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Nintendo Q1 profit dives 60 percent

Revenue declines by 40 percent as quarterly Wii and DS sales fall
Nintendo has reported heavy profit and revenue declines for the first quarter ended June 30.

Net income, or profit, fell 60.6 per cent to 42.3 billion yen ($445m/£270.8m), while revenue declined by 40 percent to 253.4 billion yen ($2.7b/£1.62b)

Operating profit was down 66 per cent to 40.4 billion yen ($425m/£358.7m).

Wii hardware sales totaled 2.23 million units during the quarter, down from 5.17 million during the first quarter of last year. Lifetime Wii sales now stand at 52.62 million.

Quarterly Wii software sales were 31.07 million, down from 40.41 in Q1 last year.

DS sales hit 5.97 million units during the quarter, compared to 6.94 million a year earlier. Lifetime DS sales now total 107.75 million.

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Quarterly DS software sales were 29.09 million units, down from 36.59 million a year earlier.

Nintendo said it expects to hit its full-year sales forecast of 26 million Wii consoles and 30 million DS units.

The company reiterated its previous guidance for operating profit to fall 12 per cent to 490 billion yen ($5.15b/£3.14b) in the full business year ending March 2010.

Article supplied by Edge-Online

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Posted by coolpro
So it's not just Sony then!!
Posted by Mark240473
Nope, we're all doomed.
Posted by bennyboi1979
global recession.... none of this is a surprise.
Posted by alexkidd
if they swithc the 100's for 50's they wont need to cancel the weekly money fight..damn this recession is tough
Posted by canis77
Market Saturation or have people finally started to realise that the Wii is a bit shit?
Posted by G_R7
The Wii is a great little console but it just hadn't had any AAA titles since Super Smash Bros Brawl. Don't get me wrong, there have been some good games this year that I have enjoyed but none that I have loved.

But thats been with all the consoles. Nothing this year I have played has been massive to me, and I have all the consoles and play them fairly.
Posted by kimoak
These type of comments need to be failblogged.

So, erm... Fail!

:)
Posted by stedman
Well most people who wanted one have one by now...

It's been three years...

Wii's got the best game ever made, cant be that shit :)
Posted by FiltyMonkey
I think Activision need to look at these current treads before releasing MW2 at their new cough up or **** off price. Arseholes.
Posted by WHERESMYMONKEY
i think activision need to take MW2 and shove it up thier arse. Not only is it going to be exactly the same as the last bloody game. but its going to cost twice the price. thanks for helping to make gaming just like every other creative industry these days.

Creatively kicked in the groin by ****ing accountants till anything of any real merit is swept under a sea of trite lifeless drivel concieved by ****ing focus groups!!!

Rant over. Thank **** for the likes of tim shaeffer and Suda 51 i say.
Posted by palancas7
People, don't compare this to Sony's. Sony had massive losses, while Nintendo.... had a profit decline. 40.4 billion Yen PROFIT, to be exact.
Posted by milky_joe
I'm sure it's a real kick in the teeth that they only made Ł270.8m profit and brought in Ł1.62b in revenue in the first few months of the financial year.

At those kind of levels they'll still be making a Ł1b profit by the end of the year.
Posted by ricflair
Numbers will pick up, it's amazing it's still full price coming up to three years after release.

Drop the price, or even package more controllers with it and things will pick up. As it stands, (as I think voodoo said) by the time you've bought a wii at Ł180, wii sports resort for Ł40, extra motion plus at Ł20, extra controller at Ł30 and nunchuck at Ł15 you're up to the same price as a PS3 with an extra DS3.

For the more core gamer, if Ł200 is too expensive for a PS3, then close to Ł300 for a complete two player experience on the wii is crazy - especially with the level of scepticism of Nintendo from 'core' gamers. That's not including classic/gamecube controllers or a wii fit board.

Will the wii come with a motion plus now? Because it is awesome, it improves things massively.

