Software
As EA develops games for the launch of the Xbox 360 game console in November and PlayStation 3 next year, the company booked a 40% jump in research and development costs in the first quarter, to $183 million. R&D headcount is up 40% to 4,500 employees and is expected to reach 5,100 employees at the end of the fiscal year, the company said.
But EA is projecting console sales sit flat to up a modest 5% in 2005 given that the first next-generation console -- Microsoft's(MSFT) Xbox -- won't hit store shelves until the tail end of the year. Declining software sales and increased costs are largely typical during the transition period before the launch of the next generation video-game consoles.TheStreet Premium Services
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