With 172,000 copies sold, Square Enix’s Sleeping Dogs was the sixth-best selling game in the U.S. in August, according to NPD.
Square Enix announced revised earnings expectations today.
The revision is blamed on several factors, including slower than expected sales of a ”major HD” game, “sluggish sales” of major arcade machines that were released during the three month-period ended September 30, 2012 experienced sluggish sales as well as delays of the launch of social game service launch, which resulted in decrease of service revenues and up-front expenditure of development costs.
In addition Square Enix anticipates “ uncertainties of the business environment” will continue in the second half of the fiscal year. The company expects a loss of 5.4 billion yen (US$67.8 million).
Square Enix’s stock price plummeted over 5% in Japanese trading after the news.
Find Square Enix’s full revision statement here (English, PDF).
