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Wednesday, 24 October 2012 10:18

Nintendo cuts operating loss in half

Written by Nedim Hadzic

nintendo grey

In a single year, against all odds

Although Nintendo’s 1H 2012 earnings report isn’t quite what we’ve come to expect from Nintendo, the signs are still positive enough, seeing as how the company cut its operating loss in half in a single year.

Nintendo hasn’t had the best of times with Wii and DS sales, quite expectedly as they’re nearing end of their life-cycle, but the company still managed to improve results. The company lost about $366 million from April to September, which, although obviously not great, is still a significant improvement over the loss of $718 million in the same period last year.

3DS initially suffered a slow start but now turned out to be a lifesaver as its sales were up 64.8 percent. This means sales totaled at 5.06 million units, 2.1 million of which are XL models.

The DS sold 970,000 units while the aged Wii managed 1.32 million. This makes for 62.4 and 60.6 percent drops, respectively, but such results were to be expected, especially in the latter case, what with the Wii U just around the corner.

With the launch of the Wii U, Nintendo expects sales of 5.5 million in 2H of the fiscal year. This may very well be the break the company was hoping for, but we’ll see soon enough whether they can keep up the momentum.

More here.

Last modified on Wednesday, 24 October 2012 13:27
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