Sega full-year loss to widen

Dreamcast price cuts nuke profits


Sega today posted a ¥17.98 billion ($163.11 million) loss for the six months to 30 September, in line with the company's expectations.

As Sega had warned earlier, its attempt to revive flagging sales of its Dreamcast console by slashing prices and offering cash rebates knocked the company's earnings for six, turning an expected profit into a loss.

Sega's warning, made late last month, covered the full fiscal year. It said it will lose ¥22.1 billion for the full year to March 2001, very different from the ¥1.5 billion profit the company originally said it would see. Fiscal 2000 ended with a loss of ¥42.88 billion, and the company hoped to turn that around with a series of cost-cutting measures.

It didn't help though. Indeed, Sega today said that it now expects its full-year loss to widen, to ¥23.6 billion.

For the first six months of fiscal 2001, Sega saw sales static at ¥127 billion. ®

Related Stories

Sega to turn ¥1.5 billion profit to ¥22.1 billion loss
Price cut sends Dreamcast sales through roof


Other stories you might like

  • A peek into Gigabyte's GPU Arm for AI, HPC shops
    High-performance platform choices are going beyond the ubiquitous x86 standard

    Arm-based servers continue to gain momentum with Gigabyte Technology introducing a system based on Ampere's Altra processors paired with Nvidia A100 GPUs, aimed at demanding workloads such as AI training and high-performance compute (HPC) applications.

    The G492-PD0 runs either an Ampere Altra or Altra Max processor, the latter delivering 128 64-bit cores that are compatible with the Armv8.2 architecture.

    It supports 16 DDR4 DIMM slots, which would be enough space for up to 4TB of memory if all slots were filled with 256GB memory modules. The chassis also has space for no fewer than eight Nvidia A100 GPUs, which would make for a costly but very powerful system for those workloads that benefit from GPU acceleration.

    Continue reading
  • GitLab version 15 goes big on visibility and observability
    GitOps fans can take a spin on the free tier for pull-based deployment

    One-stop DevOps shop GitLab has announced version 15 of its platform, hot on the heels of pull-based GitOps turning up on the platform's free tier.

    Version 15.0 marks the arrival of GitLab's next major iteration and attention this time around has turned to visibility and observability – hardly surprising considering the acquisition of OpsTrace as 2021 drew to a close, as well as workflow automation, security and compliance.

    GitLab puts out monthly releases –  hitting 15.1 on June 22 –  and we spoke to the company's senior director of Product, Kenny Johnston, at the recent Kubecon EU event, about what will be added to version 15 as time goes by. During a chat with the company's senior director of Product, Kenny Johnston, at the recent Kubecon EU event, The Register was told that this was more where dollars were being invested into the product.

    Continue reading
  • To multicloud, or not: Former PayPal head of engineering weighs in
    Not everyone needs it, but those who do need to consider 3 things, says Asim Razzaq

    The push is on to get every enterprise thinking they're missing out on the next big thing if they don't adopt a multicloud strategy.

    That shove in the multicloud direction appears to be working. More than 75 percent of businesses are now using multiple cloud providers, according to Gartner. That includes some big companies, like Boeing, which recently chose to spread its bets across AWS, Google Cloud and Azure as it continues to eliminate old legacy systems. 

    There are plenty of reasons to choose to go with multiple cloud providers, but Asim Razzaq, CEO and founder at cloud cost management company Yotascale, told The Register that choosing whether or not to invest in a multicloud architecture all comes down to three things: How many different compute needs a business has, budget, and the need for redundancy. 

    Continue reading

Biting the hand that feeds IT © 1998–2022