"The video game industry continues to grow through a year of intense competition and transformational change", Wilson said. "As a result of these decisions, we struggled to gain momentum and we did not meet our sales expectations for the quarter".
After a hard 2018 characterised by sluggish sales and further loss of ground to multiplayer juggernaut 'Fortnite', EA has taken another huge hit after newly released earnings figures of $262 million for Q3 2018 showed that the company missed its $1.38 billion revenue target for 2018 by some way.More news: Facebook Messenger's Unsend Feature Now Available Globally on iOS and Android
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Apex Legends, the latest instalment in the Titanfall universe, was released the other day. EA shared some preliminary figures showing $1.29 billion in revenue, including $908 million from digital sales and $381 million from packaged goods and "other net revenue". The publisher is also gearing up to launch Anthem, and will continue to lean on its tried-and-true Federation Internationale de Football Association franchise.
Wait, what? EA has revealed that a new Titanfall game will launch later year, despite developer Respawn confirming that Titanfall 3 isn't in development. This year, battle royale modes became incredibly popular in shooter games.
What just happened? Apex Legends only launched a couple of days ago and is already seeing broad adoption.