Nintendo experiences troubled times, operating profit down 23 percent

Discussion in 'Nintendo Gaming News' started by Zeus, Jan 28, 2010.

By Zeus on Jan 28, 2010 at 8:05 AM
  1. 11,051
    0
    0
    Zeus

    Zeus Staff Member MaxConsole News Team

    Joined:
    May 29, 2003
    Location:
    Athens
    Home Page:
    Nintendo's rough time looks to be continuing as it was announced that it has suffered its FOURTH consecutive drop in operating profits (due to Wii price cut). Operating profit for the company fell a massive 23 percent from a year earlier.

    <blockquote>
    Nintendo Co., the world’s largest maker of video-game players, reported its fourth consecutive drop in operating profit after a price cut for the company’s flagship Wii console squeezed margins.

    Operating profit fell 23 percent from a year earlier to 192.3 billion yen ($2.1 billion) in the three months ended Dec. 31, based on nine-month results reported by the Kyoto-based company today. Net income rose 82 percent to 123.1 billion yen because of currency-related gains. </blockquote>

    News Source: <A href="http://www.bloomberg.com/apps/news?pid=20601080&sid=aSalukUq51iM" target="_Blank">Bloomberg</a>
     

Comments

Discussion in 'Nintendo Gaming News' started by Zeus, Jan 28, 2010.

    1. 673
      0
      0
      put4558350

      put4558350 Loyal Member

      Joined:
      Jul 18, 2006
      well at less it's not in red
       
    2. 174
      0
      0
      frankmax

      frankmax Loyal Member

      Joined:
      Jul 10, 2006
      Location:
      UK/ITA
      little surprises to me. face it wii sales are going to just dropo and drop and less 3rd parties are going to support it less and less. A bit of de ja vu....
       
    3. 469
      0
      0
      picopir8

      picopir8 Loyal Member

      Joined:
      Mar 31, 2007
      Hmm, they dropped the price of the wii by 25%, and thier first party offerings have been pretty slim as of late (NSMB is the only game I can think of in recent months). Not to mention, everyone and their grandmother already has a Wii, so yes I would expect profits to go down. Considering how high they were above the competition though, nintendo is still sitting is a very comfortable spot.
       
    4. 26,565
      169
      63
      Xenogears V

      Xenogears V Senior Helper Staff Member Clean-Up Crew

      Joined:
      Dec 28, 2006
      Location:
      Italy Rulez! - Proud To Italian
      Around the world there are pver 70M of consoles...marcket is saturated for Wii..Is there are 10 people, and of these, 7 have Wii, is very hard that other remaining persons will buy the wii.
       

Share This Page