Battered Sega Sammy posts FY 07 $501 million loss
May 14th, 2008 @ 08:54
Sega Sammy’s posted a full-year loss of $501 million for the period ending March 31, GameDaily reports.
The company’s net income for the period was $415 million.
“As rebuilding our consumer video game business is crucial, we now need to review our game title strategy more flexibly to adapt ourselves to changes in the trend of the market,” said Koichiro Ueda, head of Sega’s PR department.
More through the link.
Posted in: Financials, Sega, Trade
Tags: sega sammy full year financials 08
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May 14th, 2008 at 9:18 am
Translation:
“More Wii shovelware! Whoo!”
May 14th, 2008 at 9:41 am
Just make Shenmue III before you go under please. Thanks.