Nintendo sees profit in latest data
#1
Posted 29 October 2014 - 11:08 AM
Nintendo surprised investors on Wednesday by revealing a net profit for the July-September quarter.
The corporation has made $132 million in profit for the six months ending in September, marking a significant upward swing from the $91 million loss it announced during the first three months of the period.
Analysts were far off the mark in their projections, with many expecting Nintendo would announce a multi-billion-yen loss for the quarter. The strong performance could be instrumental by April, with Nintendo hoping to bring an end to its four-year run of annual losses.
Responsible for the success in particular was the "extremely strong initial sales" of Super Smash Bros for 3DS, which has shipped 3.2 million units globally already since its mid-September release. In addition, the eccentric life sim Tomodachi Life has sold about 1.3 million units worldwide since its release.
Meanwhile, Wii U hardware sales have more than doubled in the past six months, though that's in comparison to the system's dismal performance during the same period last year.
During the six months to September, Nintendo has sold 1.1 million Wii U consoles worldwide. During the same period last year, it had only sold about 460,000 units.
In terms of software, Nintendo shipped 9.4 million Wii U games. The corporation did not specify further, only adding that Mario Kart 8 and Hyrule Warriors performed "steadily".
However, 3DS hardware sales are down significantly. During the April-September quarter, Nintendo sold about 2 million 3DS systems, compared to the 3.9 million units it sold during the same period last year. In terms of software, Nintendo sold about 233 million 3DS games during the six months, which again represents a decrease from the 273 million it sold during the same half-year period in 2013.
Wii hardware sales sunk further as Nintendo discontinues the console across many territories.
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#2
Posted 29 October 2014 - 02:45 PM
remove the point in 7.2 million and you get 72 million!
BAM! Wii U wins this gen.
- NintendoReport likes this
#3
Posted 29 October 2014 - 04:11 PM
Not too bad for Wii U. Not enough games, not enough sales.
3DS HW really took a hit this past Q and even LTD. I'm guessing this 3rd Q it will sell less than the same quarter last year.
At least Nintendo is selling a good amount of games on 3DS, which is always good. But with HW sales declining and not a whole lot of games announced, things could look bad for 3DS in 2015. NEW 3DS really has to come soon and with a lot of games.
Nintendo posting a profit was good, but would have been better if it wasn't due to coin currency.
#4
Posted 30 October 2014 - 12:45 AM
#5
Posted 30 October 2014 - 12:55 AM
http://www.gamespot....-/1100-6423240/
Nintendo surprised investors on Wednesday by revealing a net profit for the July-September quarter.
The corporation has made $132 million in profit for the six months ending in September, marking a significant upward swing from the $91 million loss it announced during the first three months of the period.
This is misleading. While Nintendo did lose $91 million in the first quarter, the $132 million is for both quarters. This means that this quarter Nintendo made around $223 million dollars, enough to bring their profits for the half $132 million including the $91 million loss.
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