Sion Can Breath Easy....Nintendo Has Profitable Year
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themadlionsfan
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Nintendo Financials Show a Tough But Profitable Year
Nintendo returns to profitability, but stalled Wii U sales are the biggest contributor to the company's failure to hit targets.
by Keza MacDonald APRIL 24, 2013
Nintendo's results for the past financial year were released this morning, showing that Nintendo has returned to profit after last year's historic first-ever loss.
The net profit was just over 7 billion yen, equivalent to $71,350,918 - not much by Nintendo's standards. Nintendo made an operating loss of 36,410 million yen - that's $365.5 million, despite that return to profitability in terms of net and ordinary income. That means Nintendo didn't make money in day-to-day operations - much of the profit can be attributed to favourable changes in the currency markets and the firm's investments as opposed to sales of Nintendo products. Last financial year the company posted a loss of $530m.
The results show a tough year for the firm despite that recovery, revealing continuing slow sales for the Wii U. Having sold a respectable 3.06 million units worldwide from launch until last December, it seems the console's sales have completely stalled. The total figure now stands at 3.45 million - that means the Wii U has managed to sell only 390,000 units in the entire world between January and March. Back in January, Nintendo revised its sales estimates down to 4 million for the financial year, but the console has failed to achieve that.
The Wii continues to outsell the Wii U, though it should be noted that this is not unprecedented for a console early in its life cycle. Elsewhere, the 3DS sold 13.95 million units over the course of the year. Despite becoming the "leading platform" in Japan, Nintendo felt the 3DS had "not generated sufficient sales momentum", even with the release of big games like Super Mario 3D Land and Mario Kart 7.
Nintendo remains optimistic about the next financial year, forecasting an operating profit of 100,000 million yen thanks to new Pokemon, Zelda, Mario Kart and Wii Fit titles that are on the way to Nintendo platforms
Nintendo returns to profitability, but stalled Wii U sales are the biggest contributor to the company's failure to hit targets.
by Keza MacDonald APRIL 24, 2013
Nintendo's results for the past financial year were released this morning, showing that Nintendo has returned to profit after last year's historic first-ever loss.
The net profit was just over 7 billion yen, equivalent to $71,350,918 - not much by Nintendo's standards. Nintendo made an operating loss of 36,410 million yen - that's $365.5 million, despite that return to profitability in terms of net and ordinary income. That means Nintendo didn't make money in day-to-day operations - much of the profit can be attributed to favourable changes in the currency markets and the firm's investments as opposed to sales of Nintendo products. Last financial year the company posted a loss of $530m.
The results show a tough year for the firm despite that recovery, revealing continuing slow sales for the Wii U. Having sold a respectable 3.06 million units worldwide from launch until last December, it seems the console's sales have completely stalled. The total figure now stands at 3.45 million - that means the Wii U has managed to sell only 390,000 units in the entire world between January and March. Back in January, Nintendo revised its sales estimates down to 4 million for the financial year, but the console has failed to achieve that.
The Wii continues to outsell the Wii U, though it should be noted that this is not unprecedented for a console early in its life cycle. Elsewhere, the 3DS sold 13.95 million units over the course of the year. Despite becoming the "leading platform" in Japan, Nintendo felt the 3DS had "not generated sufficient sales momentum", even with the release of big games like Super Mario 3D Land and Mario Kart 7.
Nintendo remains optimistic about the next financial year, forecasting an operating profit of 100,000 million yen thanks to new Pokemon, Zelda, Mario Kart and Wii Fit titles that are on the way to Nintendo platforms
Comments
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And they didnt have to morgage their headquarters to do it.
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I haven't bought a nintendo product in a long time probably since the wii dropped.....I'ma buy a used DS for my son
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Is it too late to buy stock in Nintendo?
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nintendo will be fine, its still early as hell in the wii u life cycle and we're in the middle of whats traditionally a dead period for game releases anyway. end of summer, going into the fall ? will pick up like it always does
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Same thing happened with the N64 and GC but they will stay afloat because of their fanboys.nintendo will be fine, its still early as hell in the wii u life cycle and we're in the middle of whats traditionally a dead period for game releases anyway. end of summer, going into the fall ? will pick up like it always does
http://www.youtube.com/watch?v=tBOXxR5PHP8
