Schappert: EA has benefited from 40% yoy growth in PS3 software

EA CEO John Riccitiello mentioned during the company's call to investors last night that software sales for the high-definition console market were up 14 percent to $1.1 billion year-on-year.

According to estimates from EA, software sales have grown 21 percent in 2010 so far this year, compared to the same time frame in 2009.

"This [growth] is driven by the Sony PS3, which is up sharply on its attractive price point," said Riccitiello.

"Microsoft is also starting to gain traction with its new enhanced Xbox 360 form factor. This trend plays into our strength given our share position on high-definition consoles."

EA CFO John Schappert added PS3 software sales had grown 40 percent year-on-year, which was a direct benefit to EA, as it was now "the leading third-party publisher on the platform".

Last night, EA posted a profit of $96 million in Q1 FY11 compared to the $234 million loss for the same quarter in FY10.

Via CVG.