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NCsoft, the publishers of many games here at Gameamp, including our beloved Guild Wars, have suffered a 49% drop in profit, as revealed in its fiscal Q1 results.
The Korean firm reported a net income of $7.2 million for the quarter ending March 31st, down from $14.3 million for the same period last year.
Sales were up however, by 5% to $89 million, though this is due to players in the east, as European and North American sales were down by half.
NCsoft blames declining sales of titles such as City of Heroes, City of Villains and Guild Wars, all of which saw sales drops of over 50 per cent.
Discuss this in the forums, you can find the thread here
Thanks to Lani for alerting me to this.
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