Troubled Saints Row publisher THQ has announced a net loss of $55.9 million (£35m) for its third fiscal quarter ended December 31, 2011.
Overall the tablet's failed expansion to Xbox 360 and PS3 has cost THQ $80 million in lost revenue and expectedly the company's said it has no further plans for the device.
On the core side of things, the publisher announced that Saints Row: The Third shipped 3.6 million units during the quarter, making it "the largest owned-IP launch in THQ's history", while WWE '12 shipped over two million copies during the three month period.
THQ CEO Brian Farrell said the titles "demonstrate the strengths of THQ's core gaming capabilities".
However, he added, "sales of the uDraw GameTablet and related software, and other titles in the kids, family and casual category were far weaker than anticipated, substantially reducing our financial results for the quarter."
Comments
5 comments so far...
MPH on 3 Feb '12 said:
Is it a surprise that uDraw flopped? I mean really? I can't even begin to understand how THQ thought it would be a good idea. Add-on peripherals like that nearly always fail to captivate the market. The only way it may have been a success is if it was bundled with a console to start with, and even then that's pushing it as it would have forced prices up.
gmcb007 on 3 Feb '12 said:
http://www.blogcdn.com/www.joystiq.com/media/2012/02/thqstockdrop530.jpg
dicky1993 on 3 Feb '12 said:
haha i never see anything thq anymore
The Bossman on 3 Feb '12 said:
The last game of theirs I bought was Homefront, and it's OK I guess but it looks like a dog turd and the engine isn't much better. I find myself playing it a few times a month though so it must do something right.
craiglackenby on 3 Feb '12 said:
Homeflop looked like s**t as it was Unreal engine. The only decent looking Unreal powered games imo are, Gears of Snore and the under-rated Bulletstorm.