Square Enix Financials See Tomb Raider, Hitman and Sleeping Dogs Fail to Meet Expectations
Written Tuesday, March 26, 2013 By Richard WalkerView author's profile
Despite racking up an impressive 3.4 million units sold since its launch a few weeks ago, Tomb Raider has still been branded a relative failure for Square Enix, according to its financial report that cites a poor performance for key titles in a drastically revised set of numbers.
The financial results are purported to be what led to Square Enix CEO Yoichi Wada stepping down as reported earlier today, with big hitters like Tomb Raider and Hitman: Absolution failing to reach their expected sales targets despite hitting the multi-million marks.
Hitman: Absolution and Sleeping Dogs were both warmly received by critics, as was Tomb Raider, and have managed to rack up sales of 3.6 million and 1.75 million respectively since launch.
“Despite the high critical acclaim, [the games] failed to meet each target. In particular North America sales force as ineffective, ending up with two-thirds of number of units sold in Europe," the financial report states. “Moreover, price pressure was strong, which forced spending additional channel costs such as price protection.”
These financial figures would usually be considered as quite strong, especially Tomb Raider's performance during such a short period since the game's release. Nonetheless, here's hoping these results don't see another publisher going the way of THQ.