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Electronic Arts, the world’s largest video games publisher, is to raise substantially its support for Nintendo’s Wii games console, which has been outselling Sony’s PlayStation 3.
The quality of video game content available is a deciding factor in the console wars. Larry Probst, EA chief executive, announced the boost for the Nintendo product yesterday in a report of EA’s third-quarter earnings.
“In the year ahead, we plan to build on our leadership position on both the Xbox 360 and the PlayStation 3, and to significantly increase our support for the Nintendo platforms,” Mr Probst said.
EA released only two Wii titles in its busiest quarter ending December 31, during which both the Wii and PS3 were launched. Four games were released for the PS3 and five for the Xbox 360. EA said it was working on 15 new Wii games.
Nintendo said last week it had sold 3.19m consoles worldwide by year end, including 1.25m in North America. Microsoft sold 4.4m Xbox 360s in the last quarter worldwide, while Sony shipped 1m PS3s to the US, although industry data suggested not all had been sold.
EA said it had grabbed a 32 per cent share of the small PS3 market in its third quarter, but did not provide figures for the Wii.
It reported revenues of $1.281bn, up one per cent on the year, ahead of analysts’ expected $1.263bn. Earnings per share of 63 cents were down from 86 cents a year ago, ahead of Wall Street expectations of 57 cents.
EA shares were up 4 per cent in after-hours trading at $52.55.