Electronic Arts lowers its game sales forecast for the next quarter
According to Electronic Arts, the gaming boom caused by the coronavirus pandemic is declining due to expectations
market decline.Electronic Arts has lowered its sales forecast for the next quarter, the company estimates game sales at $1.73 billion to $1.78 billion. In addition, the company says that next quarter's revenue will be negatively impacted by a stronger dollar. Electronic Arts ended the quarter with revenues of $1.13 billion. It is noted that spending on video games in the US decreased by 11% in June, and may fall by 8.7% in total for the year. One of the factors in the decline in revenue from the gaming industry is the limited supply of new games. Earlier, Sony cut its full-year profit guidance, and Activision Blizzard reported second-quarter results worse than analysts expected.