As expected Nintendo's
latest set of financials reflect a dour economic environment and could also suggest that the world has enough Wiis for now.
The company says, "Sales and income during this six-month period (to September 2009) were adversely affected by appreciation of the yen and the price cut on 'Wii' hardware."
The facts are that during the period for the company's video games areas net sales "were 548.0 billion yen (34.5% down from the six-month period ended September 2008), operating income was 104.3 billion yen (58.6% down from the same period a year ago), ordinary income was 1106 billion yen (53.4% down from the same period last year) and net income was 69.4 billion yen (52.0% down from the same period last year)..."
In terms of hardware, the DS range sold 11.7 million units worldwide in the six months to September, compared to 13.7 million in the same period last year. The Wii sold 5.75 million worldwide in the period this year compared to 10.10 million last year.