0
Posted October 24, 2012 by Justin Alderman in News
 
 

Nintendo Cuts Forecast On Weaker Than Expected Overseas 3DS Sales

lower than expected 3ds sales fixed
lower than expected 3ds sales fixed

Despite trimming losses year-over-year, Nintendo cut their fiscal year profit forecast based on weaker than expected overseas 3DS sales and the continued strengthening of the Japanese yen.

Nintendo shipped 5.06 million 3DS systems worldwide for the six months ended September 30, 2012 (up from the 3.07 million units shipped during the first half of their prior fiscal year), bringing their total life-to-date shipments up to 22.19 million worldwide.

Wii shipments were reported to be 1.32 million during the same time period (97.18 million LTD), while DS shipments totaled 980K (152.5 million LTD).

As a result of the lower than expected 3DS sales and the winding down of Wii and DS sales, Nintendo posted revenues of ¥201.0 billion ($2.5 billion), down 6.8 percent year-over-year. This led to a net losses of ¥28.0 billion ($350.8 million), compared to a net losses of ¥70.3 billion ($880.7 million) year-over-year.

Looking forward, Nintendo lowered their fiscal year forecast from a net income of ¥20.0 billion ($250.6 million) to ¥6.0 billion ($75.2 million), which would still a huge improvement over the ¥43.0 billion net loss in the prior fiscal year.

Source: Nintendo, (2)


Justin Alderman

 
A gamer since the Intellivision days in the early 80′s, who started writing about and covering the video game industry in 2008. In his spare time he is also a bit of a gun-nut and Star Wars nerd.