Square Enix has made a loss this quarter of 13 billion yen, up about 4 times their forecasted loss of 3.5 billion yen. Mostly because of the loss they made on developing Tomb Raider for over 4 years, among other Eidos titles which had unrealistic sales expectations.
Final Fantasy Versus XIII was announced in 2006, and is the longest in development of all Final Fantasy games ever. It is using multiple large scale teams, including the main Final Fantasy team and Kingdom Hearts Team. Also it will be the 1st game to use part of SE's "Luminous Engine". Yoichi Wada, Ex-CEO, has made it clear this game is still in development.
Using Tomb Raider as a comparison, that game needed to make over US $300 Million to be profitable since that is the estimated budget for Producing and Marketing that game. Final Fantasy Versus has been in pre-development a few years longer than Tomb Raider, plus using part of a new Next-gen engine. This makes it substantially more costly, probably doubling the cost of Tomb Raider’s to around $600 Million.
This would mean FF Versus needs to sell at least 10-15 Million copies within the 1st month, for it not to be considered a failure. If Tomb Raider, Hitman and Sleeping dogs caused Square Enix this much financial heart-ache, causing a CEO to resign. Final Fantasy Versus XIII will bankrupt Square Enix.
Versus XIII is my #1 most anticipated game for half a decade now and it may even miss this gen. I fear it may just be too late.