But yeah, still good figures and still in profit.
Posted by PTG
"Posted by coolpro
So it's not just Sony then!!"

Yes it is just Sony, Nintendo made a massive profit, jut not as large as last year, whereas Sony lost loads of cash.

53 million Wii's sold worldwide, lets panic because profits are down lol.
Posted by sweatyBallacks?
In other news...

My personal profits fell 50% from the same time last year.

Profits fell from Ł100,000 in 2008 to Ł50,000 in 2009, a drop of 50%.

Net loss was Ł287,521 and 50 pence compared to a net profit of Ł5.00 the year before.

Article supplied by Edge-Online
Posted by 360_Fan
Good. Now that this freak show is coming to an end, the gamers and the game developers can get back to playing and making real games.
Posted by The_KFD_Case
A good point. I suspect a lack of AAA titles has hurt their more "hardcore" gaming population sales, and while the Wii can still continue to sell I would expect that there is some amount of market saturation at this point. Still, the PS2 sold an estimated 150 million units, so historically it isn't impossible for the Wii to continue selling the way it has been.
Posted by The_KFD_Case
Someone bought a house, lost stock options or has an extensive run of bad look at the bookies. Possibly a combination of all three.
Posted by WHERESMYMONKEY
true, but a relatively large percentage of the ps2s 150 mill were repurchases after one of them kicked the bucket. The wii on the other hand is solid as a rock.

I think wii sales might pick up a little bit when the next zelda gets released.

It wouldn't surprise me if Nintendo started bundling wii sports resort and m+ in with the wii eventually.
Posted by Osiris25
I think its already been reported that the Vidoegame industry as a whole is suffering. It seems the economy has finally caught up with it. Still i'm sure they'll all ride it out and carry on. The Wii is a good piece of hardware with good games and will probably carry on selling well. I think Sony has a much harder job on their hands getting the PS3 jumped started again, even with a price drop its in that uneasy realm for consoles where its been out a while and now people are overlooking it and don't consider it when making there choice for purchase (Thats what happened to the Dreamcast and to a lesser extent GC & Xbox 1). However on the plus side it might mean that the prices of hardware & software may drop across the board which is good for all of us!
Posted by warren.barrie
People have probably been snapping up 2nd hand Wii consoles being sold by fed-up (Hard)core gamers which Nintendo can't include in their sales figures !! They then wonder why 'core' games don't sell......
Posted by gothchild
This is when people start spouting off about stuff when they don't really understand economic theory and the basics of industry.

I don't either, but I don't pretend to know it's so simple as some people make it out to be.
Posted by JuiKuen
Well Nintendo, you have to make some moves in terms of price maybe? Its a recession after all.

On the other hand, they also have to get the core games out such as Piltowings, Star Fox, F-Zero, Donkey Kong (a true 3D platfomer) and Kid Icarus.

Nintendo are kinda reminding me of Arsenal at this point...
Posted by kingwiiboy101
profit vs loss

number one console seller on earth wii

number one handheld dsi

number two hand held seller in world ds

number one over all 3rd party software seller ds/wii

number one first party title seller nintendo

its clearly resesion time the big push for middle year and end year will make up a huge amount i.e black wii wm+ push and monster hunter 3

theres corrently a huge selling ds game at number 1 in japan

and wii sports resort is second qort not first qort


nintendo number one sofeware seller

nintendo number one hardware seller

nintendo profits in every single department in every single thing they do

last 6 months of 2009 will be much better

sony loses will continue

theres just not that much spending in usa etc with this credit rescission


nintendos 2009 profits will be huge again ds profits dsi profits wii profits software profits

theres nothing to worry about its a slow economy thats all
Posted by kingwiiboy101
So it's not just Sony then!![/quote


erm nintendo = >>>profit still huge<<<<


sony=>>>>loss<<<< dont try that one on silly sony fans

a profits a profit a loss is a loss sonys psp flopped from day one

ps3 flopped from day one

nintendo profits this gen from day one

its economy not nintendo

wii sports resort and wm+ will bring the next Q term back up


basic mathamatics boys and girls
Posted by kingwiiboy101
nintendo is still the most profitable company on earth per employee


nintendo has never made a yearly loss in over 100 years of existence


try those apples sony fans
Posted by lordirongut
@Monkey
I find myself totally agreeing with you about MW2, which is strange because I thought that only I thought that way.

