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Stocks E / Electronic Arts Inc.
|Subject: CEO comments||Date: 10/21/2012 2:25 AM|
|Author: newsreporter||Number: 1595 of 1599|
Electronic Arts CEO: Consumers Won’t Pay for Crap
Game maker Electronic Arts says that social gaming is evolving, not dying.
Speaking at a conference Friday, CEO John Riccitiello said that the boom of social gaming was overhyped, but its decline is being overplayed, as well. Companies such as Zynga weren’t as brilliant as they were made out to be a few months ago, but things aren’t as bad as current headlines would have one believe.
“The companies that are now suffering will have another day,” Riccitiello said.
There are some lessons that all game makers