Ubisoft CEO Yves Guillemot blamed the results on a lagging industry that shrank 10 percent year-over-year during a global economic downturn. While Ubisoft's sales were down even more than that, Guillemot said the numbers had stabilized in the second half of the last year and forecast a return to profitability in the current year. The launch of new technologies like Project Natal and Sony's Move controller should "re-energize the casual games segment," Guillemot said, and the company is reorganizing its studio system "to release new iterations of our major franchises on a more regular basis and guarantee high quality levels."
The publisher also provided some shipment updates on its recent titles. Last year's holiday blockbuster Assassin's Creed II has now sold in nearly 9 million copies to retailers, while the casual-focused Wii game Just Dance is approaching 3 million copies sold in to retailers. And while the publisher didn't give specific numbers for other titles, it did say that Red Steel 2 on the Wii met its most recent sales forecasts, and Avatar (especially the Wii edition) surpassed them.