Nintendo forecasts return to profit helped by weakening yen

[heartgold]

Despite having an operating loss, Nintendo has managed to snap up a small profit for the year as weakening yen gives Nintendo a little momentum of $70M net income.

TOKYO - Nintendo Co Ltd forecast a return to profit in the year that began April 1 after a second straight annual operating loss, as a weaker yen boosts revenue and offsets worse than anticipated sales of its latest home game console, the Wii U.

With struggling Wii U trying its best in the market, it's no brainer that this is the main issue being an obstacle into a healthy profit state as only 0.39M units were shifted between Jan-Mar. Total of 3.45M Wii U's have been sold since March 2013.

The company is still on course for a $1B profit for next year, with big titles for 3DS such as Pokemon and Animal crossing on their way, will no doubt help. Lets not forgot huge Wii U titles will be hitting latter this year.

In others news Nintendo has stopped the production of the NDS worldwide, Iwata to become Nintendo of America CEO and Reggie remains as President and COO as he always was.

Many of his current responsibilities, including the CEO title, will be assumed by Global President Satoru Iwata. The move will support the company’s unified global strategy, allow streamlined decision making and enhance Nintendo's organizational agility in the current competitive environment. Reggie Fils-Aime will continue in his role as president and COO of NOA, reporting to Iwata.

http://www.businesstimes.com.sg/bre...s-return-profit-helped-weakening-yen-20130424
http://www.nintendo.co.jp/ir/en/

 

[emigre]

Nintendo are doomed.

 

[ShadowSoldier]

Man can someone tell me how many wiiu's were sold in march? I can't find that info anywhere, which is weird.

 

[McHaggis]

With struggling Wii U trying its best in the market, it's no brainier that this is the main issue being an obstacle into a healthy profit state as only 0.39M units were shifted between Jan-Mar. Total of 3.45 Wii U's have been sold since March 2013.

You're absolutely right, it isn't any brainier. I thought the total of Wii U consoles sold since March would be much higher than 3.45 but, in saying that, I don't know anyone other than myself and ShadowSoldier that has one. I wouldn't be surprised if he owns the .45 of a console too.

 

[heartgold]

If anyone's interested.

 

[ShadowSoldier]

If anyone's interested.

The only thing I care about in that is that beautiful ocarina of time cover. So much better than the na cover.

 

[Foxi4]

Saved by the Bell Weakening Yen.

 

[DaggerV]

1.29 million people bought Pokemon Rumble, about 1.26 million of them regretted it.

 

[heartgold]

You're absolutely right, it isn't any brainier. I thought the total of Wii U consoles sold since March would be much higher than 3.45 but, in saying that, I don't know anyone other than myself and ShadowSoldier that has one. I wouldn't be surprised if he owns the .45 of a console too.

haha good spot. XD

 

[ShadowSoldier]

You're absolutely right, it isn't any brainier. I thought the total of Wii U consoles sold since March would be much higher than 3.45 but, in saying that, I don't know anyone other than myself and ShadowSoldier that has one. I wouldn't be surprised if he owns the .45 of a console too.

pft I'm happy with my wiiu thank you very much. I play it more than my ps3.

 

[Foxi4]

pft I'm happy with my wiiu thank you very much. I play it more than my ps3.

Browsing that System Menu must be fun... Now if only it had gaems... ;O;

 

[McHaggis]

pft I'm happy with my wiiu thank you very much. I play it more than my ps3.

I'm happy with mine too. The thing is, I don't get much time to play gaems so it doesn't really matter to me if the releases are few and far between. I only just finished Arkham City a couple of weeks ago and I've had it since January. Then my kid deleted my SMBU saves so I've had all that to do again ;-) Even then, I have my PS3 and 3DS to keep me occupied whilst waiting for new releases.

On the other hand, people who bought a Wii U expecting a lot of blockbuster releases have a right to be unhappy with it. It's not a long-term investment for everyone, after all.

 

[emigre]

After my experiences with the 3DS, I am in no rush to buy a Wii U.

 

[ShadowSoldier]

After my experiences with the 3DS, I am in no rush to buy a Wii U.

Weeaboo talk.

 

[Foxi4]

Weeaboo talk.

You would sort of expect Japanese hardware to be Weeaboo-Friendly. Just saying.

 

[emigre]

3DS hasn't been weeaboo enough. I don't think I'm saying anything wrong there. Ninty need to weeaboo the fuck up.

 

[DaggerV]

How is a console not a long term investment? WTF?

 

[BORTZ]

You would sort of expect Japanese hardware to be Weeaboo-Friendly. Just saying.

The problem is the he's a European Weeaboo. Apparently Japan has somethinga against EU Weeaboos and makes things really bad for them.

 

[chartube12]

Reggie is getting a leash put on his collar?

CELEBRATION!

 

[Guild McCommunist]

http://www.gamesindustry.biz/articl...sts-by-50-percent-due-to-weak-wii-u-3ds-sales

cough