Square Enix unveils new Luminous Engine demo, PS4 event live

Next up at today's PlayStation 4 event, the same demo that was released earlier was the Luminous Engine demo from Square Enix.

This is not new and is just what most people have already seen, but it is still impressive to watch nonetheless.

Square Enix CEO Yoichi Wada recently said the company is not expecting to see any returns from their console titles anytime soon.

"In HD games, we usually have a mixture of profitable and unprofitable titles, generating profit as a whole.

"As for our Social Gaming & Others [division], we only have very few titles that are unprofitable," Wada said.

Square's profits in the social and mobile sectors of gaming have been clear for all to see as they saw increases in the revenues for both during the last quarter, which many companies have also experienced recently.

Square Enix's success with alternative platforms has financially assisted some of their struggling console titles, which until the recent release of break-out hit "Sleeping Dogs," they have had a difficult time getting out with high reviews.

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Steve Ruygrok has been in the journalism world since 2008. In addition to attending major events for the video games industry, he specializes in features, reviews and interviews. Subscribe for the latest feature he has to share regarding the video games industry. You can follow him on Twitter ...

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