Featured Articles

IHS teardown reveals Galaxy S5 BOM

IHS teardown reveals Galaxy S5 BOM

Research firm IHS got hold of Samsung’s new flagship smartphone and took it apart to the last bolt to figure out…

More...
Galaxy S5, HTC One M8 available selling well

Galaxy S5, HTC One M8 available selling well

Samsung’s Galaxy S5 has finally gone on sale and it can be yours for €699, which is quite a lot of…

More...
Intel lists Haswell refresh parts

Intel lists Haswell refresh parts

Intel has added a load of Haswell refresh parts to its official price list and there really aren’t any surprises to…

More...
Respawn confirms Titanfall DLC for May

Respawn confirms Titanfall DLC for May

During his appearance at PAX East panel and confirmed on Twitter, Titanfall developer Respawn confirmed that the first DLC pack for…

More...
KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 gained a lot of overclocking experience with the GTX 780 Hall of Fame (HOF), which we had a chance to…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 26 April 2012 13:38

Nintendo takes a plunge

Written by Nedim Hadzic

nintendo grey

Posts first operating loss ever


It appears
as if Nintendo’s Wii magic has worn off and the company’s horses turned into pumpkins as the company posted its first ever operating loss.

The loss lists a deficit of about $458 million for the now past business year. On a slightly lighter note, if there is one, the loss is still better than the consensus forecast, which was slightly under $512 million.

While it enjoyed a fair share of success as of late, the company’s most recent plans on Wii and 3DS sales didn’t go quite well. Strong yen didn't help either while analysts also point at smartphone and tablet markets slowly chewing away at Nintendo’s. mobile gaming share

Nintendo’s CEO Satoru Iwata conceded that he isn’t satisfied with the past year and added that EU sales of 3DS haven’t been as good as in Japan. He added that strong yen is also to blame but refused to offer more information on Nintendo’s possible reaction. However, the company expects operating profit of around $430 million, whereas consensus estimate is in the vicinity of $500 million.

Although Nintendo has ruled the mobile gaming segment for quite a while, smartphones are slowly but surely pushing it out, as recent surveys on mobile gaming habits confirm. Since it’s pretty clear by now that Wii U isn’t quite going to revolutionize the market either, it is time for Nintendo to take a step back and think long and hard about the future.

More here.


Last modified on Thursday, 26 April 2012 15:07
blog comments powered by Disqus

To be able to post comments please log-in with Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments