Financial results for gaming powerhouse Nintendo have been released for the first nine months of the year. Truth is, they are not looking too great.
The results show that net income had decreased 74.3% to ¥49,557 million (approximately $603 million) compared to last year's ¥192,601 (approximately $2.3 billion). One of the main reasons provided for the change was "due to exchange losses totalling ¥84.4 billion primarily caused by re-evaulation of assets in foreign currencies."
Revenues have fallen 31.7% from ¥1,182,177 million ($14.4 billion) in 2009 to ¥807,990 million ($9.8 billion) for the period ending December 31st 2010. Revenues broken down by territory see the US contributing 46.8% of sales, Europe adding 31.8% of sales and Japan contributing 16% of overall software and hardware sales for the period.
Worldwide sales to date of the DS totalled 98.99m units and Wii sales come to 150.54m units to date. Software sales for the period of April-December 2010 totalled 98.9m for the DS and 150.5m for the Wii.
Hardware sales for complete financial year stand at 16m units for the Wii (down 1.5m units) and 18.5m units for the DS (down 1m units). Forecasted sales for the 3DS within its first month of sale are estimated at 4m units.
Surprised at Nintendo experiencing losses in the current financial climate? Any thoughts, feel free to post them in the Comments section below.
Source: GamesIndustryBiz
The results show that net income had decreased 74.3% to ¥49,557 million (approximately $603 million) compared to last year's ¥192,601 (approximately $2.3 billion). One of the main reasons provided for the change was "due to exchange losses totalling ¥84.4 billion primarily caused by re-evaulation of assets in foreign currencies."
Revenues have fallen 31.7% from ¥1,182,177 million ($14.4 billion) in 2009 to ¥807,990 million ($9.8 billion) for the period ending December 31st 2010. Revenues broken down by territory see the US contributing 46.8% of sales, Europe adding 31.8% of sales and Japan contributing 16% of overall software and hardware sales for the period.
Worldwide sales to date of the DS totalled 98.99m units and Wii sales come to 150.54m units to date. Software sales for the period of April-December 2010 totalled 98.9m for the DS and 150.5m for the Wii.
Hardware sales for complete financial year stand at 16m units for the Wii (down 1.5m units) and 18.5m units for the DS (down 1m units). Forecasted sales for the 3DS within its first month of sale are estimated at 4m units.
Surprised at Nintendo experiencing losses in the current financial climate? Any thoughts, feel free to post them in the Comments section below.
Source: GamesIndustryBiz
Companies:
Nintendo
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