I just bought a DSi so my money at least will go into Nintendo's Q2 profits. If anyone is looking for DS games, Shin Megami Tensei: Devil Survivor has been my favorite game in the past few months and possibly the past year. I really recommend it to anyone, especially RPG fans.
Posted by Hanzo
Lady boy's here again doing the buffalo bill dance with the wii mote shoved between his/her legs.

After all your spouting about other companies overkilling games and rehashing old games look at what you are wanting nintendo to release the same stuff, wheres the new innovative games you bleat on about all the time?

Oh yes thats right as long as its nintendo you lap it up like the fanboy/girl you are :roll:
Posted by JuiKuen
And how much of a retarded moron are you, Hanzo? How many core games of those franchise titles has Nintendo released? And for three of them, any games at all? I'll admit they went a bit mad with the GBA F-Zero games at one point but there's been what, five Star Fox titles since 1993? Only two Pilotwings so far. Ditto for Kid Icarus. And its not like we've had a 'proper' DK game since DK 64 which was ten years ago.

Its not like fu**ing CoD or Guitar Hero etc that come out each year - the the case of GH, a gazillion versions. I'm not fan boy but I do prefer Nintendo's stuff overall and speak with some logic but f**ktards like you are too dim to see that. Nintendo don't release the core series franchise games every year, do they?

But you on the other hand, are the example of the typical 360 (maybe PS3) owner going by your comments: completely deluded and totally retarded
Posted by JuiKuen
Good rant, Monkey. See this, Hanzo?

Oh, and all those franchises I named, well they're all different genres aren't they? Overkill is indeed something on the PS3 & 360 since nearly every game involves shooting if they're not an FPS already.

Go figure retard :roll:
Posted by Hanzo
Haha anger management issues much 8)

Typical response from an early 90's fanboy, nintendo dont need you riding in on your white horse to save them do they. They seem quite happy with their less core audience now. They have moved on maybe its time you did.

Instead of being on here babbling about how cod tards or gow tards like those games which is fair enough if thats what they like, maybe you should suggest some new types of games that should be made, as you always say on here you are wanting something new and not rehashes or sequels

As I said you may want to remove that wiimote stuck between yer legs and replace it with a man/woman depending on what you like. Sounds like you havent had any action for sometime and are getting a bit frustrated :lol:
Posted by JuiKuen
I don't tolerate ********. Which you are spouting really. Deducting 'fan boy' from what I initially wrote goes to show you're indeed retarded. I was actually saying what Nintendo should do, not sticking up for them. Hence the reference to Arsenal. I wouldn't care if the videogames industry actually ended today. I just hate 360 cock boys who think they're playing god's gifts to games when they can't see its them who's playing the same shit over and over. Its easy to to try to knock Nintedo who do rely on their franchises but not like other companies who constantly do it and that their games are actually the same genre over and over. A game like Gears of War (and its sequel) is so backwards, I can't put up with people who think its the best thing out there. CoD is just the same crap year in, year out. Its nothing like getting a Mario game every year. Though I don't agree with the Mario sports titles they could used a new mascot or something) they are at least also a few years apart from each other and not the same genre styles.

You can't see that as you're a silly c*nt. I mean you've even got the delusion that I'm an "early 90's fan boy" who insists I "get no action". Nice one! Ha ha ha ha! It appears the only action you're getting is from me and that you want it as from the way you write, it looks like you've been watching me and my posts. You've actually come back here to see if I actually responded. Sad of me to but oh well.

Need a life much? :roll:

Like I said; deluded and a silly c*nt. Oh, and thanks for the action :wink:
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