Quantcast


Nintendo's revenue and profits plummet photo

Nintendo's not had a brilliant six months, revealing today that, during the period which ended on September 30, both revenue and profit are down by a significant amount. According to the figures, Nintendo suffered a 35% drop in revenue and a 59% drop in profit. Perhaps it has something to do with the fact that everyone and their grandmother already has a Wii by now.

Revenue was cut from 836.88 billion last year to 548.06 billion yen this year, while profit was down from 252.18 billion yen to 104.36 billion yen. Alongside these numbers, Nintendo's sales forecast has also diminished, with Nintendo expecting to sell 20 million Wiis instead of 26 million, and 180 million games instead of 220 million. Similarly, Nintendo no longer expects to shift 180 million DS software, now estimating 150 million.

Really makes the announcement of the DSi LL a little more clear, doesn't it?








More gaming stories around the web. Got news? Submit yours to tips@destructoid.com

Jim Sterling serves as reviews editor for Destructoid.com, head of the Podtoid podcast, and produces a number of news stories, original features, one-of-a-kind videos. With his passionate argumentative style, controversial opinions, harsh delivery, and dedication to brutal honesty Sterling is a name that you can't help but recognize. Likes PS2, iPod Touch, Silent Hill 2, Metal Gear Solid, Dynasty Warriors 3 Meet the rest of the team



Post a comment! You can also post a photo below:

Comment with Facebook





Click connect and comment instantly!

Comment with Dtoid





New? SIGN UP - it takes 5 seconds

33 comments | showing # 1 to 33
prev next

xavimims's Avatar - Comment posted on 10/29/2009 08:04
xavimims
this have been the best shooped faces that you have done
socialnorms's Avatar - Comment posted on 10/29/2009 08:08
socialnorms
I agree, this makes my morning.
TheGlue29's Avatar - Comment posted on 10/29/2009 08:10
TheGlue29
Fantastic. I look forward to seeing Reggie Fils-Aime's ridiculous horse face on the unemployment line.

If that fugly mofo's hideous grille EVER shows up on my TV again, it'll be too soon.
Secret Cow's Avatar - Comment posted on 10/29/2009 08:13
Secret Cow
That's a pretty big decline from last year, but it's still over a billion dollars in profit. For a company of their size that's still pretty extraordinary.

They probably are looking to the LL to goose hardware sales a little bit. It'll be good to have a new unit on shelves that provides an attractive alternative to the PSP Go.

In light of the global recession and where their hardware is at in its lifecycle, they're still in the catbird seat (whatever that means) printing money and eating pikachus.
Black Nexus's Avatar - Comment posted on 10/29/2009 08:21
Black Nexus
When you have that big a decline and your still pulling in that much money, you got nothing to worry about.


They still print money, just a little less money.but this might be a sign that Nintendo needs a little fresh blood in their franchises.
Everyday Legend's Avatar - Comment posted on 10/29/2009 08:22
Everyday Legend
It has everything to do with the fact that everyone and their grandmother has a Wii by now.
Oncomouse's Avatar - Comment posted on 10/29/2009 08:22
Oncomouse
There are a couple factors here:

- They've seen such mad sales the last couple of years, it couldn't keep up forever. At a certain point, they have to reach saturation.

- Nintendo took a big gamble targeting non-traditional gamers. It's paid off HUGE in the short term. I worry about their long term success however. The mainstream is a fickle and easily distracted bunch. They're not really the demographic to build a business model around. There has to be a significant number of people that bought a Wii for Wii Sports and that's it. Nintendo isn't seeing any more revenue from those people and I don't think many of them would buy a Wii 2.
lastdual's Avatar - Comment posted on 10/29/2009 08:23
lastdual
Nintendo can't rely on hardware forever. They really need to strengthen their software lineup if they want to keep raking in the dough. Then again, maybe Pachter is right and we *will* see that Wii HD sooner rather than later...
Zuriki's Avatar - Comment posted on 10/29/2009 08:29
Zuriki
Finally time to give the hardcore audience what they want?
Hammersmith's Avatar - Comment posted on 10/29/2009 08:38
Hammersmith
What games have come out for the Wii in the past 6 months that are worth a damn. Metroid Trilogy? Sure I bought that, but that was just a sweet collection. They got everyone to buy into the hardware, but are supporting it just as shoddily as they did the gamecube.
bgand's Avatar - Comment posted on 10/29/2009 08:42
bgand
Revenue and profits might be down, but that's only really because they have been so massive by comparison in the past few years.

