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Square Enix Reportedly Says Final Fantasy XVI & Final Fantasy VII Rebirth Sold Below Expectations

The president of Square Enix has reportedly said to analysts that three of the company’s major releases — Final Fantasy XVI, Final Fantasy VII Rebirth, and Foamstars — have all sold below expectations.

That’s according to Bloomberg’s Takashi Mochizuki, who revealed that Square Enix now anticipates operating income to total 40 billion yen ($255 million) during the current financial year, which is down from analyst expectations of 57 billion yen.

In regards to the three games, Mochizuki noted that Final Fantasy XVI initially in line with expectations but quickly slowed down, therefore failing to meet the publisher’s expectations. Final Fantasy VII Rebirth and Foamstars however failed to meet Square Enix’s forecasts from their initial launch.

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However, Square Enix is reportedly still confident that Final Fantasy XVI can still hit its sales target over the original 18-month sales plan.

In case you missed it, the Japanese publisher recently outlined a new business strategy that involves making its triple-A titles multiplatform, and also confirmed that it had scrapped a number of unannounced titles that did not fit in with this new plan.

[Source – Takashi Mochizuki on Twitter]