The game company says that the Wii U negatively impacted its financials during the last six months of the year, due mainly to sluggish sales and a price reduction that cut into margins. October 30, 2013 6:07 AM PDT (Credit: Nintendo) Nintendo's Wii U saw sales jump a bit as of late, but it's still proving to be a thorn in the game company's side. During the six-month period ended September 30, Nintendo generated revenue of 196.6 billion yen, down from 201 billion yen during the same period last year. The company was able to post a 600 million yen profit, however, which was far better than the 28 billion yen loss it posted in the prior year. The data Nintendo revealed on Wednesday also highlights a surprisingly fast fall from prominence. During the six-month period ended September 2009, Nintendo generated 548 billion yen in revenue and posted a 69.5 billion yen profit. Related stories Nintendo cracks open door to smartphones, tablets -- sort of Nintendo's Fils-Aime heads out on the road to play Wii U, 3DS Nintendo ups its game with Wii U bundle featuring Mario, Luigi Nintendo adds a splash of color with orange, turquoise 3DS XL Goodnight, sweet Wii, you still own my gaming heart Part of the problem for Nintendo was its Wii U. The company notes in its financials on Wednesday that the "hardware still has a negative impact on Nintendo's profits, owning mainly to its markdown in the United States and Europe." "For 'Wii U,' we attempt to concentrate on proactively releasing key first-party titles towards the coming year in order to regain momentum for the platform," Nintendo said in an attempt to reassure investors. The console's sales figures, however, might cause concern among some investors. Nintendo sold just 460,000 Wii U units worldwide during the six-month period. Nintendo sold 6.3 million Wii U software units. In comparison, Nintendo sold 470,000 Wii units worldwide and 15 million software units. Still, Nintendo believes that things are going to get better. The company today issued its fiscal year forecast, and indicated that sales will jump 45 percent year-over-year to 920 billion yen. Its net income will rise 675 percent to 55 billion yen.
The game company says that the Wii U negatively impacted its financials during the last six months of the year, due mainly to sluggish sales and a price reduction that cut into margins.
Nintendo's Wii U saw sales jump a bit as of late, but it's still proving to be a thorn in the game company's side.
During the six-month period ended September 30, Nintendo generated revenue of 196.6 billion yen, down from 201 billion yen during the same period last year. The company was able to post a 600 million yen profit, however, which was far better than the 28 billion yen loss it posted in the prior year.
The data Nintendo revealed on Wednesday also highlights a surprisingly fast fall from prominence. During the six-month period ended September 2009, Nintendo generated 548 billion yen in revenue and posted a 69.5 billion yen profit.
Related stories
- Nintendo cracks open door to smartphones, tablets -- sort of
- Nintendo's Fils-Aime heads out on the road to play Wii U, 3DS
- Nintendo ups its game with Wii U bundle featuring Mario, Luigi
- Nintendo adds a splash of color with orange, turquoise 3DS XL
- Goodnight, sweet Wii, you still own my gaming heart
Part of the problem for Nintendo was its Wii U. The company notes in its financials on Wednesday that the "hardware still has a negative impact on Nintendo's profits, owning mainly to its markdown in the United States and Europe."
"For 'Wii U,' we attempt to concentrate on proactively releasing key first-party titles towards the coming year in order to regain momentum for the platform," Nintendo said in an attempt to reassure investors.
The console's sales figures, however, might cause concern among some investors. Nintendo sold just 460,000 Wii U units worldwide during the six-month period. Nintendo sold 6.3 million Wii U software units. In comparison, Nintendo sold 470,000 Wii units worldwide and 15 million software units.
Still, Nintendo believes that things are going to get better. The company today issued its fiscal year forecast, and indicated that sales will jump 45 percent year-over-year to 920 billion yen. Its net income will rise 675 percent to 55 billion yen.
