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Last 7 Days News :
Wednesday, January 29, 2014
Slow Wii U Sales Keep Nintendo's Profit Down
Nintendo posted poor results for the third quarter on Wednesday due to disappointing sales for its flagship Wii U console.
The company said its operating profit fell 6.9 percent in October to December to 21.7 billion yen ($211 million), compared to its most recent target for a 35 billion yen ($340 million) loss for the full year.
Nintedo's domestic sales of hardware and software were strong but that overseas sales sagged in the holiday season. Revenue fell 11.5 percent on the year to 302.6 billion yen in the October to December quarter.
The Japanese ocompany cut its full-year sales forecast for the Wii U gaming console to 2.8 million from 9 million on January 17.
Nintendo is due to unveil a new management strategy on Thursday.
Lenovo Unveils Rugged ThinkPad Devices, New ThinkServers For Schools
Sony Buys Semiconductor Manufacturing Facility From Renesas Electronics
Sales Of PS4 KILLZONE SHADOW FALL Exceed 2.1 Million Units
Nintendo to Finally Go Mobile: report
Nintendo's Earnings Boosted by Switch Console Sales
Nintendo Super NES Classic Edition Coming in September for $80
Nintendo Switch Update Available Now
Nintendo: Pokemon Role-playing Game in The Works, Super Mario Games Coming in August
Pokken Tournament DX to Debut on Nintendo Switch
Nintendo Switch Online to Cost $20 per Year
New Nintendo 2DS XL Gaming Handheld System Coming On July 28
Nintendo's Switch Console To Double Company's Full-year Profit
Nintendo Broke US Sales Records For 'Zelda' And Switch
Nintendo Says Dead LCD Pixels Are Normal For Switch
Nintendo Switch Teardown Reveals Large Battery, 4GB DDR4 And A Lot Of Cooling
Nintendo Hopes Switch Will Lure Casual Gamers
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