Square Enix has details the reasons for poor revenues last quarter. It also resulted in Yoichi Wada, the CEO of the company, resigning.
They said that their MMO is not performing as they expected and they most likely mean Dragon Quest X by this, because Final Fantasy XIV: A Realm Reborn isn’t out yet for the PS3 and PC.
“We have done everything we can do to adapt and respond to the drastically changing environment. However, we have not been able to accomplish satisfactory results since FY2011,” Yoichi Wada said.
“I intended to do what had to be done, but these results came despite my best efforts. We are performing negatively in the Amusement sector, negative in EUR/NA console games, and although Social Media Games are doing well, MMO is not performing to the level we anticipated.
“The seeds that we have planted have by chance, or by necessity, all worked in synch negatively resulting in a huge loss for FY2013.”
Tell us what you think in the comments section below.