Quantcast
Nintendo posts huge loss in first quarter - Destructoid

DestructoidJapanatorTomopopFlixist



Nintendo posts huge loss in first quarter


5:00 AM on 07.28.2011
Nintendo posts huge loss in first quarter photo



Nintendo has released their quarterly financial results for the three months ending in June 2011 and it is not pretty. Net sales are down fifty percent from the same period last year, totaling just under 94 billion yen and the company operated at a loss of 25.5 billion yen. Factors which contributed to the disappointing showing include marketing for the 3DS and the strength of the yen over the dollar but it's really all about lackluster sales.

Painting a clear picture as to the reasons for today's price drop, Nintendo 3DS sales were bleak at 710,000 hardware units. Seeing as the console launched in North America and Europe merely a week prior to the start of the quarter, that's a pretty rough number, and Nintendo acknowledges a lack of hit titles as a contributing factor with only 4.53 million software units sold. Other DS hardware collectively sold 1.44 million units and Nintendo is attributing 1.56 million Wii units to the price drop and bundling of Mario Kart Wii back in May.






Comments not appearing? Anti-virus apps like Avast or some browser extensions can cause this.
Easy fix: Add   [*].disqus.com   to your software's white list. Tada! Happy comments time again.

Did you know? You can now get daily or weekly email notifications when humans reply to your comments.








Win your choice of console from Destructoid! in Destructoid's Hangs on LockerDome

Industry Bull

2:45 PM on 07.25.2014
Crytek insists it's okay, has secured capital amid allegations of trouble paying staff

A lot of sources have come forth to talk about Crytek studios bleeding staff, cancelling games (including a sequel to Xbox One exclusive Ryse), and struggling to pay staff. Crytek finally issued a statement to ...more



3:00 PM on 07.23.2014
Anticipation Simulator 2015 pushed back to 2016

Most of us were looking forward to the release of Anticipation Simulator 2015 next fall, so it comes as quite a letdown to hear it's been delayed. This morning, Logjam Studios sent out a rather longwinded press...more



9:00 AM on 07.23.2014
Well, I won't be playing as Red Hood or Harley in Batman: Arkham Knight

GameStop teased an announcement that seems to have come out: a GameStop exclusive Red Hood story pack for the upcoming Batman game. Harley, we already knew, is a pre-order incentive at most major retailers. There's ...more



View all Industry Bull






Back to Top




All content is yours to recycle through our Creative Commons License permitting non-commercial sharing requiring attribution. Our communities are obsessed with videoGames, movies, anime, and toys.

Living the dream since March 16, 2006

Advertising on destructoid is available: Please contact them to learn more