Sales, income down in Capcom's Q2 financial report

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Sales, income down in Capcom's Q2 financial report
Capcom's Q2 financial results remain gloomy, with net sales down by 51.3 percent and operating income down by 41.6 percent over the same period in 2013. This marks the second consecutive quarter in which the Street Fighter publisher posted declining sales.

The culprit, Capcom believes, is a lack of any major releases during the period. Ultra Street Fighter 4, Dead Rising 3 and Phoenix Wright: Ace Attorney Trilogy all "posted steady sales," but without a major new product Capcom has only these relatively dated games to rely on. Capcom's arcade division wasn't much help, either. Net arcade sales dropped by 11.7 percent "due to the decentralization of the entertainment industry, a lack of products that attract new customers" and a shrinking market for those arcades that still exist.

Despite all of this, Capcom remains optimistic that it will reach its earlier projections of net sales totalling $740.3 million by the end of the 2014 fiscal year.
[Image: Capcom]
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