Nintendo’s financial results have been released and they paint a grim picture for the company. In fact, recent negative predictions were actuallymorepositive than the final figures with Nintendo preparing for the first annual loss in thirty years.
In the six months leading to September 30, Nintendo’s net sales revenue fell by 40.6% while net losses have risen to ¥70.3 billion compared to last year’s paltry ¥2.01 billion. Almost all the losses are coming from sales, since R&D costs haven’t changed much despite Wii U development.
The United States is where sales have dropped most, with revenue dropping 53.8%. I can’t say I am surprised, since Japan and Europe have at least hadsomeproduct on store shelves this year while Nintendo of Americawon’t publish gamesthat are already localized. I wouldn’t suggestXenobladecould give Nintendo a giant sales boost, but at least it would have had somethingtosell.
The only positive bit of news for Nintendo is that the 3DS is starting to do decently with lifetime sales reaching 6.68 million. Nevertheless, president Satoru Iwata is on shaky ground right now. While we haveKirby,Zeldaand twoMariogamescoming soon, they’re all hittingafterthe financial results and Iwata may not be around long enough to see them bear fruit.
Nintendo braced for first annual loss in 30 years[Edge]
