Topic: Nintendo Releases Q1/Q2 Financials

[WindyMan]

Nintendo will soon be worth one trillion dollars yen, thanks to the money-printing Nintendo DS.

Nintendo of Japan released its financial statement for the six-month period that makes of the first half of the company's fiscal year.  As if you needed this news report to tell you, Nintendo is selling a lot of hardware and making a lot of money.    

In the past half-year, over 10 million Nintendo DS systems have found their way into the hands of consumers.  All but 2 million of those are of the DS Lite variety.  Breaking it down by region, 4.6 million units were sold in Japan, 2.4 million were sold in the Americas, and around 3.1 million were distributed to "other" territories.  Thus far, Nintendo has sold more than 26.8 million DS handhelds worldwide.    

All of those sales are generating big bucks.  In the past six months, Nintendo is reporting gross worldwide sales of 298.8 billion yen ($2.52 billion) up 69.4% from the same period last year.  From that, Nintendo took 54.3 billion yen ($458.7 million) in profit, and added it to their assets coffer, which now stands at a mind-boggling 989.3 billion yen ($8.36 billion).    

Looking ahead, Nintendo is about halfway to its stated goal of having 20 million DS systems distributed this year (which for Nintendo, ends in March).  They are also still confident of meeting their Wii shipment targets of 6 million hardware units and 17 million software units (which does not include the WiiSports pack-in) by the end of the four month launch window.    

For reference, Nintendo also included hardware figures for the GBA and GameCube.  Life-to-date, nearly 76.8 million Game Boy Advance handhelds have shipped across the world, compared to only 21.2 million GameCubes.

[Acefondu]

Wow, 21 million Gamecubes? That's actually more than I thought. I wonder if the GBA is the highest selling systems of all time ever. Anyone know? Those numbers are ridiculous.

[King of Twitch]

I think the old Gameboy sold over 100 mill; if GBA had a few more years it could've easily overtaken that.

[Ceric]

69.4% over last year.  Thats outstanding for any company.  Nintendo, if memory serves,  did do terrible during that period last year.  I think they made a profit so thats great.

[IceCold]

27 million DSes in under two years, with the holiday season not even here yet? $8.36 billion US coffer? Nintendo, you make me sick..

[Smash_Brother]

The "it prints money" gif doesn't even cover it anymore.

They need to show Shiggy and Iwata each living in palaces made from bricks of cash to properly portray what Nintendo is raking in.

In any case, this money will ensure that the Wii has a hugenormouberidiculoungodly pile of money for its advertising budget.

No stopping Nintendo now...

[Ceric]

I'm glad to see that ~18% of the profit is going to the "coffer."  Good to know that success isn't making them less cautious.  The GBNext is going to be their next outing and we'll see how that goes for them.  

[stevey]

Swimming in money  

[Crimm]

IT MINTS BULLION!  

[WindyMan]

Quote
Originally posted by: Acefondu
Wow, 21 million Gamecubes? That's actually more than I thought. I wonder if the GBA is the highest selling systems of all time ever. Anyone know? Those numbers are ridiculous.

The PS2 is nearing 120 million worldwide.

[Shift Key]

lawl 2002 predictions (http://news.bbc.co.uk/1/hi/technology/2373399.stm)
Playstation 2: 118.2 million
GameCube: 54.1 million
Xbox: 43.8 million

Sept 2006 Shipped - http://forum.pcvsconsole.com/viewthread.php?tid=8498&page=3
PS2 - 111.25 million
Xbox - 24.5 to 24.6 million (unofficially estimated)
GameCube - 21.2 million
Xbox 360 - 6 million
Game Boy Advance - 76.79 million
Nintendo DS - 26.82 million
PSP - 22.94 million

And side note: Game Boy sold 118 million consoles during its lifespan. That doens't include the Color, Advance, or other derivatives.

http://www.gametunnel.com/articles.php?id=263

[TJ Spyke]

1)The 100+ plus for Game Boy combines the Game Boy/Game Boy Pocket/Game Boy Color together
2)The PS2 has SHIPPED about 112 million, whereas the GB/GBC SOLD aboout 100 million. Sony always reports shipped amounts, like how they have shipped about 21 million PSPs but have only sold about 12 million.

[UniversalJuan]

Quote
Originally posted by: WindyMan

Quote
Originally posted by: Acefondu
Wow, 21 million Gamecubes? That's actually more than I thought. I wonder if the GBA is the highest selling systems of all time ever. Anyone know? Those numbers are ridiculous.

The PS2 is nearing 120 million shipped worldwide.

Fixed

[KnowsNothing]

That's still a shitload of systems.

[WindyMan]

To Sony, shipped == sold.  They wouldn't be shipping out the consoles if retailers weren't buying them.

Sony will probably reach 120 million PS2s sold by the time the system goes away for good.

[TJ Spyke]

I wonder how many that number would be if so many people didn't have to buy a 2nd/3rd/4th system after their original PS2 broke down.

[WindyMan]

Quote
Originally posted by: nintendogamecube86
I wonder how many that number would be if so many people didn't have to buy a 2nd/3rd/4th system after their original PS2 broke down.

An insignificant amount.

[Nick DiMola]

I had no idea so many PS2s were sold. I mean I knew it was alot but 120 million!?!? Even if the PS3 is a success there is no way Sony could put numbers up on the board that'll look that good at the end of this next generation. Kudos to Sony for really doing a phenomenal job on the PS2. Not totally my cup of tea but you do have to have some respect for shipping such an extraordinary amount of systems and games.

