Electronic Arts 2002 Annual Report Download - page 33

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significant decreases from fiscal 2000 releases. PlayStation 2 revenues did not offset the decrease in
PlayStation revenues due to fewer hardware units reaching the market and the weighting of titles
specifically appropriate for the North American market rather than the European market.
|•••»Asia Pacific’s net revenues decreased 4%, mainly due to the decrease in PlayStation revenues as there
were no significant new titles released in fiscal 2001.This was offset by sales of PlayStation 2 titles
such as
SSX
and
FIFA 2001
.
|•••»Offset by Japan’s net revenues which increased 58% compared to fiscal 2000 primarily due to the
shipment of PlayStation 2 titles such as
FIFA Soccer World Championship
,
FIFA 2001
and
SSX
in
fiscal 2001.
Information about our net revenues by product line for fiscal 2001 and 2000 is presented below (in thousands):
INCREASE/
2001 2000 (DECREASE) % CHANGE
EA STUDIO:
PC $ 405,256 $ 395,522 $ 9,734 2.5 %
PlayStation 309,988 586,821 (276,833) (47.2 %)
PlayStation 2 258,988 — 258,988 N/A
N64 67,044 120,415 (53,371) (44.3 %)
Online Subscriptions 28,878 16,771 12,107 72.2 %
Online Packaged Goods 3,198 2,255 943 41.8 %
License, OEM and Other 20,468 22,894 (2,426) (10.6 %)
Advertising 6,175 — 6,175 N/A
1,099,995 1,144,678 (44,683) (3.9 %)
AFFILIATED LABEL: 222,278 275,333 (53,055) (19.3 %)
Consolidated Net Revenues $ 1,322,273 $ 1,420,011 $ (97,738) (6.9 %)
Personal Computer Product Net Revenues
The increase in sales of PC products for fiscal 2001 was primarily attributable to the continued strong sales
of
The Sims
,which shipped in fiscal 2000. Key fiscal 2001 releases were
Command & Conquer Red Alert 2
and
The Sims Livin’ Large
.We released 20 PC titles in fiscal 2001 compared to 31 titles in fiscal 2000.
The Sims
continued to be the number one PC title.
PlayStation Product Net Revenues
We released 17 PlayStation titles in fiscal 2001 compared to 30 in fiscal 2000. As expected, PlayStation
sales decreased for fiscal 2001 compared to fiscal 2000 primarily attributable to the PlayStation 2 plat-
form transition.With the exception of
Madden NFL
,all of our franchises experienced significant decreases
from fiscal 2000 releases.
PlayStation 2 Product Net Revenues
We released 15 titles worldwide in fiscal 2001 for the PlayStation 2. Key releases for fiscal 2001 included
Madden NFL 2001
,
SSX
,
FIFA 2001
,
NBA Live 2001
and
NHL 2001
.Revenue was lower than expected
due to the shortage of PlayStation 2 hardware in fiscal 2001 resulting from component shortages which
limited the number of units that could be manufactured, according to Sony.
Affiliated Label Product Net Revenues
The decrease in Affiliated Label net revenues for fiscal 2001 compared to fiscal 2000 was primarily due to
the strong sales of
Final Fantasy®VIII
in fiscal 2000, our acquisition of DreamWorks Interactive, formerly
an AL, in the fourth quarter of fiscal 2000, fewer hit AL product releases and product release slips in Europe.
N64 Product Net Revenues
We released three N64 titles in fiscal 2001 compared to eight titles during fiscal 2000.The expected
decrease in N64 revenues for fiscal 2001, compared to fiscal 2000, was primarily due to fewer releases.The
decrease was also due to the weaker market for N64 products in fiscal 2001.The key release for fiscal 2001
was
The World Is Not Enough
.
EA 2002 AR 29