Nintendo Reports Profits Despite Abysmal Wii U Sales

Discussion in 'User Submitted News' started by EvilMakiPR, Jul 31, 2013.

Thread Status:
Not open for further replies.
  1. EvilMakiPR
    OP

    EvilMakiPR GBAtemp Addict

    Member
    2,250
    647
    Apr 9, 2013
    [​IMG]

    Nintendo has just released their quarterly financial results and – despite poor Wii U sales – have recorded an overall profit between April and June 2013. The company has recorded a net sales earning of 81.5 billion yen (around £545 million), down from 84.8 billion yen in the same few months from 2012. Operating income saw a loss of just 4.9 billion (around $50 million/£33 million) compared to 2012′s results of 10.3 billion. Nintendo, then, saw an overall net profit of 8.62 billion yen (around $88 million/£58 million) this year, which is comparatively huge when you look at its 17.23 billion yen loss between April and June 2012.

    Source
     
  2. chavosaur

    chavosaur Austin Trujillo

    pip Contributor
    4,791
    8,660
    Mar 11, 2012
    United States
    Huntersville, NC
    I though we already had this thread in the USN before?
    It ended up with everyone screaming about the 3DS doing better, the Wii U being a piece of shit, and Emigre asking where all the Gaems were.
     
  3. gamefan5

    gamefan5 Kid Icarus Uprising connoiseur

    Member
    4,946
    2,071
    Aug 29, 2010
    Canada
    Somewhere in this Earth
    160,000 wiiU sold in 3 months?? Wow, that was lower than even the lowest of expectations.
    We'll see how it will pick up steam in the coming months.
    Kinda hilarious that the Wii sold more in that same time frame. XD
     
  4. heartgold

    heartgold GBAtemp Psycho!

    Member
    4,344
    1,033
    Sep 11, 2009
    London
    3DS basically keeping the company upright, Wii U doomed.
     
  5. Foxi4

    Foxi4 On the hunt...

    pip Reporter
    23,558
    21,536
    Sep 13, 2009
    Poland
    Gaming Grotto
    #Sales ;O;

    That's mostly because this is exactly what's going on - the 3DS sells like a cure for cancer, the WiiU still can't begin to compare to the Wii and gaems are still nowhere to be seen. ;O;
     
  6. McHaggis

    McHaggis Fackin' Troller

    Member
    1,718
    939
    Oct 24, 2008
    The financial reports were just published today, I believe. But yeah it smells a little bit like deja vu to me too.
     
  7. Bladexdsl

    Bladexdsl ZOMG my posts...it's over 9000!!!

    Member
    16,234
    3,885
    Nov 17, 2008
    Australia
    Queensland
    i thought financial reports were classified not news and were banned from the USN :creep:
     
  8. Tom Bombadildo

    Tom Bombadildo Honk!

    pip Contributor
    GBAtemp Patron
    Tom Bombadildo is a Patron of GBAtemp and is helping us stay independent!

    Our Patreon
    10,696
    10,722
    Jul 11, 2009
    United States
    I forgot
    So where are all the gaemz?
     
  9. heartgold

    heartgold GBAtemp Psycho!

    Member
    4,344
    1,033
    Sep 11, 2009
    London
    Nah, some people use to post weekly poor Japanese Vita sales every week.

    This is fine, it's a Q1 report from Nintendo.
     
  10. Foxi4

    Foxi4 On the hunt...

    pip Reporter
    23,558
    21,536
    Sep 13, 2009
    Poland
    Gaming Grotto
    The way I see it, sales are still not news. I'm willing to wager that 99.9% of GBATemp users are not Nintendo stockholders and this information brings nothing new to the table except an opportunity to poke fun at the Big N and their inability to market their latest system as a marriage between "core" and "casual" in the wake of the PS4's and the XBox One's release. It's in no way relevant to gamer interests.
     
  11. Taleweaver

    Taleweaver Storywriter

    Member
    5,606
    1,644
    Dec 23, 2009
    Belgium
    Belgium
    Yeeey, more sales!

    And perhaps I'm cynical, but the title is wrong. It's not that they're making profit DESPITE abysmal wiiu sales, but THANKS TO. As you remember, nintendo sells the console at a loss. As such, their profits would actually be lower if ninty sold more copies. :P
    And their main source of income is in games. Which they admit (again) isn't very high right now.