This will either call for the market revitalizing tactic of hardware revisions (likely) or creating software designed to give its current 'casual' audience a broader and deeper scope of gaming experiences, hopefully turning them into regular software purchasers (unlikely).
NostalGeek's Avatar - Comment posted on 10/29/2009 08:43
NostalGeek
I'm curious to see how Regis is going to spin this at next E3....
whateverthismeanstoyou's Avatar - Comment posted on 10/29/2009 08:49
whateverthismeanstoyou
well, number doesn't lie. There is no going back. Console gaming born out of Nintendo died with Nintendo Wii. Nintendo should be in its own category. Call it Nintendof or put it under Toy. Put 360 and PS3 on their own category and call it a day and don't cover Nintendo as if it matters. Nintendo only matters b/c of the money earned from Wii.
the7k's Avatar - Comment posted on 10/29/2009 08:50
the7k
Hardware saturation and software rarity - this is the reason Nintendo has started to decline. Most of us are still waiting on Star Fox and F-Zero to hit the Wii. Wouldn't hurt if maybe you surprised us with a new console Earthbound and Kid Icarus, either.
ParticleSt0rm's Avatar - Comment posted on 10/29/2009 08:57
ParticleSt0rm
I think its about time we club together and buy Jim a decent art package ;)
sprldr's Avatar - Comment posted on 10/29/2009 09:00
sprldr
This is what they get for going casual and betraying the gamers. I hope it really catches up with them.
TheToiletDuck's Avatar - Comment posted on 10/29/2009 09:00
TheToiletDuck
So now they're just making a regular fuck tonne instead of a cubic assload.
Sexualchocolate's Avatar - Comment posted on 10/29/2009 09:12
Sexualchocolate
Should have a captain obvious header, although that header is pretty sweet!

Market saturation people.

As you say, near enough EVERYONE who wants a Wii has got one now. they aren't going to buy another one! This isn't the 360 where you need to buy a replacement every couple of years!
Hcapt's Avatar - Comment posted on 10/29/2009 09:18
Hcapt
Ever notice how Nintendo is covered differently than Microsoft and Sony? Typically, earnings reports for Nintendo focus on the loss of profit year on year, while reports for Microsoft and Sony typically de-emphasize that their gaming divisions are in the red. Even at a 59% drop in profit, Nintendo still obviously made quite a bit more money than the Xbox 360 did this year, but the half-decade that the xbox was in the red was never reported as seriously as a drop in Nintendo's profits.
ejamer's Avatar - Comment posted on 10/29/2009 09:36
ejamer
Meh... as long as Nintendo is still pulling in fists of cash they probably don't care. The bubble had to burst sometime, and maybe if the drop in profit continues Nintendo will stop sitting on their hands after dominating the market.


@Hammersmith:
"What games have come out for the Wii in the past 6 months that are worth a damn. Metroid Trilogy?"

Fanboy comment, or ignorance? Plenty of Wii games are worth playing from the past 6 months. Obviously some of the titles below won't appeal to everyone... but suggesting there are no games is foolish.

Retail:
- A Boy and his Blob
- Boom Blox Bash Party
- Cursed Mountain
- Dawn of Discovery
- Dead Space Extraction
- Ghostbusters *
- Grand Slam Tennis
+ ExciteBots
- Klonoa
- Little King Story
- Mario & Sonic at the Olympic Winter Games
+ Metroid Prime Trilogy
- Muramasa
+ New Play Control: Donkey Kong Jungle Beat
- NHL 2k10 *
+ Punch Out!!
- SpyBorgs (haha... Just kidding, this one sucks. Sorry Capcom.)
- Tiger Woods 10 *
- The Conduit (Not a great game, but probably worth trying because of hype.)
- Virtua Tennis 2009
+ Wii Sports Resort
+ Wii Fit Plus

Lots of remakes from Nintendo in that period, but a solid selection when you realize that Wii Sports Resort, Punch-Out!!, and ExciteBots are all new content.

