Top publisher Electronic Arts has issued a warning to the stock market confirming that sales of videogames in the holiday quarter have fallen far below expectations, and may see a year on year percentage decline in the double digits.
In a warning issued by the company to the stock market yesterday, EA said that it will miss its previous estimates for the quarter, but declined to give new projections - with CFO Warren Jenson saying only that the sales decline may be in the "mid teens", in percentage terms.
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GamesIndustry