EA Admits To Focusing Development On The Wrong Console
by
Brad Mosbacher
- 5:14 P.M.
Source:
Next-Gen.biz
Total Comments: 9
EA says it was "on the wrong horse" when it came to next generation game development, promises development of new IPs to promote growth.
Yesterday at its quarterly investor's meeting, EA's CEO John Riccitiello told investors that 2007 was the toughest fiscal year ever for the company.
“[The last transition] was tough because we typically have two to three platforms and a five year period… One of the biggest challenges, of course, was that not a lot of people anticipated the success of Nintendo that they’ve shown with their wand controller and their Wii. That got ahead of us a little more than our expectations." He said.
Read more...