Nintendo reports sliding sales and profits
Thursday, 30 Jul 2009 14:35
Nintendo Wii sales fall
Nintendo reports sliding profits as Nintendo Wii and DS sales decline.
Nintendo has reported significant profit and revenue declines for the first quarter of 2009-10, which ended on June 30th.
Profits fell 60 per cent from 107 billion yen (£678m/$1.12b) to 42.3 billion yen (£270.8m/$445m), with revenue falling by 40 per cent from 423 billion yen (£2.7b/$4.45b) to 253.4 billion yen (£1.62b/$2.7b).
As for hardware sales, the Wii sold 2.23 million during the quarter, down from 5.17 million in the same period last year. The DS sold 5.97 million, down from 6.94 million last year.
Software sales dropped for both video game consoles, with Wii's down from 40.41 million to 31.07 million, and the DS down from 36.59 million to 29.09 million.
The Nintendo Wii's lifetime sales are now at 52.62 million, with the Nintendo DS's at an astounding 107.74 million.
Nintendo attributed its struggles to a weaker software line-up compared to a year earlier, as well as the strength of Japan's Yen.
The company still expects to sell 26 million Wii's and 30 million DS units during the fiscal-year, whilst retaining their previous prediction that operating profit for the year ending March 2010 will fall 12 per cent to 490 billion yen (£3.14b/$5.15b).
Via: Edge-Online