Activision Q4 sales up 80% to $1.48 billion
One of the nice things about being the top US publisher in a booming game industry is that it affords you the privilege of announcing record holiday sales. Activision's third fiscal quarter, stretching from October to December 2007, saw the publisher's sales increase by 80% over the year prior to $1.48 billion, with profits amounting to $272.2 million. Guitar Hero III: Legends of Rock and Call of Duty 4: Modern Warfare are the key titles to praise if you're Activision and blame if you're a consumer wondering where all your hard-earned money went.
Activision anticipates a further $350 million in sales to originate from its fourth fiscal quarter (ending in March), ultimately contributing to a projected $2.65 billion for the entire fiscal year 2008. As long as shootin' and shreddin' remain popular and the upcoming Vivendi merger stays on track, we don't expect to put "bankrupt" and "Activision" in the same sentence for a very long time. Well, not unless one those words is preceded by "creatively."