WiiWare:
- Bit.Trip Core
- Bubble Bobble Plus!
- Contra Rebirth
- Driift Mania
- Final Fantasy Crystal Chronicles: My Life as a Darklord
- Final Fantasy IV The After Years
- LostWinds: Winter of the Melodias
- NyxQuest: Kindred Spirits
- Swords & Soldiers
- Tales of Monkey Island
- You, Me, and the Cubes

*Multiplatform, but unique gameplay and/or best ratings on Wii.
lewness's Avatar - Comment posted on 10/29/2009 09:43
lewness
I bet the head honchos are all crying how they have to stay in one mansion every week instead of switching castles every day. Boohoo, I have to ride a Rolls-Royce to work instead of a Hermes Helicopter.
IronRaiden's Avatar - Comment posted on 10/29/2009 10:05
IronRaiden
We are talking "profit reductions", guys. It doesn't mean the big honchos at nintendo are going into unemployment, it means instead of cleaning ther asses with 500€ bills and snorting coke from 1000$/hour luxury prostitutes' tights, they'll have to settle with 200€ bills and 4004/hour hos. Oh, the horror, the tragedy. They are still making a BAJILLION per hour.
Br0th3rGr1mm's Avatar - Comment posted on 10/29/2009 10:26
Br0th3rGr1mm
How dare you put 'roundeyes' on those oriental gentleman! That's certainly not Cricket!
triclops41's Avatar - Comment posted on 10/29/2009 10:47
triclops41
I wish my profits were down to only a billion dollars this year.
pl0x kthanxbai's Avatar - Comment posted on 10/29/2009 11:09
pl0x kthanxbai



say what?
GoldenGamerXero's Avatar - Comment posted on 10/29/2009 11:19
GoldenGamerXero
Oh GOD! Is there a single picture of Reggie that doesn't make him look like the devil!
MasterBalls's Avatar - Comment posted on 10/29/2009 11:35
MasterBalls
I WANT to defend the Wii and say It has plenty of fun, original titles. Then I realize my favourite games for it are Okami, re4 and Bully.
Gilgamesh1317's Avatar - Comment posted on 10/29/2009 11:47
Gilgamesh1317
I love that image so much.

I wonder what Nintendo will do now in order to get profits back up. After releasing yet another DS upgrade, I mean. Maybe they'll consider putting some love into their main franchises aside from the "Wii X" one.

I bet they'll pull something out of their arses for E3 2010's presentation...
Tye The Czar's Avatar - Comment posted on 10/29/2009 12:32
Tye The Czar
This is all I have to say:

And this is why they deserve it:
http://gameinformer.com/b/news/archive/2009/09/27/Feature-Wii-Software-Problem-Shovelware.aspx
TheGlue29's Avatar - Comment posted on 10/29/2009 12:48
TheGlue29
@ plox kthnxbai

