Take-Two Interactive, the financial loser |
Ó
Surprise, surprise. After analysts warned of a struggle for profits Grand Theft Auto-maker Take-Two Interactive, Take-Two confirms everyone's money-loss suspicions in its earnings report, with a disappointing 0 projected earnings per share (EPS) for its investors this fiscal year 2007. This break-even guidance of the EPS will also mean a US$ 0.50 loss per share that will be taken by the company. One analyst puts it bluntly by commenting, "Clearly not an encouraging sign." Although Take-Two's flagship franchise, GTA, is expected to make more profits, these potential profits will have to be used to cover other loses made by the company, namely, a loss of US$ 75 million in 2006.
The company claims the next-gen console transition and rising cost of development, as well as a lower-than-expected installed base for new consoles are responsible for its messy financial reports. Another analyst said that while games like Bully did well, the company's biggest release, GTA: Vice City Stories performed more poorly than expected.
What Take-Two can do to make money, says the analysts, is to stop its Quixotic pursuit of sports dominance and limit its offerings of movie titles. Some of Take-Two's less optimistic titles include Ghost Rider, The Bigs and All-Pro Football. While the last two might garner good reviews, these may not actually sell well.
Could a miracle happen for Take-Two, or will it finally go bankrupt, a victim of the strict games market competition?
Via Gamasutra
| This story sucks? This story rocks! |
|
Best prices available for:
Price Range:
$28.00 - $32.00
$28.00 - $32.00
at 3 Stores
Contact Us:
The QJ.net Network |
 |
| Site | Feed |
| QJ.NET | RSS |
| Nintendo DS | RSS |
| PlayStation 3 | RSS |
| PSP Updates | RSS |
| Wii | RSS |
| Xbox 360 | RSS |
| MMORPG | RSS |
| Personal Computer Games | RSS |
| iPhone - iPod Touch | RSS |
| QJ.NET Forums | RSS |
Add QJ.NET
User Favorites - March
User Favorites - March
Categories
Archives
Accessories
Add-ons
Applications
Artwork
Batteries
Cheats
Deals
Emulators
Events
Featured Articles
Firmware
Flash Applications
Flash games
Game Demos
Games
Hacks & Exploits
Homebrew Applications
Homebrew Demos
Homebrew Development
Homebrew Emulators
Homebrew Games
Homebrew Themes
How-To
Humor
Imports
Interviews
Magazines
Mods
MY QJ
News
Off Topic
On Shelves This Week
Opinions & Analysis
Podcasts
Previews
PSP Go
PSP Minis
PSP Slim & Lite
QJ How-To Series
QuickJump QuickGuide
QuickJump QuickPeek
Reviews
Rumors
Scans
Screenshots
Site News
Titles
UMD Movies
Videos
Weekend Warrior
Wi-Fi
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005
April 2005
March 2005
February 2005
January 2005
