Nintendo Reports Net Loss of $623.4 Million

Nintendo reported a net loss of ¥48.3 billion ($623.4 million) for the nine month period that ended December 2011, with a full-year loss of ¥65 billion ($840 million) expected. This compares to a profit of ¥49.5 billion ($638.8 million) for the same period during the 2011 fiscal year. Part of that loss is being attributed to the strength of the Yen against other currency. Manufacturing costs and other expenses related to the Wii U also cut into profits.

Net sales for the nine-month period were ¥556.1 billion ($7.1 billion), down from ¥807.9 billion ($10.4 billion) during the same fiscal period a year ago. Sales were hurt by slow 3DS sales, which picked up later in the year due to a price cut.

Around 11.43 million 3DS units were sold, with worldwide lifetime sales reaching 15 million. Software sales for the 3DS were 28.04 million, helped by strong titles such as Super Mario 3D Land and Mario Kart 7 – both sold over a million units each.

Around 4.64 million Nintendo DS systems were sold during the first three-quarters, with 51.2 million games sold worldwide. The Wii sold 8.96 million units and Wii software reached 89.06 million units with the help of titles like The Legend of Zelda: Skyward Sword.

For the full year, Nintendo estimates 10 million Wii units to be sold – down from a previous estimate of 12 million. 3DS sales estimates for the full year have been revised to 14 million – down from 16 million.

Source: IndustryGamers

Tweet about this on TwitterShare on FacebookShare on Google+Share on RedditEmail this to someone

Comments are closed.