Capcom Halves Profit Forecast and Cancels Games
by William D'Angelo, posted on 18 April 2013 / 4,841 Views
Capcom, the Japanese publisher, has cut its profit forecast for the year in half and has cancelled several of its games currently in development. The fiscal year ended on March 31, 2013. Profits for the year were cut to $29 million, from $66 million.
Due to the cancellation of games Capcom has taken a loss of $73 million. The cancelled games suffered a drop in quality as the publisher outsourced projects to cheaper overseas developers. Capcom has stated they will focus on developing more games in-house.
The publisher also said they will be increasing their focus on the digital market by releasing more downloadable content for its retail titles.
Capcom has also released its forecast for game sales. DmC: Devil May Cry is now expected to sell 1.15 million units, down from two million units. Resident Evil 6 is now forecasted to sell 4.9 million units, down from seven million units. Capcom expects to sell two million units of Monster Hunter 4 for the 3DS.
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I would be sad to see Capcom go away forever. But if they really want to SUCCEED again, perhaps they should quit putting out crap, focus LESS on new Resident Evil games, and focus MORE on whatever it was that made just about ALL of their games amazing back in the 80s and 90s. Find out the secret to that, and you're golden.
I think Capcom was golden in the 00's. Resident Evil 4 is laregly credited to be the best Resident Evil, The LEgend of Zelda Oracle of Ages/Seasons is one of the best, if not the best, handheld Zelda, and Monster Hunter has really exploded in the last decade.
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more and more people are voting with their wallets when it comes to capcoms shitty dlc ideas and awful PR team who all the time keep the attitude of "you keep buying our shit so we don't care if you think we're ripping you off" now that is changing in a big way so will their practices follow or will they go the way of THQ
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"The publisher also said they will be increasing their focus on the digital market by releasing more downloadable content for its retail titles. " - More DLC? No thank you. More digital games like megaman etc? Yes please
Capcom cutting projects, Square Enix losses, Sega closing studios, THQ closing activities, Nintendo cutting sales forecasts, Majesco posting losses EA, Ubisoft, Hilco cutting jobs. I don´t know how people still believe that the industry can be sustainable with the current business model. On the other side, small and indie developers are always making money with their cheap games.
With regards to 'Devil May Cry', the game received great reviews, Ninja Theory did a very good job... It's hardly their fault it didn't sell as well as anticipated, Capcom only have themselves to blame.
if they wanted it to do better they could have removed the capcom labels from the box completely and then maybe it wouldn't have been sitting on the shelves next to copies of Street fighter X Tekken reduced to 5euros and being a stern reminder that capcom are dickheads to their fans.
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Stop cancelling Megaman games you fucking idiots, don't you like money or what???
I like that it looks as though they are focusing more making their own games by their own hands rather than having their franchises in the hands in some random other developers. They probably should have just done that and maybe putting those projects into hiatus rather than outright cancelling them though
more DLC??? LMAOOO 2 million for MH4? yeah sure! like 2 million in first month in japan
perhaps they're planning to release each new town as DLC after you buy the game, as such 2million is hopeful I predict that if capcom doesn't go out of business for it's practices that one day when you buy a capcom game it will only feature the intro FMV and after that come up with an "insert coin" screen like the golden days of arcade.... for nostalgia reasons ofc.... and also because you'll have to pay for continues in street fighter with MS points to capcom.
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Well RE5 sold 6M, so considering all the bad reputation RE6 got, I think that reaching 5M is quite good.
RE6 has sold 4.8M copies to stores as of 31 December 2012.
http://www.capcom.co.jp/ir/english/business/million.html
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2 m for MH4? Really Capcom? Over estimate RE and DMC but underestimate MH *facepalm*
2 m for MH4? Really Capcom? Over estimate RE and DMC but underestimate MH *facepalm*
How does cancelling games make a $73 million loss? By that thinking it means they had sunk $73 million into those games they cancelled? Highly doubt that.
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