‘Tomb Raider’ Sales Lower than Expected; Square Enix Reports Major Losses

Square Enix Reports Tomb Raider Sales Low and Major Losses

Despite how critically successful and how much the game has been praised by gamers, Tomb Raider has not performed up to par by Square Enix’s standards. According to a recent earnings statement, the games developer has lost over $100 million over the past fiscal year. Even with big titles such as Sleeping Dogs and Hitman: Absolution, Square Enix is looking to make major changes to ints business models in order to make up for this loss.

Dubbed an “Extraordinary Loss” themselves, Square Enix fell well under their expectations. According to reports, Square Enix was hoping to sell almost 15 million units in North America and Europe between September 2012 and March 2013. Between that time, Hitman: Absolution, Sleeping Dogs, and Tomb Raider totaled a little under 9 million units worldwide. “Extraordinary loss” nails it.

In a recent report, Square Enix is hoping to set their affairs in order and make things right for the next fiscal year:

“In view of the rapidly changing environment of the game businesses, the Company has decided to implement major reforms and restructuring in its development policy, organizational structure, some business models, and others.  The Company expects to incur loss of approximately ¥10 billion ($101 million) from such restructuring efforts to be recognized as extraordinary loss about loss from restructuring in the settlement of the account for its fiscal year ending March 31, 2013.”

It’s quite the shame that a game like Tomb Raider, so widely praised, could factor into such a blow to Square Enix. If Tomb Raider, Absolution, and Sleeping Dogs were unable to keep the company in the green, how will they fair when next-gen gaming comes around with the release of the PS4 and the new Xbox.

In these economic times, one could only assume that the prices of games play a big role in consumer behavior. If next-gen consoles end up increasing the price of games, we might see more studios like THQ closing their doors because hardcore gamers who will buy the newest games each month at full price are few and far between.

It has not been said what Square Enix will be doing to “reform” their organization, but hopefully it won’t mean laying off employees like we’ve seen many game companies do recently. Siloconera stated earlier this week that Square Enix Europe filed a trademark for Tomb Raider: Reflections. What does this mean exactly? There are no plans for expanded sinlge-player expansions and all focus has been placed on multiplayer efforts. So let’s cross our fingers that it has something to do with a sequel

Do you think Square Enix will rise to the challenge in the next-gen console wars and the ever changing buying patterns of consumers?

Tomb Raider is available to own on the Xbox 360, PlayStation 3, and PC.

Source: Game Rant

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