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.
The iPad may not have a built-in camera, multitasking capabilities, or support for Flash, but it does have a 9.7-inch high-resolution touch screen that many expect will be conducive for gaming. And though Apple only showed off a couple of games at the iPad launch event, the company made it clear that all iPhone apps--including games--would run on the iPad and that it expected many developers to create updated versions of their games that would take advantage of the device's larger display.
Of course, it remains to be seen whether developers will charge you extra for the iPad version of an iPhone game you've already bought (we suspect that at least for some games the iPad version will be a separate purchase). However, we're not going to worry about all that right now; instead we're just going to take a moment to imagine what iPhone games will really benefit from making the move to the big screen, and which PC or online games would be ripe for iPad treatment.
As always, feel free to agree or disagree with our picks and make suggestions of your own. Click on any image to start the slideshow.