Electronic Arts lowers its financial forecast, plans to expand Mirror’s Edge and Dead Space

Just before Electronic Arts went on a conference call on December 9, 2008, the company announced it would be “continuing to pursue cost saving initiatives including a reduction of its product portfolio for fiscal year 2010 with additional associated headcount reductions and facility consolidations.”

E.A. CEO, John Riccitiello, was quoted in the announcement saying:

While we saw significant improvement in the overall quality of our key products this year, we are disappointed that our holiday slate is not meeting our sales expectations. Given this performance and the uncertain economic environment, we are taking steps to reduce our cost structure and improve the profitability of our business.

During the conference call, Mr. Riccitiello revealed that 17 games released in 2008…