Electronic Arts has officially confirmed that it will develop games for the Nintendo Game Boy Advance. During the company's Q3 earnings call this afternoon, Larry Probst, chairman and CEO of Electronic Arts, revealed that the company fully intends to support the 32-bit handheld and currently plans to release four to six games for the GBA in the fiscal year 2002. The company has supported the Game Boy Color with most of its major franchises, including its sports properties such as Madden and Knockout Kings, and that type of support is expected to continue with the Game Boy Advance.
Regarding GameCube development, EA officials refrained from making an official announcement, but they did say that the company feels that the GameCube is going to be an important platform in the next generation, and they pointed to the company's traditional support of Nintendo consoles. "Although we aren't making an official announcement, you can surmise that we will be [on the GameCube] when that is launched as a new platform and going forward as well," Probst said. Additionally, the company expects to further support the PlayStation 2 with five products in Q4 and approximately 25 games for the console in the upcoming fiscal year.
Electronic Arts announced a consolidated net income of $91.5 million, or 66 cents a share, for Q3 of the current fiscal year, compared with an income of $94.9 million, or 70 cents a share, during the same period a year earlier. Net revenues rose to $640.3 million from $600.7 million for the same period last year. Its earnings per share of 66 cents were on par with analysts' expectations. EA shares closed the day at $40, up 3.4 percent on the day.