    But all in all, I've got to admit this is very good news on all sides. The 3DS got a bad start as well, but now it's freakin' carrying nintendo. So yeah...they'll get there in the end. Popularity-wise, it will no doubt trail somewhere behind sony and microsoft...but I doubt it'll damage them in any way.
     
  12. heartgold

    heartgold GBAtemp Psycho!

    Member
    4,344
    1,033
    Sep 11, 2009
    London
    Alright, just because it's a negative result, it shouldn't be posted. What if it's positive with Wii U flying high, no one could poke fun and would that be okay? I'm sure both M$ and Sony reports have been posted recently. Why are they allowed and this isn't?

    IMO it's still interesting to know how hardware and software sales are selling. It may not have an impact on your actual gaming, but it's facts for anyone who's curious.
     
    yuyuyup likes this.
  13. Foxi4

    Foxi4 On the hunt...

    pip Reporter
    23,558
    21,536
    Sep 13, 2009
    Poland
    Gaming Grotto
    I still find that statement incredibly debatable, even though it was confirmed by Nintendo themselves. The tech inside the WiiU in no way justifies a loss at its current price point, but then again, a lot of money went into research and whatnot. Those "losses" will gradually melt away though and hopefully that'll mean a price cut for the WiiU, otherwise Nintendo has no chance at competing.
    This isn't about whether the results are positive or negative or whether it's Nintendo or any other company - it's about whether this is news at all. A sudden turn from abysmal to fantastic is news because y'know, it's a development. "WiiU still selling poorly" isn't a development, it's a continuing trend which makes it "not news". That being said, neither of those are actually gaming news, but oh well. This isn't just limited to Nintendo - sales are generally not gaming news, they're news for stockholders.
     
    gamefan5 likes this.
  14. McHaggis

    McHaggis Fackin' Troller

    Member
    1,718
    939
    Oct 24, 2008
    Some people might be interested to know that the Wii U's poor sales aren't impacting the larger company too negatively (not sure of a better way to put that, it makes it sound like they shouldn't be too disappointed with how badly the Wii U is doing).
     
  15. Taleweaver

    Taleweaver Storywriter

    Member
    5,606
    1,644
    Dec 23, 2009
    Belgium
    Belgium
    Erm...when you say "the tech inside the wiiu in no way justifies a loss..." ...do you mean the whole package (mostly console and the gamepad combined)? I must admit I haven't given too much thought into the components used, but I don't see why they would want to lie about it. :unsure:
     
  16. EzekielRage

    EzekielRage Hero of the Void

    Member
    596
    185
    Aug 21, 2012
    Australia
    The Void
    that is just factually wrong. yes they sell at a loss BUT if they sell ONE game per ONE console they already make a profit, Reggie stated that a few times. And seeing how they sold almost ten times the amount of games than the console, your assessment would ONLY be true if they sell the consoles and NO GAME AT ALL which is silly because obviously nobody buys a console without games ;)
     
    zuron7 likes this.
  17. Foxi4

    Foxi4 On the hunt...

    pip Reporter
    23,558
    21,536
    Sep 13, 2009
    Poland
    Gaming Grotto
    Oh, I don't mean a downright lie - I'm sure it checks out as far as numbers are concerned. I'm just wondering what factors are concerned towards said loss. Economics 101 tells me that all the expenses towards WiiU research and preparing the manufacturing lines as well as other expenses outside of the actual hardware are accounted for as a "loss" and this "loss" is not permanent - it gradually shrinks. What I mean is that the hardware itself doesn't generate the losses, it's the road towards its creation that generated them.

    Similarily the PS3 used to be $599 and now you can grab one for $250 - the tech has been perfected, the R&D has been covered so a considerable part of the original price was sliced. Now, mind you, it was sliced gradually (periodical price cuts with newer revisions and so on) but the mechanism itself still applies. The same will happen to the WiiU and I do hope that it happens relatively quickly before the console enters the realm of obscurity.
     
  18. Hop2089

    Hop2089 Cute>Hot

    Member
    3,810
    209
    Jan 31, 2008
    United States
    Well Nintendo has the 3DS and all and Dual Destinies sold over 200,000 copies so quite a few systems were bought for that game alone. I get the feeling the WiiU was stagnated on arrival.
     
Thread Status:
Not open for further replies.