Activision has published the financial results of its first quarter, which showed a rise in net income from $384 million to $456 million. But the news isn’t all good. The company is also reporting that World of Warcraft subscribers are down, and so it has adjusted its expectations for the rest of the year, blaming increased competition and poor Wii U sales, as well as other things.
Uncertainty about the next generation of the Xbox and PlayStation consoles also factored into Activision’s outlook on the rest of the year.
For 2013, Activision estimates making $0.82 per share with $4.25 billion in sales. World of Warcraft subscribers are at 8.3 million right now. The all-time high was about 12 million. Although there are plans to push out content faster, the Wall Street Journal reports that no big updates are scheduled until 2014. It’s gonna be a rocky year for the company.
Source Slashgear
Filed Under: Gaming News