Electronic Arts has just reported its first-quarter earnings, revealing the company's continued turnaround. While the publisher boasted about being the #1 publisher "on high definition consoles," it's starting to look like the Wii is taking a backseat to PS3 and Xbox 360. Sure, the EA Sports Active franchise is doing well, but EA is putting more and more into high-def platforms, and of course, digital platforms.
Digging into EA's revenues for the last year, we can see a pretty startling drop in Wii game sales. A year ago, EA posted Wii revenues of $161 million; for the Q1 just reported, total Wii sales were only $40 million. With the exception of Q3 of fiscal 2010, when Wii revenues climbed to $196 million, sales for Nintendo's console have been dipping each quarter.
Conversely, sales generated from Xbox 360 and PS3 have been rising. Year-over-year in Q1, Wii sales were down a whopping 75% while Xbox 360 sales soared 259% and PS3 sales jumped 73%. To put that into perspective, looking at the sales from the three consoles, Wii only represented 7.8% of net revenues in the quarter, and if you factor in all platforms (PSP, DS, PC, mobile, etc), Wii accounted for less than 5% of all sales. Xbox 360 and PS3, on the other hand, accounted for nearly 58%.
Note: these figures are based on GAAP. Under Non-GAAP, the Wii accounted for about 6.5% of total sales.
