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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
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Nintendo NX Will Be Called Switch, Coming In March 2017
Apple's Tim Cook Visits Nintendo Headquarters
Nintendo NES Classic Edition Launches In November, NX Could be Announced Earlier
New Nintendo 3DS XL system Arrives in stores October 28
Nintendo's NX Console To Go Retro With Cartridges: report
Niantic To Ban Pokemon GO Cheaters
Niantic Is Seeking For Tie ups For Pokemon Go
Nintendo Reports First-quarter Loss
Nintendo Downplays Pokemon GO's Earnings Impact
T-Mobile Offers Free Pokemon Data
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