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Electronic Arts Admits Disappointing Holiday Sales; Looks to Cut Games, Staff
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Posted by Donster on: 2008-12-09 16:44:40 357
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By Chris Faylor @ ShackNews
Electronic Arts today announced that "lower than expected sales across North America and Europe" will result in lower-than-expected earnings for its current fiscal year.
The extent of the lowering was not revealed, with the publisher noting that it does not anticipate revealing "updated financial guidance" until the end of FY Q3 in February.
The company stressed that it will continue with recent cost-saving measures, which now include a "reduction of its product portfolio" for the 2010 fiscal year and less staff.
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