EA loses $310 million, totally forgot where they put it
Mega publisher Electronic Arts has revealed its second quarter fiscal results and the situation is less than stellar. Following a $95 million loss in its first quarter, EA has announced a loss of $310 million for the quarter ending September 30. Titles that excelled in the quarter included Madden NFL 09 (4.5 million units sold), Spore (2 million units sold) and the new MMO Warhammer Online (1.2 million units sold).
Due to its continuing losses, EA has also announced company plans to let go about 600 employees -- 6% of its entire work force. Coming into the holiday season, EA expects to close the gap caused by losses but something tells us that at least 600 people could care less.
