The numbers are painted red for Nintendo for the first time in seven years.
http://www.nintendoworldreport.com/news/24366
Nintendo posted a loss of 2.01 billion yen (approximately $2,470,000) for the April through September 2010 period, citing the strength of the yen as the primary factor.
Nintendo relies on foreign sales for more than 80 percent of its business, and thus as the value of the yen rises, the value of the overseas sales falls. The same period in 2009 resulted in a 69.49 billion profit for Nintendo. This is the first time in seven years that Nintendo has posted an interim net loss.
Slower sales have also contributed to the loss. In the first half of 2009, Nintendo sold 11.7 million DS units, however in 2010, that number fell to 6.69 million. Sales of the Wii fell from 5.75 million to 4.97 million. Software sales for Wii and DS fell a combined 37 percent from the same period a year ago.
Nintendo still expects to make a profit in the 2010 fiscal year, with a projected net profit of 90 billion yen.
I'm starting to wonder if there will be any Wii games in 2011
This. Methinks Nintendo has started to not ignore the third party problem the Wii has and started work on WiiHD/3D/Too/Whatever it will be named. But this also means delays, and we all know what happened to Twilight Princess.QuoteI'm starting to wonder if there will be any Wii games in 2011
Well, here's the answer.
Goodbye old friend :'(
I was reading up on this a little earlier, and I don't really understand how it all works, but was it really a loss that Nintendo posted or was it a dip in profits compared to this quarter last year.
because my extremely limited understanding of the situation was that they just didn't make as much money as last year and that had to do with the fluctuations in the value of the Yen which were mostly accounted for in last quarters report.
It's a net loss, but it's only for the first half of the year -- they still expect a profit for the whole year, which doesn't end until March, and should get it with all of the big games they have stacked up.
It's a net loss, but it's only for the first half of the year -- they still expect a profit for the whole year, which doesn't end until March, and should get it with all of the big games they have stacked up.So more expense than income which is probably also related to 3DS production/manufacture?
It's a net loss, but it's only for the first half of the year -- they still expect a profit for the whole year, which doesn't end until March, and should get it with all of the big games they have stacked up.So more expense than income which is probably also related to 3DS production/manufacture?
But, I was also just looking at the Q2 report in the sales thread: http://www.nintendoworldreport.com/forums/index.php?topic=18481.msg640993#msg640993 (http://www.nintendoworldreport.com/forums/index.php?topic=18481.msg640993#msg640993)
and damn Nintendo is in TROUBLE. I know this was mentioned in the news story, but it looks so much worse when you compare it to yearly averages.
DS hardware sales went from a 28million a year average over the last 4 years down to less than 7 million for the 1st half
DS software sales went from a 164million per year avg. over the last 4 years down to less than 55 million for the 1st half
Wii hardware sales went from a 22million per year avg over the last 3 years down to less than 5 million for the 1st half
Wii software sales went from a 172million per year avg over the last 3 years down to about 65 million for the 1st half
So Nintendo needs a miracle to make up the difference in the 3rd and/or 4th quarter on average, because sales are waaaaaay down this year.
I'm not sure what they can do to reverse this trend with 3DS not coming out till next year and Xbox and Sony both gaining traction in sales moving into the holiday season. Price drops don't really work in the long term, hardware is kinda saturated and 3DS is looming over the horizon. So what can Nintendo do to combat this huge drop in sales? what games do they have that are really gonna sell by the boat load and push hardware out the door too?
So even though it's interesting news, it's hardly something to get your Princess Peach panties in a bunch over.Nintendo is a company and companies lose money. No big deal. Except for one thing: this is Nintendo, and whenever something like this is reported, Nintendo haters get their (insert female character here) panties wet because it means Nintendo is suffering. Which they are not. An example of a game company suffering is Sega during the Saturn days at the hand of Playstation, N64 and Burnie Stoler's massive retardism. That is suffering.
Nintendo has made such ridiculous money this generation from both the Wii and the NDS that even with this loss they're still rolling in massive dough, and that dough could keep them afloat for a few more generations of failed systems if it came to that... but I think the next Nintendo consoles will be successful as well. Will they be as successful as the ones of this generation or will Nintendo's market share recede? Only time will tell, but either way the massive money they've made these last 5 years is going to make sure Nintendo won't go the way of Sega anytime soon.Iwata and/or Miyamoto wouldn't let Nintendo become like Sega, EVER. Sega lost their **** because of their fucktarded intercompany policies during the Genesis and Saturn days (seriously, go to X-Cult and read the pages for Sonic X-Treme and the Genesis titles,). They were so damaged that the Dreamcast, while a great system, floundered because of that and the PS2 release.
"The holidays are more important to Nintendo than to other manufacturers," said Fils-Aime at the BMO Capital Markets Annual Digital Entertainment Conference in New York on Thursday, as listened to by Gamasutra.
"We have a distinct edge when it comes to gift-giving, and it's no doubt because of the familiarity and recognition of both our brand and key franchises," he said.
Fils-Aime said that nearly half of all Nintendo hardware sales for last year came in the last two months of 2009. "For everyone else that number was just over 40 percent," he added.
"The disparity on the software side is even greater," Fils-Aime continued. "For Nintendo platforms, 44 percent of all game sales came during November and December. For the rest of the industry, that number was only 33 percent."
Fils-Aime said he expects "the same kind of advantage here at the end of 2010" thanks to key holiday releases like Donkey Kong Country Returns and Disney Epic Mickey on Wii, and Golden Sun on DS.
