Video game giant Electronic Arts (EA) has issued another profit warning saying that holiday sales had been worse than expected. At the end of October, EA warned on profits and announced plans to cut between 500 and 600 jobs. Now it has said that its performance will fall short of already low forecasts, although it will not make an updated forecast until February.
The company said it had been hit by the growing market share of Nintendo's Wii console, because Nintendo also makes most of the top-selling games for the console. EA said it would now try to make additional cuts to its costs on top of those announced in October. It did not say how many more jobs would be cut.
News source: BBC News
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