Quote:
Earlier today in Japan, Sega released its financial results for the last six months, which showed that its operating profit was down 20 percent from the previous year, with revenue down 3 percent. The company still posted a net profit of 1.01 billion yen (about $8 million). Sega said it has been harder than expected to become a cross-platform publisher, and that its initial plans to transition from its hardware-based model were overly optimistic.
A Dow Jones report said that Sega is focusing on improving profits in its "loss-making" sports game operations in the US, which Sega has had big hopes for. While Sega doesn't plan to back down from its fierce competition with Electronic Arts on other platforms, it will completely halt GameCube sports game development as of next year.
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Source: Gamespot
Good news for Xbox and Playstation 2 owners I suppose, bad news for GameCube owners.