[Terranigma Freak]

Nintendo is DOOMED I TELL YOU, DOOMED!!!!

Quote
Originally Posted by MSNBC
TOKYO - Sony's profit plunged 94 percent for the July-September quarter as a global battery recall and red ink in its video-game business hurt the Japanese electronics and entertainment company.

Sony Corp.'s group net profit for the fiscal second quarter totaled 1.7 billion yen ($14 million), dwindling from 28.5 billion yen the same period the previous year, the Tokyo-based manufacturer said Thursday.
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An extra cost of 51 billion yen ($429 million) related to a global recall of 9.6 million Sony laptop batteries was a major factor behind the sharp drop in profit.

Almost every major laptop maker in the world, including Dell Inc., Apple Computer Inc. and Lenovo, has announced recalls of Sony lithium-ion batteries that could overheat and burst into flames.

The recall _ which has tarnished Sony's brand image as a longtime maker of icon products such as the Walkman portable player and PlayStation video game machine _ offset the lift Sony's books got from an 8 percent rise in July-September sales to 1.85 trillion yen ($15.6 billion) from 1.7 trillion yen a year earlier.

Sony reported a 43.5 billion yen ($366 million) operating loss in its gaming division because of charges related to the preparation for the next-generation PlayStation 3 console, set to go on sale in the U.S. and Japan next month.

Sony said last month the machine's launch in Europe will be delayed until March next year because of mass production problems in a video technology called Blu-ray disk that the machine supports.

The company has also reduced the price in Japan for the much hyped PS3 by about 20 percent in an effort to win buyers _ a move that's likely to reduce sales revenue because initial shipments are expected to be limited and sell out.

Sony kept unchanged Thursday its plan to ship 6 million PS3 machines in the fiscal year through March 2007. Research and development costs for the PS3 eroded profitability in the game unit, the company said in a statement.

Sony trimmed its fiscal 2006 shipment target for its lagging PlayStation Portable handheld machines to 9 million from the initial 12 million machines. Sony shipped 14 million PSP machines in fiscal 2005.

In contrast, Japanese rival Nintendo Co. is scoring success with its DS handheld machine. The maker of Pokemon and Super Mario games said Thursday that its group net profit for the first fiscal half soared nearly 50 percent.

In the core electronics segment, Sony's operating profit for the three months ended Sept. 30, shrank 71 percent to 8 billion yen ($67 million) from 28 billion yen a year earlier.

Sony has been trying to turn around its electronics business after getting beaten by rivals on key products such as Apple's iPod and liquid crystal display TVs from Sharp Corp. and Samsung Electronics Co.

The revival effort is being led by American Chief Executive Howard Stringer, the first foreigner to head Sony, but questions are already publicly being raised here about the management team of Stringer and Ryoji Chubachi, an electronics expert, following the battery troubles and production delays.

The charge for the battery recall hurt earnings in electronics, despite strong sales of Bravia flat-panel TVs and Cyber-shot digital cameras, Sony said. The absence of last year's gain from a pension fund reimbursement in Japan also contributed to the operating profit decline in that sector, it said.

Such stumbles forced Sony to revise last week its forecast for the fiscal year through March 2007, to 80 billion yen ($673 million), down 38 percent from its initial projection and down 35 percent from fiscal 2005.

It's expecting 8.23 trillion yen ($69 billion) in fiscal 2006 sales, up 10 percent from the previous year.

Chief Financial Officer Nobuyuki Oneda said Sony's liquid crystal display television business, which has been working to reduce losses, is expected to post a profit in the October-December quarter.

Sony's movie business also fared poorly, seeing its operating loss grow to 15.3 billion yen ($129 million) partly on flops such as "Zoom" and "All the King's Men," it said. Faring better were "Talladega Nights: The Ballad of Ricky Bobby," "Monster House" and "Click."

Sony has a music business, but it combined its recorded music business outside of Japan with Bertelsmann AG and the results are not part of Sony's group earnings, except when accounting for Sony's equity.

Best-selling albums included Justin Timberlake's "Future Sex/Love Sounds," Beyonce's "B'Day" and Christina Aguilera's "Back to Basics."

Sony's mobile phone operations are in a joint venture Sony Ericsson, where net income nearly tripled in the quarter, but the results are not part of the consolidated Sony statement.

For the first six months of the fiscal year, Sony posted a 34 billion yen ($286 million) profit, up 60 percent from the same period a year earlier, on 3.6 trillion yen ($30 billion) sales, up nearly 10 percent from the first half of fiscal 2005.

Sony shares, which have lost about 40 percent of their value over the last five years, stood unchanged in Tokyo trading at 4,820 yen ($40). The results were announced after the market closed.
Copyright 2006 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

[Arbok]

Quote
Originally posted by: Terranigma Freak
Copyright 2006 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Better summarize that quick and provide a link...

[Hocotate]

Quote
Originally posted by: WindyMan

Quote
Originally posted by: nintendogamecube86
I wonder how many that number would be if so many people didn't have to buy a 2nd/3rd/4th system after their original PS2 broke down.

An insignificant amount.

/sarcasm? it has to be.

[UncleBob]

So... how much money would Nintendo need to go into Wal*Mart and buy enough GameCubes to put it ahead of the PS2?

[Shift Key]

Quote
Originally posted by: Mr. Jack
Kudos to Sony for really doing a phenomenal job on the PS2. Not totally my cup of tea but you do have to have some respect for shipping such an extraordinary amount of systems and games.

Especially after they shipped over 100 million PS1s...