Nintendo profits fall 61% as Wii sales slump

The company saw a sharp fall in Wii and DS sales during the April to June quarter but still expects a profit this year

A sharp fall in global sales of Nintendo's popular Wii console and a less dramatic slowdown in sales of the portable DS pushed down the company's sales and profits in the April to June quarter, the company said Thursday.

Nintendo said net profit for the three-month period was ¥42 billion (US$443 million as of the last day of the period being reported), down 61 percent on the same period last year, while sales dropped 40 percent to ¥253 billion.

Sales of the Wii dropped more than half compared to the same period last year to 2.2 million units during the quarter.

The drop was largest in the Americas, where unit sales fell 65 percent, and in Japan, where they declined by 60 percent. Unit sales in other markets, including Europe, fell 47 percent, Nintendo said.

In the handheld market, the company saw unit sales of its DS drop on the same period last year by a million units to 6 million.

Nintendo developed a new version of the DS, called the DSi, in response to falling sales and launched it in Japan late last year.

The DSi was introduced to Europe and the Americas at the beginning of the April but sales during the quarter were still lower than the same period last year. They only rose in Nintendo's home market of Japan.

In addition to the lower unit sales Nintendo was also hit by the Japanese yen, which has strengthened against both the U.S. dollar and euro since the April to June quarter of last year.

The strong yen increases the price of its products that are made in Japan and also reduces the value of sales and profits made overseas when that money is returned to Japan.

Software sales for both the Wii and DS also fell. Nintendo said 29 million Wii games and 31 million DS games were sold during the period.

Those figures represent declines of 20 percent and 23 percent respectively against the same period last year. Nintendo attributed the drop to fewer hit titles being released during the quarter.

For the April to March 2010 fiscal year Nintendo said it expects to record a net profit of ¥300 billion on sales of ¥1.8 trillion.

The figures are unchanged on forecasts made earlier. Last year Nintendo achieved a net profit of ¥279 billion on sales of ¥1.84 trillion.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags revenueNintendowiinintendo dsinintendo wiigaming newsprofit

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Martyn Williams

IDG News Service
Show Comments

Cool Tech

Breitling Superocean Heritage Chronographe 44

Learn more >

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?