THQ faces a class-action lawsuit after allegedly misleading its shareholders regarding its failed uDraw peripheral.
THQ has revealed how it plans to offload the 1.4 million unsold uDraw units responsible for dragging down it latest quarterly financial report.
Revenue from the PlayStation 3 and Xbox 360 versions of THQ's uDraw tablet peripheral was a staggering $100 million below the publisher's expectations.
Speaking during an investor Q&A earlier today, CFO Paul Pucino revealed that the publisher has around 1.4 million unsold units collecting dust in its inventory.
"Revenues were lower by about $100 million," admitted Pucino.
THQ has laid-off 30 members of the uDraw development team following disappointing sales of the publisher's tablet peripheral.
Disappointing sales of the PlayStation 3 and Xbox 360 version of THQ's uDraw tablet have prompted the publisher to scale back its revenue expectations for the current fiscal quarter.
Games for THQ's uDraw tablet will take advantage of the enhanced features of Nintendo's upcoming Wii U console, THQ has revealed to Eurogamer.
THQ's uDraw peripheral arrives on PlayStation 3 and Xbox 360 this November.
Look at all these games Nintendo has prepared for Wii and DS - and they'll all be released before the end of March (Q1 2011).
There are some absolute belters! Wow it's Peppa Pig Theme Park Fun! Gosh it's National Geographic Challenge! Shoot me it's Bibi & Tina - Jump & Ride!
Actually, star billing goes to Pokemon Black and White. Why? Well, selling 5.26 million copies from mid-September to the end of December, in Japan alone, says something.