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nintendo-switch-is-now-the-second-best-selling-home-console-of-all-time VG247

Nintendo Switch is now the second best-selling home console of all time

February 7, 2023VG247

If you click on a link and make a purchase we may receive a small commission. Read our editorial policy. It is the third best-selling system behind Nintendo DS. Switch has hit a new sales milestone and is now the second best-selling home console of all time behind PlayStation 2 and ahead of PS4. In its latest financial report for the nine months ending January 31, 2023, Nintendo reported 122.56 million Switch units sold. Nintendo Switch (OLED model) – Announcement Trailer General platform sales find Switch the third best-selling system of all time, following PS2 in first place with over…

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PS5 sales reach 32.1 million and God of War Ragnarok is selling rather well

February 2, 2023VG247

Over 11 million players travelled to Midgard. Sony has released its third quarter financial results for the period ending December 31, 2022. The reports find PlayStation 5 shipments are up 2.1 million than previously reported, and God of War Ragnarok is doing rather well for the company. Earlier this month, Sony reported its latest console had shipped over 30 million units. Today, it announced 32.1 million units shipped as of the end of 2022. This figure is up by 14.8 million units year-over-year (yoy). Does God of War: Ragnarok have TOO MANY graphical modes? For Q3, 7.1 million PS5 units…

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SEGA’s Sonic the Hedgehog series has sold an impressive 1.5 billion copies worldwide

October 29, 2022VG247

That’ll do, Sonic. That’ll do. In SEGA’s latest financial report, the company shared a rather remarkable figure for its Sonic the Hedgehog franchise. According to the company, the series has sold over 1.5 billion copies worldwide. The figure spans both full games and free-to-play titles as of March 2022 (thanks, GI.biz). The figure will surely go up once Sonic Frontiers is released, and the company is also working on several Sonic IP projects for the fiscal year ending March 2024 and beyond. The company feels these new projects will “add to the franchise’s popularity and help sell more games.”. Sonic…

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Switch sales fall 23% due to shortage of semiconductor components

August 3, 2022VG247

Nintendo expects things to look up this fall as more chips are produced. Nintendo has released its Q1 financial report for the fiscal year ending March 31, 2023, noting a decline in both net sales and movement of Switch consoles. According to Nintendo, overall sales fell 4.7% to $2.3 billion. There were noted declines in both the video game platform and mobile sectors. The former saw a decline of 4.3%, while mobile, IP-related income fell 16.8%. In hardware, Switch sales declined 22.9% to 3.43 million units partially due to the addition of the Nintendo Switch – OLED Model with its…

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Activision revenues declined in Q2 due to “lower engagement” in the Call of Duty franchise

August 2, 2022VG247

Things could look up in Q4 thanks to “high” anticipation for Modern Warfare 2. Activision released its Q2 financials for the current fiscal year overnight, noting a decline in net revenue due to “lower engagement” in Call of Duty. For the second quarter, the company reported revenue of $1.64 billion, a year-over-year (yoy) decline compared to $2.30 billion reported during Q2 2021. That said, segment revenue and operating income grew versus the first quarter of the current fiscal year due to gameplay improvements and seasonal content made available across Call of Duty: Vanguard and Call of Duty: Warzone. On October…

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Switch sales decline by 20% to 23 million due to continued chip shortages

May 10, 2022VG247

But the figure is the second highest since the console launched. Nintendo has released its financial report for the 2021 year ending March 31, 2022. According to the figures, declines were reported with net profits a bit flat, year-over-year (yoy). Nintendo noted a decline of 3.6% in sales yoy, despite its dedicated video game platform bringing in ¥1.64 trillion ($12.3 billion). This figure includes accessories, hardware, and software, the latter of which also encompasses downloadable versions of packaged software, download-only software, add-on content, and Nintendo Switch Online. Mobile and IP related income (smart-device content and royalty income) brought in ¥53.3…

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Sony plans to release 10 live service games by 2026

February 2, 2022VG247

If you click on a link and make a purchase we may receive a small commission. Read our editorial policy. The Bungie acquisition was partially made in order to capitalize on the studio’s expertise and technologies in the live service space. Sony plans to develop more than 10 live service games within the next four years. Speaking in a call to investors, Sony said one of the reasons it acquired Bungie was due to its expertise and the technologies it has developed in the live games services space. Because Bungie succeded in incorporating live game services into its franchise Destiny,…

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guild-esports-makes-education-move-after-posting-a-loss-in-its-first-full-year-of-operations,-wants-to-be-‘the-largest-provider-of-school-based-learning-for-esports-through-2022’ ESports News UK

Guild Esports makes education move after posting a loss in its first full year of operations, wants to be ‘the largest provider of school-based learning for esports through 2022’

January 31, 2022E-SportsNewsUK

Guild Esports, the UK-based esports organisation linked with David Beckham, has outlined some new education-based plans in a new financial report published this morning. The company generated revenues of £1.9m during its first full financial year (from October 1st 2020 to September 30th 2021), but posted a loss before tax of £8.8m (up from £2.7m made the year prior). Guild’s non-executive chairman Derek Lew said the loss “reflects a major investment in operational infrastructure, esports teams, the Guild Academy, content creation and the development of Guild merchandising”, an investment that he says is “fundamental to Guild’s business model and long-term strategy”….

