Sunday, December 21, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Introduces SE790C Curved Monitor
Chinese Motion-sensing VR Glasses Coming On Kickstarter
Kodak Returns To CES With Consumer Product Line
North Korea Suggests Joint Inverstigation With U.S. Over Sony Hacking
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > Games > Nintend...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, May 07, 2014
Nintendo Reports Annual loss But Iwata Remains Optimistic


Nintendo made an annual operating loss for the third consecutive year in 2013, as Wii U and 3DS hardware sales and software did not reach their expected levels. However, the company forecast full-year profit.

For the year through March 2015, Nintendo said Wednesday it expects an operating profit of 40 billion yen ($393 million), compared with a loss of Y46.4 billion yen for the just-ended fiscal year. Sales of the Wii U have been dismal and the company said it faces a "challenging sales situation."

Nintendo sold 2.72 million Wii U consoles last fiscal year compared with 3.45 million units a year earlier and less than a third of its initial estimate of 9 million units.

The Japanese gaming company also said that sales of its high-margin game software titles suffered because hardware sales in the just-ended fiscal year were worse than it had originally expected. For the current fiscal year, Nintendo projected a net profit of 20 billion yen on revenue of 590 billion yen, up 3.2%.

Nintendo said it plans to focus on efforts that seek to generate interest in the Wii U by providing software that takes advantage of its GamePad, utilizing its built-in functionality as an NFC reader/writer, and by adding Nintendo DS Virtual Console titles to the Wii U software lineup.

It cited the May release of Mario Kart 8 and Super Smash Bros. scheduled to be released next winter as titles that could help stimulate demand for the console.

Moreover, Nintendo will also strive to proactively pursue its digital distribution business through the Nintendo eShop.

The company aims to sell 3.6 million Wii U consoles and 20 million Wii U software units in the year ahead. Chief Executive Satoru Iwata has insisted the company won't put its iconic Mario franchise on devices other than its game console.

At a news conference for the company's earnings Wednesday, Mr. Iwata also said that rumors the company will announce a new game device at the E3 Expo in June are not true.




Previous
Next
ZTE Blade L2 Arriving In Europe        All News        Samsung KNOX 2.0 Now Available On Galaxy S5
Nintendo Introduce Console For Emerging Markets     Games News      Xbox One Update Brings New Audio Controls and Tools For Improved Voice Recognition

Get RSS feed Easy Print E-Mail this Message

Related News
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
Nintendo's Iwata Recovers From Surgery
Nintendo's Wii Infringes on Philips' Remote Control patent
Code Name: S.T.E.A.M. Coming On Nintendo 3DS
Pac-man Coming On Nintendo Wii U And 3DS
Nintendo's Wii U E3 Press Event
Sony Sells More Game Consoles Than Nintendo

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .