The company lost a bit of revenue, which they contribute to the next-generation console transitions and other slight issues. The company hit $1.2 billion in 2005 and only reached $1.03 billion.
"The company blamed the fall in results on the transition between console generations; specifically delays and acceptance of new hardware by consumers and a lower average selling price of current generation software. Higher development costs for next generation software were also blamed for the results, as well as new investment in the company's 2K Sports brand. However, the company claims that such investments will have a positive impact on fiscal 2007 results."
Take-Two didn't come out so bad considering the "issues" they've had with hot-coffee and Oblivion's naked skins issues. The negative press wasn't a factor, it appears.
Most of Take-Two's success came out of PlayStation 2 followed by Xbox 360. Surprised? Will they take the plunge and really invest into PlayStation 3 when the PS2's figures are so high?
sources:
gamesutra.com
1up.com
