TRENDING NOW: President Biden wants GPUs and next-gen consoles in your hands ASAP

EA believes consoles still have potential, promises $80 million in investment for next-gen console game development

EA promises an $80 million investment in next-gen console games.

@tracehagan
Published Tue, May 8 2012 4:34 PM CDT   |   Updated Tue, Nov 3 2020 12:28 PM CST

In EA's earning call, it was made clear that the company intends to compete in the next-gen console market and is planning to invest $80 million in next-gen game consoles. This $80 million is only over the fiscal year 2013, so likely most of this money will go towards WiiU games as the WiiU is rumored to release around Christmas this year.

EA believes consoles still have potential, promises $80 million in investment for next-gen console game development | TweakTown.com

"We intend to invest $80 million in gen-4 console development in fiscal 2013," said EA CEO John Riccitiello in his prepared remarks. "We are strong believers that console will return to strong growth, representing great opportunity, one that is in lockstep with our digital plan."

This commitment comes at a time when EA saw, and is predicting, a decline in packaged good sales. At the same time, however, they are expecting to see an increase of 40% in digital revenue for the year. Of course, $80 million wouldn't even cover the development costs of one top AAA title, so it's unclear exactly how many titles will be coming from this investment.

NEWS SOURCE:gamesindustry.biz

Trace is a starving college student studying Computer Science. He has a love of the English language and an addiction for new technology and speculation. When he's not writing, studying, or going to class, he can be found on the soccer pitch, both playing and coaching, or on the mountain snowboarding.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles