Tech content trusted by users in North America and around the world
5,677 Reviews & Articles | 36,079 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

EA's CEO talks of next-gen consoles coming soon

EA boss talks next-gen consoles, says he sees them coming soon

| Gaming News | Posted: Jul 23, 2012 5:25 am

With EA stock trading at a 52-week low, EA CEO John Riccitiello said during an interview with CNBC that the fundamental problem is not with the company itself, but with investors understanding the business.


TweakTown image news/2/4/24954_08_ea_s_ceo_talks_of_next_gen_consoles_coming_soon.png


Julia Boorstin sat down with the CEO for an exclusive interview at Fortune's Brainstorm Tech conference, where the Riccitiello said that he's currently in the process of shifting EA from being about packaged goods to digital revenue. We reported just over two weeks ago that EA saying it's "inevitable" that they'll become a 100-percent digital company.


Riccitiello said during the interview that the industry's focus on NPD's packaged game sales numbers is misguided, and overlooks the massive growth EA have been seeing in digital revenue. EA have had a number of social and mobile gaming acquisitions, with the company saying it had found success on the Facebook social games platform, as well as Apple's game store.


Apple's App Store alone gives EA access to over 250 million customers, something that is hard to brag about from Microsoft or Sony on their respective consoles. He touches down on next-gen consoles in the interview, saying that the companies haven't officially announced anything, which is holding not only investors back, but gamers, and thus, customers.


I think the biggest issue here is that the NPD numbers are based on packaged sales, in the US only. Once we see them tally up digital sales, those numbers should sky rocket.


Related Tags

Further Reading: Read and find more Gaming news at our Gaming news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below