Japan earthquake cost the game industry over $88 million

The Tohoku earthquake cost Japan’s game industry over $88 million, according to Famitsu publisher Enterbrain. CEO Hirokazu Hamamura went over the numbers in detail as part of his speech at a game industry seminar in Tokyo last Friday.

Hamamura divided the impact into hardware and software, with software taking the largest hit due to delays, cancellations, and a steep reduction in sales. In total, 31 games were delayed or canceled, according to the CEO. The figures began to pick up at the beginning of the month, he said, but the market will probably continue to remain difficult compared to pre-quake numbers for some time.

Hardware accounts for $34 million of total losses, with Nintendo and the 3DS being hit the hardest. “Both hardware and software have started recovering, but there's a possibility of hardware shortages,” said Hamamura.

Source: [FamitsuSankei News]

Apr 18, 2011

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  • WillisTron - April 18, 2011 7:53 p.m.

    That sucks, but it hardly holds a candle to the other tragedies caused by the quake. Prayers to those who lost loved ones in this disaster.
  • g4m3rk1dd - April 18, 2011 7:37 p.m.

    "heh, hardware shortages.... dont worry about all the people still missing" this site is about game news not about that depressing bullshit thats on w/e channel you watch...ofc they are still looking for missing people and stuff, that is, the people who job it is to look for said missing people. let the people who have taken the jobs they have taken DO THOSE JOBS.
  • bitchassafriBLAMamericANTISTA - April 18, 2011 7:31 p.m.

    ohh no they may have to cancel the new game party 3ds.
  • darksongbird - April 18, 2011 7:04 p.m.

    Sad news as usual...
  • hllywd212 - April 18, 2011 6:44 p.m.

    I meant 88 mil, not just the 34 for hardware.
  • BadLadJon - April 18, 2011 6:43 p.m.

    heh, hardware shortages.... dont worry about all the people still missing
  • hllywd212 - April 18, 2011 5:52 p.m.

    This is still bad news no matter how you look at it. 34 million dollars is a lot of jobs in a year, thats a lot of families looking for a way to make ends meet. Regardless if it affects the higest paid CEO directly or not, there are people who will suffer because of it. Not all CEO's are inherently evil.
  • erreip199 - April 18, 2011 5:14 p.m.

    So that means they were pretty much unafected considering how much money they make yearly anyways

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