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Capcom Plotzes - Issues Profit Warning; Cancelling Games

Capcom has issued a dire financial forecast, warning investors that profits for the year will be about half of previous projections, reports MCV. They blame "drastic changes in the industry’s market environment," the "concentration of AAA titles in the hands of few foreign competitors," and their "delayed response to the shift to digital media in the Home Video Games business" as contributing factors. They also place blame on outsourced development, which always seems like a good idea at the time, as they cite a "decline in quality of titles outsourced to overseas developers," which is inspiring a shift to internal sources in the future. They also imply that some current game projects will be cancelled, saying "work in progress in game software" is being "strictly re-evaluated for business restructuring."

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23. Re: More Big Picture Details Apr 18, 2013, 18:16 HorrorScope
NKD wrote on Apr 18, 2013, 13:41:
Yosemite Sam wrote on Apr 18, 2013, 12:55:
I remember way back when a company who was in the black was considered a success.

Wow I've never met anyone who was at least 150 years old before.

I thought he was spot on. I know pre-'85 that is all there really was.

I've now carried two jobs on the opposite ends here. My first one the owner all he needed to do was keep the company making $1. His salary which was worthy of an owner was just part of the overall payroll. So if they profited just a dollar, everyone and all expenses were taken care of.

Now I'm with a big corp, we make more money on avg then we've ever have, but we're in bunker mode like everyone else, streamlining, trimming beni's, dual rolled, all that jazz. We had our so called golden years 80's and 90's where money flowed through the people, perks out the ying tyang. But I don't get why that wouldn't be today since we profit 100's of millions a qtr today where we profited just 50 million a qtr then. The difference is the big boys sit on millions of shares now worth insane amounts, I can only assume they are drunk with cash and lost their focus and some humanity.

This comment was edited on Apr 18, 2013, 18:22.
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