Blizzard 2005 Annual Report Download - page 40

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markets.฀The฀increase฀is฀primarily฀due฀to฀strong,฀worldwide฀sales฀of฀several฀of฀our฀PS2฀titles฀including฀
True Crime: Streets of L.A., Tony Hawk’s Underground, X2: Wolverine’s Revenge, Return to
Castle Wolfenstein, Cabela’s Dangerous Hunts
฀and฀
Cabela’s Deer Hunt 2004 Season
.
Microsoft Xbox Net Revenues
(In thousands)
March 31, 2004
% of Publishing
Net Revenues March 31, 2003
% of Publishing
Net Revenues Increase/(Decrease) Percent Change
$145,111 22% $75,329 12% $69,782 93%
Net฀revenues฀from฀sales฀of฀titles฀for฀the฀Xbox฀increased฀93%฀from฀$75.3฀million฀for฀the฀year฀ended฀March฀31,฀2003฀to฀$145.1฀million฀for฀the฀year฀ended฀March฀31,฀2004.฀
Though฀the฀number฀of฀new฀Xbox฀titles฀remained฀relatively฀consistent฀from฀fiscal฀2003฀to฀fiscal฀2004,฀we฀were฀able฀to฀increase฀our฀Xbox฀sales฀in฀both฀the฀North฀America฀
and฀international฀markets.฀The฀increase฀is฀primarily฀due฀to฀strong฀worldwide฀sales฀of฀several฀of฀our฀Xbox฀titles฀including฀
True Crime: Streets of L.A., Tony Hawk’s Underground, Return to
Castle Wolfenstein, Soldier of Fortune 2, X2: Wolverine’s Revenge, Tenchu: Return from Darkness
฀and,฀in฀select฀European฀markets,฀
Jedi Knight: Jedi Academy
.฀The฀increase฀was฀also฀due฀to฀an฀increased฀
installed฀base฀of฀the฀Xbox.
Nintendo GameCube Net Revenues
(In thousands)
March 31, 2004
% of Publishing
Net Revenues March 31, 2003
% of Publishing
Net Revenues Increase/(Decrease) Percent Change
$52,909 8% $74,694 12% $(21,785) (29%)
Net฀revenues฀from฀sales฀of฀titles฀for฀the฀Nintendo฀GameCube฀decreased฀29%฀from฀$74.7฀million฀for฀the฀year฀ended฀March฀31,฀2003฀to฀$52.9฀million฀for฀the฀year฀ended฀
March฀31,฀2004.฀The฀decrease฀is฀primarily฀due฀to฀a฀reduction฀in฀the฀number฀of฀GameCube฀new฀title฀releases฀from฀nine฀in฀fiscal฀2003฀to฀five฀in฀fiscal฀2004.฀The฀titles฀that฀
were฀released฀for฀GameCube฀performed฀strongly,฀including฀
Tony Hawk’s Underground
฀and฀
True Crime: Streets of L.A.
Sony PlayStation Net Revenues
(In thousands)
March 31, 2004
% of Publishing
Net Revenues March 31, 2003
% of Publishing
Net Revenues Increase/(Decrease) Percent Change
$20,843 3% $52,722 9% $(31,879) (60%)
Net฀revenues฀from฀sales฀of฀titles฀for฀the฀Sony฀PlayStation฀console฀system฀(“PS1”)฀for฀the฀year฀ended฀March฀31,฀2004฀decreased฀60%฀from฀the฀prior฀fiscal฀year,฀from฀
$52.7฀million฀to฀$20.8฀million.฀The฀decrease฀was฀expected฀due฀to฀the฀market฀transition฀away฀from฀the฀prior฀generation฀of฀hardware฀platforms,฀such฀as฀PS1,฀to฀the฀current฀
generation฀console฀systems.
Game Boy Advance Net Revenues
(In thousands)
March 31, 2004
% of Publishing
Net Revenues March 31, 2003
% of Publishing
Net Revenues Increase/(Decrease) Percent Change
$24,621 4% $44,060 7% $(19,439) (44%)
page 38
Activision, Inc. — 2005 Annual Report
Management’s Discussion and Analysis of Financial Condition and Results of Operations