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$61 Mill Loss – Square Enix Calls Tomb Raider Failure Again; FF14 PSN Refunds Issued

By Mitch Walters in News

Square Enix Operating Loss 2013

Square Enix has gone on record yet another time citing their financial problems as the fault of Tomb Raider, Hitman: Absolution, and Sleeping Dogs failing to meet their sales targets while citing high revenue streams incoming from their Japanese releases which have surely kept them afloat up until now. Final Fantasy XIV: A Realm Reborn has had such a bad launch that Sony ended up giving European and Australian gamers complete refunds automatically for digital copies of the game and even let them keep the game even though they were getting all the money back. Square Enix has suffered approximately a $61 Million Operating Loss for the Fiscal 2013 Year after their initial announcement of $134 million losses in March 2013 have finally been weighed against their income.

This is likely a tactic to recover some lost profit by getting them to buy DLC and pay the monthly fee if they decide to play. Interestingly enough, Square Enix has also come forward to speak out against retailers such as Gamestop who they also hold partially to blame due to physical media pricing policy hurting their bottom line. All of this comes out of their 2013 Fiscal Financial Report, you can find Capcom’s Latest Financial Report, Nintendo’s Latest Financial Report, and Take-Two Interactive’s Latest Financial Report all right here on RealGamerNewz. It’s a brutal industry and we hope the best for all of these mega-behemoth industry mainstays during this economically turbulent time period.

Critically acclaimed Tomb Raider failed to meet its sales target, but was loved by reviewers and gamers worldwide and will be getting a sequel next-gen. Final Fantasy XV and Kingdom Hearts III have been announced for PlayStation 4 and Xbox ONE and are expected to help get the company back on track, if it can survive long enough to release them.

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