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This iPad game called MLB baseball was introduced by Steve Jobs on the launch of the device. It was picked on purpose because the game demonstrates the truly amazing graphic capabilities of the iPad. The game is not complete yet and according toMLB website it should be launched on iPad and iPhone during 2010. This game should be a direct punch to playstation on a niche completely dominated by Sony. we will have to wait and see if the iPad game live up to the high expectations.
THQ recently reported that they have returned to profitability after a difficult year. In addition, they will be opening new studios dedicated to digital development for consoles as well as Apple's iPad. Unfortunately, THQ will also be laying off some employees as part of the process.
Returning to profitability The good news (for investors) is that THQ's profits for Q3 2010 are in line with expectations. For the nine months that ended December 31, 2009, THQ reported net income of $1.4 million, or $0.02 per share, compared with a net loss of $334.2 million, or $5.01 per share, in the prior-year period.
On a non-GAAP (Generally Accepted Accounting Principles) basis, the company reported net income of $8.3 million, or $0.12 per share, compared with a net loss of $65.4 million, or $0.98 per share, in the same period a year ago.
We are pleased to report solid profitability in the third quarter and we are on track to achieve all of our fiscal 2010 financial targets that we announced at the beginning of the fiscal year. This marks a significant turnaround for THQ in just one year and underscores the success of our focused strategy and reduced cost structure. --THQ President and CEO Brian Farrell.
Game releases and licenses THQ also confirmed Warhammer 40,000 Dawn of War II: Chaos Rising for the PC for a (fiscal) Q4 2010 launch. (The fiscal Q4 ends September 2010.)
THQ also announced that they have entered a new agreement with WWE to develop WWE-based games. In addition, THQ has acquired exclusive worldwide rights to develop and publish games based on Dreamworks animation films, including Kung Fu Panda: The Kaboom of Doom, Puss in Boots, and the animated TV show The Penguins of Madagascar.
Lawsuits settled In December 2009, THQ, World Wrestling Entertainment and JAKKS Pacific, Inc. reached settlement agreements regarding the WWE video game license and the termination of the THQ/JAKKS Pacific LLC joint venture. As a result, THQ reported a one-time settlement of $29.5 million, which is included in the venture partner expense line in its GAAP financial results for the fiscal 2010 third quarter ending December 31, 2009.
New Studios opening In addition to returning to profitability, THQ will be opening two new studios dedicated to digital distribution and online games. THQ has 'refocused' its Juice Games and Rainbow Studios development studios toward the creation of games for digital distribution for consoles, as well as the recently announced Apple iPad.
The studios will now be called THQ Digital Studios Warrington and THQ Digital Studios Phoenix, respectively.
THQ anticipates the first games from THQ Digital Studios Warrington and Phoenix to be released in fiscal 2011. The games are in development for all major digital platforms, including Xbox LIVE® Arcade, PlayStation® Network, iPhone and iPad.
Layoffs pending Unfortunately, as part of 'refocusing' its studios, THQ will also be laying off approximately 60 people.
We were the first to report that the Apple iPad will certainly prove to be a strong force in mobile gaming. Apple has been successful in dominating the handheld gaming market with the App Store for iPhone and iPod touch.
As Apple announced the iPad it made complete sense for Apple to extend the App Store to iPad. To show the capabilities of the new iPad Apple invited EA Mobile and Gameloft to showcase their popular games Need for Speed Shit and N.O.V.A on iPad.
Electronic Arts have reworked Need for Speed Shift for the iPad and made the game fully touch enabled. The graphics appeared alot better than on the iPhone. Just tap inside the car to see from inside, you can swipe up and down change gears, and tap on the mirror to look behind you. Awesome!
Gameloft presented a new version of their popular game N.O.V.A. To control this game you can slide the D-Pad up and down the screen or move the controls around. The game will also feature multi-touch gestures like sliding two fingers across the screen to throw a grenade. This will be a huge success for Gameloft.
We received an urgent update from Firemint saying “we are already building our next generation of games for higher definition, more powerful devices than are available today. We imagine what the devices of tomorrow will be capable of, and invest in bringing our games to the next generation of hardware, like the iPad!” Firemint confirmed that Flight Control will be available for iPad on release.
Today, SGN also confirmed on Twitter that they would be modifying their games like F.A.S.T and Skies of Glory for the iPad.
Stay tuned as we bring you all the latest in iPad games!
