http://www.gamesindustry.biz/content_page.php?aid=13006
I just feel kinda sorry for the dumb shmucks that invested in this company. The management have given themselves several times that amount of taking in salary and bonuses and obviously it's a techno-scam.Revenues for the six month period - which includes over three months of Gizmondo sales in the UK - were $1.5 million, with the firm admitting that "only minor sales amounts have been recorded" during the period.
That may be something of an understatement regarding the console, which is being sold through a flagship retail store in London's prestigious Regent Street shopping area as well as through a number of retail partners nationwide..
Based on the $1.5 million revenue figure, it seems likely that under 5,000 units of the Gizmondo console were sold during its first three months at retail - and even that figure is optimistic, as it assumes that an extremely high proportion of the units sold were the cheaper Smart Adds enabled devices, and that the vast majority of the revenue came from hardware sales, rather than software and accessories.