Nintendo Q1 Figures- £184m Loss

Posted By | On 29th, Jul. 2010 Under Uncategorized

Nintendo has just reported a loss of 25.2 million yen (£184m) for it’s first financial quarter of the year ended June 31st, as opposed to a profit of 42.3 million yen last year.

Sales have declined 25.6 percent in Q1 2010 to only 188.6 billion yen (£1.4b). Operating income has fallen 42.2 per cent to 23.3 billion yen (£171m). All of this was revealed by Nintendo.

“Appreciation of the yen and the lowering of the price of Nintendo DS hardware in Japan and Europe adversely impacted net sales and operating income,” Nintendo said.

The Wii sales in the first quarter are now at 3.04 million units, as opposed to last year’s 2.23 million units. The software sales, though, have declined from 31.07 million copies to 28.17 million.

Super Maro Galaxy 2 sold 4.09 million units in a three months period.

As opposed to 5.97 million last year, the DS sales have fallen to 3.15 million, and software sales for Nintendo’s handheld have fallen from 29.09 million units to 22.42 million units.

Pokemon HeartGold/SoulSilver and Tomodachi Collection “sold well,” says Nintendo, but very few newly released titles have “contributed to driving hardware sales.”

In spite of the loss they have suffered in the first financial quarter of 2010, Nintendo still expect to make a full year profit of 200 billion yen and operating profit of 320 billion yen.


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