Economic Slump Hits EA Share on Facebook Share on Twitter Update ID

Electronic Arts had a rougher holiday season than expected. The company announced this morning that it is updating its fiscal year outlook, and they've pared back their numbers for the business year ending in March by about 5%. EA has been in the process of cutting about 25% of its workforce over the last year, including one third of the staff at EA Mythic.
Revised fiscal year 2010 expectations are primarily the result of weakness for EA and the overall packaged goods sector in Europe in December, and a product mix shift to lower margin distribution products in the December quarter, primarily in North America.


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