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.