EA investing $80 million in next-gen development
Published May 8 2012, 03:12 BST | By Scott Nichols
© PA Images / Damian Dovarganes/AP
is to make a significant investment in games for the next generation of consoles.
As part of the publisher's fourth quarter financial report, it set out expectations for spending and revenue for the next fiscal year. As part of that report, EA revealed that it will invest $80 million (£49.4 million) in "development of games for Gen4 console systems."
The $80 million will be invested during EA's current fiscal year, which began April 1 this year and runs until March 31, 2013.
What is not known is how that investment will break down in terms of titles. With already rising development costs expected to increase again for the next generation of consoles, it may translate to only two or three titles - depending on unknown factors such as the games' genres and the engines used.
Rumours continue to spread about the next Xbox and Playstation consoles. Developer kits for the next Xbox are said to already be in production at the Texas branch of Xbox 360 manufacturer Flextronics
The system itself is said to be six times more powerful
than the current Xbox 360. Previous reports have said that Microsoft's next console will launch in two different editions
, one of which is codenamed 'Loop'
, and will be "far cheaper" and more focused on the Kinect system.
The next Playstation, codenamed Orbis
, has received some rumoured specifications
, including two custom processing chips.
Both Microsoft and Sony have denied that their new consoles will be unveiled at this year's E3.