the Wii console hit the market Nintendo has been dominating sales for
hardware and traditionally does very well on software sales as well.
Nintendo has been hit hard by different factors over the last year
that has lead the company to some disappointing earnings
Street Journal reports
that Nintendo has posted
a significant loss for the quarter than spans April to
September. The loss amounted to $24.7 million or 2.01 billion yen.
During the same quarter last year, Nintendo posted a profit of 69.4
billion yen. The operating profit for the company slumped 48% to
54.23 billion yen from 104.36 billion in 2009.A few causes
conspired to drive Nintendo to its fist interim net loss in seven
years. The down economy in the U.S. and other foreign markets was one
contributing factor. Perhaps the larger contributing factor is the
strength of the Yen right now. Nintendo reportedly has large cash
deposits and other assets in foreign countries. When those assets and
deposits are converted to yen for the net figures, Nintendo takes a
significant hit due to the strength of the yen and weak currency
abroad.The WSJ points
out that the net loss will only be a real loss if Nintendo decided to
convert those foreign deposits and assets into yen, which is has no
reported plans to do. Nintendo has 62.1 billion yen in foreign assets
and deposits that contributed to the net loss. Nintendo can’t blame
all of its loses and weak sales on the economy and the strong Yen.
Many consumers are not buying the existing DS portable consoles with
the 3DS on the horizon and the Wii has lost some of its luster with
sales dropping for the console.During the quarter, Nintendo
reportedly sold 6.69 million DS portable consoles for a decline of
43% compared to the same quarter of the previous year. Sales of Wii
consoles slumped 14% to 4.97 million units compared to 5.75 million
Wii's sold the same time in 2009. The Wii has sold
30 million units in the U.S. since it debuted.
sales are also declining with a 14% decrease to 65.21 million
software units sold.
has revised its estimates for yearly figures and expects a net profit
of 90 billion yen with an operating profit of 210 billion yen for the
quote: Part 1) Empty room - easy to find/create
quote: quarter than spans April to September
quote: The control system of Stargate expands on that of the Defender arcade game. It has a joystick to move up and down, a 'Reverse' button to toggle the player's horizontal direction, and a 'Thrust' button to move in that direction. There is also a Fire button for shooting, a button to activate a smart bomb, a button to turn on the Inviso cloaking device, and a hyperspace button which teleports the player to a random position in the level, at a risk of either exploding upon rematerialization, or materializing onto an enemy or enemy projectile.
quote: The down economy in the U.S. and other foreign markets was one contributing factor
quote: A Wii HD with might kickstart things. They need to do it now while they are sitting on a pile of cash, though, instead of fading away like they did in years past.