Nintendo has offered its quarterly results this morning, with the Kyoto-based games giant reporting a significant dip in both sales and profits.
A massive 78.5% decline in operating profit was disclosed, though Nintendo maintains it will achieve its projected year-end result of a 3.1% increase, in spite of ongoing and costly DS online infrastructure investment and Revolution development.
Nintendo also reported a decline in general sales of 14%. Reuters reports that, “Consolidated operating profit for the April-June first quarter fell to 3.75 billion yen ($33.35 million) from 17.47 billion yen a year earlier. Net profit fell to 14.12 billion yen ($125.6 million) from 22.64 billion a year earlier. Last year's results were boosted by strong demand for Game Boy Advance software and GameCube consoles.”
However, good news is here to soften the blow. Nintendogs will be released for the DS in Europe on October 7. The men of SPOnG urge you to buy it and show it to girls!
A massive 78.5% decline in operating profit was disclosed, though Nintendo maintains it will achieve its projected year-end result of a 3.1% increase, in spite of ongoing and costly DS online infrastructure investment and Revolution development.
Nintendo also reported a decline in general sales of 14%. Reuters reports that, “Consolidated operating profit for the April-June first quarter fell to 3.75 billion yen ($33.35 million) from 17.47 billion yen a year earlier. Net profit fell to 14.12 billion yen ($125.6 million) from 22.64 billion a year earlier. Last year's results were boosted by strong demand for Game Boy Advance software and GameCube consoles.”
However, good news is here to soften the blow. Nintendogs will be released for the DS in Europe on October 7. The men of SPOnG urge you to buy it and show it to girls!
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Comments
Ditto 29 Jul 2005 11:20
1/7
I don't suppose these results are too bad considering the decline of the Gamecube and GBA, as well as the increased competition from Sony in the handheld market.
However, the pressure will now be on for Nintendo to ensure the Revolution helps it restore home console market share and profits.
However, the pressure will now be on for Nintendo to ensure the Revolution helps it restore home console market share and profits.
ozfunghi 29 Jul 2005 11:38
2/7
Hmm well,
considering the massive losses Sony took the same period in all or most departments, i guess that's not too bad. At least it's still a profit.
considering the massive losses Sony took the same period in all or most departments, i guess that's not too bad. At least it's still a profit.
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rastafari 29 Jul 2005 12:06
3/7
that's indeed very good if you keep in mind that MS is loosing billion's of dollar's every year with their xbox....
kinigitt 29 Jul 2005 12:30
4/7
rastafari wrote:
that's indeed very good if you keep in mind that MS is loosing billion's of dollar's every year with their xbox....
yes. billions a day. you should be an analyst.
Joji 29 Jul 2005 12:49
5/7
I'm sure Nintendo will recover as I still don't see PSP outselling the DS. GBA Micro couldn't come any sooner since it will help the GBA market. I really think Nintendo should look at dropping the RRP of GBA games now. If they dropped them to £15 each things might pick up.
Obviously with DS game also at £25-30 I can understand people not wanting to spend when GBA games have always been at that price forever.
As for GC or PS2 you never know, some people like a cheap priced console. Many won't be able to afford 360.
Obviously with DS game also at £25-30 I can understand people not wanting to spend when GBA games have always been at that price forever.
As for GC or PS2 you never know, some people like a cheap priced console. Many won't be able to afford 360.
kid_77 29 Jul 2005 12:50
6/7
kinigitt wrote:
analyst.
You missed a "c" in there somewhere.
kinigitt 29 Jul 2005 16:41
7/7
kid_77 wrote:
kinigitt wrote:
analyst.
You missed a "c" in there somewhere.
heh.