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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 To Bring Games To Smart Devices
Nintendo Cuts Operating Profit Forecast On Slack 3DS Sales
Nintendo To Discontinue The Club Nintendo Rewards Program
Wii U Closes 2014 With Strong Sales
New 3DS XL Launches Next Month In The US
New Nintendo Devices To Use 'free-form' LCDs
Philips and Nintendo Resolve Patent Disputes
Nintendo Introduces New 2DS Designs, Amiibo Subscription Service
Nintendo to Release 'Quality of Life' Device
Nintendo Reports 2Q Profit
Nintendo's Figurines Coming Later This Year
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