Sega reports a profit for 1st Quarter
TOKYO - Japanese video-game maker Sega Corp. said Thursday it earned 1.89 billion yen ($15.8 million) on better-than-expected sales of game software and arcade machines in its first fiscal quarter.
The Tokyo-based creator of "Sonic the Hedgehog" provided no comparative figures for the same quarter last year because this was the first time it reported quarterly earnings.
But the company said sales and profits were better than initially expected. Sega posted sales of 42.4 billion yen ($353 million) for the April-June period.
Sega said "Sonic Adventure DX" for Nintendo Co.'s GameCube console and "Let's Make a J-League Soccer Club 3" for Sony Corp.'s PlayStation 2 sold well.
It reaffirmed its forecast of a profit of 7.5 billion yen ($62.5 million) on 193 billion yen ($1.6 billion) in sales for the year through March 2004.
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This is really a bit dissapointing that Sega's main source of income was from Sonic Adventure DX. Atleast they're starting to get themselves out of the red.
Source: Yahoo
- Eagle Zephyr
The Tokyo-based creator of "Sonic the Hedgehog" provided no comparative figures for the same quarter last year because this was the first time it reported quarterly earnings.
But the company said sales and profits were better than initially expected. Sega posted sales of 42.4 billion yen ($353 million) for the April-June period.
Sega said "Sonic Adventure DX" for Nintendo Co.'s GameCube console and "Let's Make a J-League Soccer Club 3" for Sony Corp.'s PlayStation 2 sold well.
It reaffirmed its forecast of a profit of 7.5 billion yen ($62.5 million) on 193 billion yen ($1.6 billion) in sales for the year through March 2004.
---
This is really a bit dissapointing that Sega's main source of income was from Sonic Adventure DX. Atleast they're starting to get themselves out of the red.
Source: Yahoo
- Eagle Zephyr