bring in a solid amount of cash .
No real surprises for me in there, since Sega hasn’t released many big titles during that quarter. The shift to iOS and social gaming is a smart move and could bring in some great profits.