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Halo Infinite had the biggest launch in Halo history

January 26, 2022VG247

If you click on a link and make a purchase we may receive a small commission. Read our editorial policy. And Forza Horizon 5 isn’t doing too bad either. Microsoft announced during its Q2 2022 financials call to investors that Halo Infinite and Forza Horizon 5 are very popular with players. During the call, Microsoft chairman and CEO Satya Nadella announced million of players have jumped into the latest iterations of the popular franchises. Halo Infnite for instance has over 20 million folks playing it, making the game the biggest launch in Halo history. Those figures aren’t too surprising. The…

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Gfinity announces ‘significant reduction’ in year-on-year operating loss in latest financial results

November 16, 2021E-SportsNewsUK

London-based esports business Gfinity has posted a ‘significant reduction’ in adjusted operating loss during its past financial year. It made a loss of £2.7m in the year ending June 30th 2021, down 50% from the £5.5m loss in the year prior. Revenues rose 27% to £5.7m during the period. Of this, revenue specifically relating to Gfinity’s owned and co-owned content increased by 768% to £2.3m, up from £0.3m year-on-year. This £2.3m figure includes £1.6m in revenues related t o Gfinity’s Digital Media Network, including editorial online publications, and £0.7m related to jointly owned esports properties, including the Global Racing Series…

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Diablo 4 and Overwatch 2 won’t be released next year

November 3, 2021VG247

While neither game had a release date, it’s now confirmed both will miss 2022. Looks like we will have to wait until at least 2023 to play Diablo 4 and Overwatch 2. That’s according to Activision Blizzard which stated as much during its Q3 2021 call to investors last night. Speaking on the call, Activision president and COO Daniel Alegre said Blizzard was now planning a “later launch” for both games than “originally envisaged.” That said, Blizzard has “a substantial amount of content” slated for next year, likely from World of Warcraft, Overwatch and its other titles. Adding a bit…

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The Outer Worlds has sold over 4 million copies

August 3, 2021VG247

By Sherif Saed 3 August 2021 10:31 GMT The Outer Worlds has continued to sell well in the months since our last update.As part of Take-Two’s earnings reveal for the Q1 of FY22, the publisher shared some interesting statics about games from its various labels, including Private Division, the publisher behind Obsidian’s The Outer Worlds.Watch on YouTubeThe game now has over 4 million units in lifetime sales. According to industry analyst Dom on Twitter, that’s up 1 million from the last quarter.The Outer Worlds is easily Private Division’s most successful game. The label is working with indie studios on a…

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CD Projekt reports big profit slump in Q1

June 1, 2021VG247

By Sherif Saed 1 June 2021 13:45 GMT CD Projekt’s 2021 fiscal year is off to a bad start.Cyberpunk 2077 and The Witcher publisher CD Projekt has published [PDF] its earnings for the first quarter of FY2021. Profits dropped by 64.7% to roughly $8.7 million, well below the $21.8 million analysts expected the company to generate.Watch on YouTubeThis is a result of a 2% revenue slump, but mainly because of the company’s continued development to fix Cyberpunk 2077 and create DLC. Although CD Projekt did not say how many copies of Cyberpunk 2077 were sold during the quarter, the publisher…

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Sega examining its back catalogue to see which games can be remastered/remade

May 13, 2021VG247

By Sherif Saed 13 May 2021 13:03 GMT Sega has revealed a little bit about its business and development strategy going forward.Sega today published [PDF] its earnings for the fiscal year ending March 31. Alongside the usual assortment of figures, the publisher also shared some insight into its plans for the near and far future.Watch on YouTubeFirst, Sega mentioned Creative Assembly’s in-development multiplayer shooter, though did not offer any specifics about the mysterious game. It does appear, however, that Sega considers it a big project, and will be a key part of its strategy for the next couple of years.Sega…

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Call of Duty will be a blueprint for growing the rest of Activision’s games

February 5, 2021VG247

By Sherif Saed, Friday, 5 February 2021 12:14 GMT Activision’s massive success with Call of Duty recently is informing how the publisher plans to grow its biggest franchises.Activision has announced on Thursday that its success with Call of Duty will inspire how it handles the rest of its catalogue. The publisher, which boasted impressive revenue and growth from Call of Duty, is specifically referring to the series’ multiple points of entry.Previously, Call of Duty was only available through its yearly premium games. Activision, however, sought to expand the player base by offering some version of the best-selling shooter outside of…

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