Nintendo lowers forecast for hardware and software for this FY; quarterly earnings out

Posted By | On 26th, Jan. 2012 Under News | Follow This Author @KartikMdgl


Nintendo’s quarterly results are out, and there are some interesting things in there. Nintendo posted 556,000 million Yen worth of sales for the first 9 months of this FY, and this is lower than the 807,990 million Yen they posted for the same period last year.

The good news is that the 3DS is past 15 million units worldwide after selling 11.03 millions this FY. Nintendo is now projecting 14 million units instead of 16 million they projected earlier. They have lowered the software projection for the system from 50 million to 38 million.

Nintendo blamed the loss on Wii and 3DS price drops and strong Yen. It isn’t surprising that most of the sales for Nintendo are outside Japan. The losses due to the exchange rate were 53.7 billion Yen.

Meanwhile, the Wii is closing to 100 million units, and sold 8.96 million units this FY with a few months to go. The DS passes 150 million units as well.

Nintendo is expecting to post a 65,000 million Yen this FY. On the bright side, Mario Kart 7 and Super Mario 3D Land both passed 1 million, but the attach ratio for the 3DS remains at 2.5, which is very low.

Complete report with plenty of numbers are available here.

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