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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 Reports First-quarter Loss
Nintendo Downplays Pokemon GO's Earnings Impact
T-Mobile Offers Free Pokemon Data
Nintendo Resurrects the NES With The Release Of The Nintendo Classic Mini
Pokemon Go Arrives in the UK
Niantic, Google To Fix Security Issues In Pokemon App
Nintendo Remains Sceptical About The VR Engagement Of NX
Nintendo Treehouse: Live at E3 Highlights Upcoming Wii U and Nintendo 3DS Releases
Nintendo The Legend of Zelda: Breath of the Wild Game Coming in 2017 On Nintendo NX Entertainment System
Nintendo NX To Have VR Support
Nintendo to Enter The Movie Business
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