Greater focus on smartphones and tablets in the future.
By Tim Colwill on May 14, 2013 at 11:21 am
Square Enix announced back in March that the company was expect an “extraordinary loss”, forcing CEO Yoichi Wada to tender his resignation.
Now, the full extent of that loss has been revealed, with company financials posted overnight showing a net loss of 88 million pounds, or 134 million AUD. Square Enix revealed that they will be “changing their development policy” and “redesigning its business models”, which may be bad news for PC gamers who have previously enjoyed some fantastic PC support from Square Enix on their recent releases.
According to Develop Online, Square Enix will be “putting a bigger focus on smartphones and tablets”. The company previously expressed their dissatisfaction with the performance of their AAA titles such as Tomb Raider and Sleeping Dogs, all of which failed to hit sales targets despite high critical ratings.
Source: Develop Online