Today was "show us what you've got" day for some Japanese corporations. First up was Sony. Then it was Nintendo's turn to display its numbers.
Unsurprisingly 2008 was a good year for the Wii and DS maker. However, due to the same Yen to US dollar issues that belaboured Sony, Nintendo is cutting its profits forecast for 2009. The company pointed out, in fact, that it had been "adversely impacted by a large exchange loss due to the sharp appreciation of the yen."
Although the company had a good third quarter (October to December 2008), the three financial quarters of 2008 actually saw net income (¥212.52bn - £1.6bn) down on the same period in 2007 (¥258.9bn - £2.02bn - with the yen vs US dollar issue being the main cause.
In terms of actual gaming devices - well, Nintendo's declared its lifetime figures for Wii (44.96 million units worldwide) and the DS in its various forms has sold 96 million worldwide.
While exchange rates have affected the projected earnings for this year (downwards), the company has also jiggled the number of consoles it expects to sell. The Wii projections have dropped from 27.5 million to 26.5; the DS has risen from 30.5 to 31.5 million expected global sales.
Unsurprisingly 2008 was a good year for the Wii and DS maker. However, due to the same Yen to US dollar issues that belaboured Sony, Nintendo is cutting its profits forecast for 2009. The company pointed out, in fact, that it had been "adversely impacted by a large exchange loss due to the sharp appreciation of the yen."
Although the company had a good third quarter (October to December 2008), the three financial quarters of 2008 actually saw net income (¥212.52bn - £1.6bn) down on the same period in 2007 (¥258.9bn - £2.02bn - with the yen vs US dollar issue being the main cause.
In terms of actual gaming devices - well, Nintendo's declared its lifetime figures for Wii (44.96 million units worldwide) and the DS in its various forms has sold 96 million worldwide.
While exchange rates have affected the projected earnings for this year (downwards), the company has also jiggled the number of consoles it expects to sell. The Wii projections have dropped from 27.5 million to 26.5; the DS has risen from 30.5 to 31.5 million expected global sales.
Companies:
Nintendo
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