Capcom Game Sales Fall Nearly 50% During First Quarter Of Fiscal 2024

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Capcom Game Sales Fall Nearly 50% During First Quarter Of Fiscal 2024

Capcom

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have dropped nearly 50% during the first quarter of Fiscal Year 2024 compared to the same time last year. Specifically, sales have fallen roughly 44% to $138 million

Despite the sales being down significantly, the company did have increases in other areas of business. Capcom’s Arcade Operations and Amusement Equipment business saw increases of 18.1% and 147.2%, respectively.

That brought the consolidated sales for the first quarter to roughly $192 million, down just 32.5% year over year.

“Regarding business conditions during the three months ended June 30, 2024, in addition to the release of past titles on additional platforms, sales were dominated by catalog sales of major titles released in previous fiscal years in the core Digital Contents business due to the timing of new title sales in the fiscal year under review being weighted to the second half of the fiscal year,” the company said of the sales drop off.

Overall, Capcom doesn’t seem too worried about its first quarter sales or the overall the state of things as games such as Marvel vs. Capcom Fighting Collection: Arcade Classics, ***** Rising Deluxe Remaster, Ace Attorney Investigations Collection, and more are all set to launch later this year.

There is also the big new Monster Hunter Wilds set to release in 2025.

For the whole year, Capcom believes it will reach a net sales amount of $1.07 billion for fiscal year 2025, which ends March 31, 2025.

Editors Note: We mistakenly posted that it was Fiscal Year 2025. It is, in fact, FY 2024. The story has been ammended

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For more Insider Gaming, read about the price cut Sony has given the PSVR 2 headset.

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