Thursday, November 30, 2006
Despite PS3 Shortage, EA Meets Forecast.
Electronic Arts CEO Larry Probst announced today that, although Sony shipped fewer PlayStation 3's than he expected, EA's overall holiday sales so far have met or slightly exceeded his expectations. Even though the company's overall sales outlook was positive, the PS3 shortage and the disappointing Superman Returns: The Videogame pushed the company's shares down by almost 2 percent.
Probst said he knew demand for the PS3 would far exceed supply, but he was surprised by how few Sony was able to ship initially. By the end of 2006, he expects Sony will ship between 500,000 and 800,000 units.
Previously expecting its overall sales to be flat to down five percent, sales of Madden and The Sims raised EA's outlook to flat to up five percent.