…Uh Oh
It’s a bit difficult to know why at the moment, because Sega Sammy’s release of its Q3 earnings report today on its website leads to a 404 error as of this article’s publication. But reports suggest the mothership has significantly revised down its profit forecast, and that sent shares of the company way down on the pink sheets today.
A third party report relaying the release suggests poor pachislot sales and delays of other pachislot titles has forced Sega Sammy to adjust its expected net income from $430.6 million to $134.5 million. That’s a drop of more than 68 percent.
The company’s stock closed in Japan down more than 6.6 percent early this morning, but in the US markets, the fall was much worse. At one point earlier today, SGAMY was down more than 27 percent to a new 52 week low of $3.10 a share, lows not seen since the Spring of 2010. The stock has since recovered in trading and is now down only more than 11 percent as of this article’s publication, at $3.78 a share.
Because of the current unavailability of the official reports, data is scarce. There are some additional facts and figures to share, and we’ll have them for you shortly.
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Oh wow.
This is gambling machines right?
Who cares…it has little to nothing to do about what we care about. Sales of the actual games, and maybe performance of Arcades
@Trippled: It may not have anything to do with what YOU care about (because I doubt you’re speaking on behalf of the other users here, and you sure as fuck aren’t speaking on my behalf), but it has everything to do with the company YOU’RE SUPPORTING. If Sega tanks, there’s a possibility of no new Sonic games. And that’s no good.
So, y’know, perhaps you should start caring a little.
There wasn’t alot going on with SEGA during the summer. JAMMA was cancelled, few digital titles were released, RingEdge 2 was delayed, Panchinko Slot machine quanities and sales and dropped and pretty much everything SEGA was planning was pushed back to the fall.
Transformed probably would have sold very well, HAD the game been released in September. But no, Sonic fanatics and Nintendo fans forced Sumo into delaying the game for the unsuccessful Wii U.
Amuro. People like you make me facepalm.
Well… that was unexpected.
Hopefully the next boxed Sonic game will be successful enough to get them back on track. They desperately need another smash hit like Unleashed or Generations right now.
@SegaZone
The Wii U version has sold almost on par with the other versions which is a big achievement considering the fact that the Wii U has a lower install base. Also, I am going to bet you that Sega delayed the game for the PS3 and Xbox 360 because they wanted to have key title for the ever-so important holiday season. The Wii U version most likely had no effect on the other versions because other developers released their games earlier than the Wii U port. Moreover, if Sega wanted to release all versions at the same time tha they would have delayed all versions because the PS Vita, PC, 3DS, iOS where all released later. Lastly, it is too early to determine the success of the Wii U because the system is going through the regular drop off in sales after a big launch until more software arrives. Both Xbox 360 and PS3 had the same drop off after their launch (and the PS3′s case was much worse than the Wii U) and Wii U had a more successful initial launch hardware wise (not software wise ) than both the PS3 and Xbox 360. Do not count out a system that is only 3 months old and is just going through a regular post launch drop off (like its counter parts did) by calling it unsuccessful.
This issue with Sega is not the fault of Sonic fans, Nintendo fans, Nintendo, Sony, Apple, or Microsoft. This is Sega’s own doing. They barely released any major software this year. Instead they spent lots of resources restructuring the company into a mobile oriented company. They are not working on investing in creating new instalments for some of their key IPs. They are not marketing their games properly, they have not done a good enough job in telling people about the what differentiates Sonic & All Stars Racing Transformed from its predecessor, many people do not even know it exists (unless you avidly play video games). My younger cousin (who is not a Sonic Fan) saw the ad on TV for Sonic Colors and realized he wanted it; he said he wanted SASRT when he saw me playing it, but he did not even know the game existed because he saw no ads on TV or any clear ads. I personally saw the Wreck-it Ralph ad on Youtube but that particular ad did not interest me because it looked more like a character expansion for the current game not a new game. Sega needs to develop more key big games, they have to broaden their focus even more (not deciding to primarily go mobile and abandon key boxed IPs), and they have to market better to the general public.
@SegaZone: Kiss my ass. You’re one of the most mocked people on this site, you think I give a damn about what you think about me?
@SegaZone
But no, Sonic fanatics and Nintendo fans forced Sumo into delaying the game for the unsuccessful Wii U.
I’m sorry, but is there a source on that? That sounds as stupid as the “Sonic 06 wasn’t finished because fans wanted it out as fast as possible” thing.
@SegaZone
seriously Sega fanboy fuck you …fuck you & guess what??? FUCK YOU
The Wii U Version sold much more than the other versions of the game
Plus,THERE IS NOTHING CALLED A GAME RUSHED BECAUSE OF THE FANS
Fuck you SegaZone,go to hell,no one cares about what you say and you won’t turn everyone against Nintendo by your biased shit because they’re not Sega worshippers like you
SegaZone, SegaZone… When will you learn to get your facts straight regarding the topics on this website before you just outrightly run to your computer and use your keyboard as a set of bongo drums to pound down a few outrageous posts? There is absolutely nothing of value gained for any of us or yourself when you write down misconceptions and theories, clearly when we all know of the existence of other information which disproves those points and certainly when we realize that you are just trying to come across as a know-it-all or a jerk. Here’s some advice: Instead, take a few moments to carefully think about what the article is actually telling you and then do some thought-provoking research and thorough verification before plowing into the comment section like a bull in a china shop.
SegaZone pls go
The Shadow Emperor @
Those weren’t smash hits…..well the wii version of SU was but not the HD version. A smash hit is Mario and sonic at the olimpic games. That pulled in quite a bit of chese.
-snores-