...you are an evil, ruthless person.
peachboy's Avatar - Comment posted on 10/29/2009 13:37
peachboy
maybe it's time to start delivering high quality and innovative content for the waggle box.
no? then to hell with them.
Occams electric toothbrush's Avatar - Comment posted on 10/29/2009 14:42
Occams electric toothbrush
I own my Wii for No More Heroes. Everything else is just extra. That being said I havent played my Wii since No More Heroes. Sigh.
Angeles's Avatar - Comment posted on 03/07/2011 03:24
Angeles
Zipper Earphone | Computer Headset | Earphone Suppliers | Phone Headset - We specialize in providing high qualified Computer Headset with Microphone (M-5014), Zipper Earphone suppliers,Computer Headset with Microphone (M-5014),Computer Headset with Microphone (M-5014)5.LED Wall Washer Light | LED Gas Station Light | LED Lighting Supplier | China LED Manufacturer - We specialize in providing high qualified LED Wall Washer Light,10W T10 SMD led tube,12W T8 SMD led tube,15W T8 SMD led tube,18W T10 SMD led tube,22W T10 SMD led tube.LED Dimming System | LED Dimming | LED Dimming System Supplier - We specialize in providing high qualified air-fresher, ultraviolet, photocatalysis,AL, PC, Vehicles & Transport Equipment – Guangzhou Baiyun Tongda Auto Lamps Electrical Factory air-fresher, ultraviolet, photocatalysis,AL,PC.LED TV 32 | Ebook Rader 7inch FTF | Ebook Reader 7 inch TFT | Ebook Rader FTF | Ebook Reader RTF | China LED TV - We specialize in providing high qualified 19 CRT TV,CRT TV, CRT,TV CRT 19,CRT TV 19INCH.CRT TV 19".CRT TV 19, Electrical & Electronic Equipment – Shenzhen Woo Electronics Technology Co.Locking Compression | locking compression plate | locking plates - We specialize in providing high qualified Calcaneal,Locking,Compression,Plates,Cloverleaf, Health & Medical – Suzhou Sunan Zimmered Medical Instrument Co., Ltd. Calcaneal,Locking,Compression,Plates,Cloverleaf.Certificated Connector | Power Cord Connector | Certificated Connector Supplier - We specialize in providing high qualified 58482218,58482228,58482238,58482248,58482258, Electrical & Electronic Equipment – Shanghai Yusheng Enterprise Development Co.Surgical Instruments | Surgical Instruments Suppliers | surgical instrument companies - We specialize in providing high qualified endoscope pendant, ceiling-mounted pendant,medical pendant,surgical pendants,ceiling-mounted pendant, Mechanical Engineering & Industry - Equipment – Dongguan Maydear Medical Equipment CO.Electric Power material | electrical materials | electric power material manufacturers - We specialize in providing high qualified angle steel tower , self support tower, communication tower, guyed tower ,angle steel tower, Construction & Public Works – NINGBO HUYONG ELECTRIC POWER MATERIAL CO.Aluminum Composite Panel | Aluminium Coil | aluminium coil suppliers | aluminum plate - We specialize in providing high qualified aluminum composite panel, aluminium composite panel, acp, aluminum composite material, alucobond, Construction & Public Works – Foshan Shunde Bolliya Plastic Aluminum Composite Panel Co.Manhole Cover | plastic manhole covers | manhole cover manufacturers - We specialize in providing high qualified manhole cover supplier,fence,garden fence,flower pot,garden pot,manhole cover,– Hunan Timelion Composite Materials Co.Foaming Tyre Rejuvenator | Chrome Effect Spray Paint | Chrome Spray Paint | Tyre Rejuvenator - We specialize in providing high qualified brake cleaner, engine degreaser, foaming tyre rejuvenator,anti mist spray,paint,brake cleaner,foaming tyre rejuvenator,engine degreaser,– Shenzhen Rainbow Fine Chemical Industry Co.
prev next

Comment with Facebook





Click connect and comment instantly!

Comment with Dtoid





New? SIGN UP - it takes 5 seconds

Comments policy

Destructoid is an open discussion community. You don't need to "audition" to post a comment - just speak your mind. We respect differing opinions on the site, so have at it. Be smart, funny, insightful, clueless, or cute -- but back it up with substance. Keep your cool, keep it fun. We only ask that you act respectfully and above all: don't be a troll and ruin it for everyone else. Don't bring down gamers or we'll, you know, gently shoot you in the face and stuff you into a flaming mailbox. Each comment is your opportuntity to make this community awesomer. Is that even a word?

Avoiding the banhammer only requires common sense: spamming, trolling, racism, NSFW stuff, and other forms of sucking will not be tolerated. If anyone is griefing please report abuse. Be good. Don't suck!