Recently, a kind of restart as a company has been announced by Square Enix, this in order to obtain sufficient amounts of money to continue functioning correctly, something that includes the cancellation of projects that do not go with their current plans. For its part, it will sound strange to many, but even though Final Fantasy XVI and Final Fantasy VII Rebirth They were launched less than a year apart, they failed to meet the sales expectations that were sought.
In a financial call reported by Bloombergthe president of Square Enix, Takashi Kiryutold analysts that sales of all three games (including Foamstars) failed to hit expected revenues and profits, resulting in an overall hit to operating income for the business. It is worth mentioning that after the three million sales announced for the 16th installment of its flagship RPG, no more has been said, so the number would not have grown too much.
Square Enix said:
-FF16 sales fell short of expectations. Initial momentum was in line with expectations, but the games failed to reach FY goal as its momentum slowed. No updates from sales number last announced at 3 million
-FF7 Rebirth sales fell short of expectations. Initial…—Takashi Mochizuki (@6d6f636869) May 14, 2024
This also affected Final Fantasy 7 Rebirth. Since the initial push did not reach Square Enix’s goal. Carefully, square enix has yet to announce a sales figure for the second entry in the planned trilogy As for Foamstarsthere has also been no talk of numbers for this live service game, it was only reported that it had fallen short of expectations.
Here is the company description:
Square Enix is a Japanese entertainment and video game company known worldwide for developing, publishing and distributing some of the most popular and acclaimed video games in the industry. It was founded in 2003 after the merger of two prominent companies: Square Co., Ltd. and Enix Corporation.
In addition to video games, it has expanded into other areas of entertainment, including mobile game development, manga publishing, film and television show production, and the operation of online services. The company has also invested in technology and explored virtual and augmented reality.
Square Enix has been an innovative force in the video game industry, known for its high quality standards, rich stories, and deep characters. Their games often feature stunning graphics, orchestrated music, and complex narratives that have raised the bar for what video games can be.
For now there have not been many announcements of future games from the company, but it is possible that we will learn more in Summer Game Fest.
Via: IGN
Author’s note: I just hope that Kingdom Hearts IV fits with Square Enix’s vision for the new era, from then on cancel whatever you like, just don’t touch my Disney franchise please.
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