Profits News

News: Profits Down 46% As Nintendo Makes $1.3 Billion

Profits Down 46% As Nintendo Makes $1.3 Billion

Cuts sales projections for Wii and DS

The accounting period just before launching a new console is always a tough one: who's likely to shell out for a machine when a newer, shinier model is on the horizon? Perhaps that's partly to blame for a sharp decrease in Nintendo's third-quarter profits which saw the company's operating profit drop to $1.3 billion / £814m, compared with $2.31 billion / £1.4..

News: Nintendo Posts 43 Percent Revenue Drop

Nintendo Posts 43 Percent Revenue Drop

For the first time in two years, the Big N posts a quarterly loss

There has been many-a-meme relating to the DS “printing money,” but now a quarterly earnings report from Nintendo suggests the handheld's printer may be running out of ink. According to the earnings report, which covers the second quarter of fiscal year 2010/2011 running from April 1 through June 30, 2010, demand for the DS has..

News: Nintendo Profits Fall for the First Time Since 2004

Nintendo Profits Fall for the First Time Since 2004

Still made a few billion, though

Associated Press recently reported the Big N's earnings for the fiscal year, which ended on March 31st. The company forecasts their first drop in profit in six years, at 230 billion yen (2.4 billion USD) profit, down from 279.1 billion yen (2.96 billion USD) profit in 2009. Analysts say that this is most likely due to the company's slashing of the Wii's pricetag as..