Net sales down for Mad Catz, Q2 earnings show rise in PS3, Xbox 360 biz
Plastic peripheral powerhouse Mad Catz has unleashed its fiscal 2010 Q2 earnings results (that's the three months ending September 30, 2009 for us normal folk) and, while the company is still making plenty of cash ($21.6 million this quarter, to be exact) it saw losses of 16 percent when compared to the same period last year, where Mad Catz' net sales earned it $25.8 million. Its biggest market, North America, also saw a dip in sales this year to the tune of 18 percent; US sales have fallen nearly 20 percent this quarter, while Canadian sales rose 55 percent.
When comparing its gross sales by platform, Mad Catz only managed to lose a small fraction of its PC platform business, while simultaneously building its PS3 and Xbox 360 revenue streams by ten and four percent, respectively, and growing its specialty controller business nearly 20 percent. The company did take a considerable hit in its Wii business -- sales dropped eight percent -- as well as in other platform markets, however.
Citing what its key products were during its fiscal Q2 2010, Mad Catz obviously had a lot of love for Capcom, as several of the fight sticks it offered for 2D fighters were top earners. Aside from that, it pointed to its new line of Rock Band accessories and some Wii items such as its Remote and z-Chuk as other successful ventures.
While this quarter may not have been the best for the company, all signs point to it being a successful fiscal Q3 2010 for Mad Catz. With its collaboration with the biggest game in the universe and its venture with Capcom to offer new fighting game stuff -- the company also confirmed that Marvel vs Capcom 2 stick is legit -- we have a feeling our next post on its earnings will probably have an image of Scrooge McDuck in it.
