During a Nasdaq event, Electronic Arts CEO Blake Jorgensen said that people should expect consoles with disc drives to stick around for years.
EA’s stock price has dropped by 8.5 percent compared with other S&P 500’s which are up 2%, meaning £3.1 billion of shareholder value has been wiped out.
EA has announced their Q1 2018 results which includes April, May, and June of 2017. Net digital sales revenue reached $3.147 billion for the last 12-month.
Rockstar Games recent announcement that Red Dead Redemption 2 has been delayed until 2018 was a disappointment to gamers, but not necessarily a surprise.
Electronic Arts has just hinted to the release schedules for three of their biggest major releases of the near future.
Approximately 55 million PS4 and Xbox One consoles are in the market, according to Electronic Arts.
EA Games has revealed that it is considering creating more Battlefront games with DICE in the future.
An EA spokesperson has revealed that they are hesitant about jumping into virtual reality game development.
Electronic Arts have proven to be fully committed to the digital revolution by earning 77% of its Q1 revenue through digital sales. EA’s digital sales accounted for $532M of their total amount of $693M in revenue.