Sega has been on the shakiest of grounds for quite some time due to a lack of releases (not to mention the lack of GOOD releases). Today, IGN told us just how bad things are looking for Sega right now as the publisher released their results for the first quarter of this financial year.

The exact percentage of loss for Sega was a whopping 57.4%. The strange thing was that Sega actually saw an increase to last year’s profits between April 1st and June 30th as they earned $858 million, and then tanked down to (roughly) $50 million. A very noticeable decrease which includes Sega’s home market as well as their sales here in the states

However, the surprise and confusion fades a bit when you hear of the amount of releases Sega pushed out in that time period. Their only release was Persona Q: Shadow of the Labyrinth, which only saw a Japanese release and moved only 250,000 copies. The bulk of the company’s income is currently coming from their arcade business. Hopefully that holds up.

My Opinion:

I gave up hope for Sega a long time ago and this news is only serving to make me believe that was the right decision. Considering that Sega America already closed its doors, maybe it’s time for Sega to get out of the games business? I haven’t seen a good Sonic title since Adventures and I’m sure someone would buy up Bayonetta. I feel like Sega is a flopping fish out of water that’s slowly dying, they either need something massive to knock them back “into the water,” or to just go ahead and die… not to be too morbid.

Myles K Farrington is one of the MONG Senior Editors sailing the seven internet seas to find all the news you’re jonesin’ for. Keep up with him over on IGN, Twitch, and Twitter as well!