NEWS - Friday, April 20, 2001


Sega outlines development

Sega officially announces GameCube development, outlines its software release schedule, and discusses its plans to return to profitability.

Sega held a structural reform briefing on Thursday in Japan to unveil its plans to return to profitability in the current fiscal year that began April 1. The company also outlined its software development plans and briefly discussed its goal to expand its arcade business. Sega announced a three-year restructuring scheme through which it plans to boost sales in its home software business from the projected 62 billion yen in 2001/02 to 128 billion yen by 2003/04. To achieve this, Sega plans to cut a substantial amount of its operating overhead. The company plans to reduce its workforce to approximately 700 by March 31, 2002 from over 1,000 employees. The company also plans on selling off or liquidating 20 of its 57 affiliates and subsidiaries that it feels do not fit into its long-term operating plans. Additionally, the company’s inventories of the Dreamcast console, which stood at over 2 million worldwide when it announced plans to halt production, has now be reduced to approximately half that amount since it announced the console’s price drop.

Read more about it.
Source: http://www.gamespot.com/

Comments

Site Statistics

Registered Members: 44,768
Forum Posts: 725,821
Xbox One Titles: 1,398
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 585
Original Xbox Titles: 987
Staff Reviews: 1,745
Member Reviews: 10,339
News Articles: 14,659
Screenshots: 31,669
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News








See News Archives

Community Forum Activity

Xbox Playdates Canada August, 2018 Playdate info thread.
Post by Kiesey
2 Replies, 96 Views

Xbox Game Pass
Post by oryanphine
2 Replies, 268 Views

Xbox Playdates Canada July, 2018 playdate info.
Post by Kiesey
3 Replies, 382 Views

Manette Xbox One Xfest18
Post by oryanphine
2 Replies, 620 Views

Xbox One X Mountain Dew
Post by oryanphine
0 Replies, 481 Views

Xbox Playdates Canada June 2018 schedule
Post by Kiesey
1 Replies, 648 Views

Xbox One X Black Panther
Post by oryanphine
3 Replies, 967 Views

Xbox Playdates Canada May 2018 schedule
Post by Kiesey
4 Replies, 946 Views

Is anything happening in XBox One land?
Post by DJ tx
7 Replies, 1256 Views

Xbox One S Jojeux Anniversaire
Post by oryanphine
1 Replies, 830 Views

Xbox One X Steelbook
Post by oryanphine
1 Replies, 919 Views

Xbox Playdates Canada April 2018 Schedule
Post by Kiesey
4 Replies, 1198 Views

Xbox One X World of tanks
Post by oryanphine
2 Replies, 1285 Views

Xbox Playdates Canada - March 2018 Schedule
Post by Kiesey
7 Replies, 1569 Views

Any info on Biomutant release?
Post by DJ tx
4 Replies, 1323 Views

© 2000-2018 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics