What many people have feared has come true, Konami is making almost as much money on social gaming as they are on traditional video games. In their recent financial report Konami revealed that they were making 26% less this quarter on console/traditional games ($218 million), while at the same time increasing their revenue from their social games almost 230 percent ($216 million). In addition, Konami's overall revenues were up 6% to "($1.6 billion), while net profits jumped 174 percent to ¥11.5 billion ($147 million)." As of December 2012 Konami had only less than three million social game users register, they now have over 11 million registered social gaming users. I am not by any means against social gaming like I know a lot of people are. However, you have to wonder how much these numbers are going to effect how Konami does business in the future. We all know they are going to continue with their big franchises like Metal Gear Solid, but will they still try and develop new triple-A games if they know it might be more profitable to just keep cranking out social games? What do you think, will Konami pull back the reigns on developing new IPs to develop more social games or will they continue to act as a major console developer?
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I have been playing video games all my life but not only that I enjoy discussing them just as much as I love playing them. Therefore after going through college to get a criminal justice degree I became a freelance video game writer.