Posted July 28, 2016
despite pokemon go's succes the first financial quarter ( the financial year ends in march ) is mostly doom and gloom for nintendo with pretty much everything down
they even warn investors that although pokemon go is a massive succes nintendo only owns 32% in the pokemon company
>>While Nintendo tried to temper expectations and the impact of augmented reality game Pokémon Go ahead of its financial results, its latest quarterly earnings still make for surprisingly bad reading. Compared to the same quarter last year, Nintendo saw net sales drop 31 percent from ¥90 billion (£651 million, $853 million) to ¥62 billion (£448 million, $587 million) with an operating loss of ¥5.1 billion (£37 million, $48 million).
While the company blames "foreign exchange rates" and "significant yen appreciation" for the loss, the reality is that hardware and software were down across the board, and software growth has been minimal. Nintendo sold 220,000 Wii U consoles, a 53 percent decrease year-on-year, bringing the total number of consoles sold to just over 13 million. Wii U software sales rose a mere three percent to 4.7 million units.
Meanwhile, 3DS hardware sales dropped seven percent to 940,000 units, but software fared a little better, rising seven percent to 8.5 million units off the back of games like Kirby: Planet Robobot and Fire Emblem Fates: Birthright/Conquest. Even Amiibo sales, which have been a bright spot for the company of late, remained flat due to "a lack of new titles that are compatible with Amiibo." Sales of downloadable games and content were also down year-on-year.
That no single game in Nintendo's library sold over a million units in the past three months highlights just how badly poor Wii U sales have affected the company's primary income stream. And while the 3DS remains the most popular handheld console, it's beginning to look tired after five years on the market.<<
whatever nintendo plans to do with the NX they better do it fast
and after reading this consolidating the console market and the handheld market in to one system might not be a bad idea after all
the 3DS is starting to show its age and it wasnt all that new to begin with in 2011
and the wiiU is just dead in the water
the rest of the article can be found here
http://arstechnica.com/gaming/2016/07/nintendo-suffers-huge-first-quarter-loss-as-wii-u-and-3ds-sales-tumble/
and a kotaku ( yeah yeah ) opinion piece on the perceived lack of games on the wii U
no matter how you try to spin it nintendo seems to be willing to let the wii U die
http://kotaku.com/the-wii-u-has-no-games-a-study-1784419013
they even warn investors that although pokemon go is a massive succes nintendo only owns 32% in the pokemon company
>>While Nintendo tried to temper expectations and the impact of augmented reality game Pokémon Go ahead of its financial results, its latest quarterly earnings still make for surprisingly bad reading. Compared to the same quarter last year, Nintendo saw net sales drop 31 percent from ¥90 billion (£651 million, $853 million) to ¥62 billion (£448 million, $587 million) with an operating loss of ¥5.1 billion (£37 million, $48 million).
While the company blames "foreign exchange rates" and "significant yen appreciation" for the loss, the reality is that hardware and software were down across the board, and software growth has been minimal. Nintendo sold 220,000 Wii U consoles, a 53 percent decrease year-on-year, bringing the total number of consoles sold to just over 13 million. Wii U software sales rose a mere three percent to 4.7 million units.
Meanwhile, 3DS hardware sales dropped seven percent to 940,000 units, but software fared a little better, rising seven percent to 8.5 million units off the back of games like Kirby: Planet Robobot and Fire Emblem Fates: Birthright/Conquest. Even Amiibo sales, which have been a bright spot for the company of late, remained flat due to "a lack of new titles that are compatible with Amiibo." Sales of downloadable games and content were also down year-on-year.
That no single game in Nintendo's library sold over a million units in the past three months highlights just how badly poor Wii U sales have affected the company's primary income stream. And while the 3DS remains the most popular handheld console, it's beginning to look tired after five years on the market.<<
whatever nintendo plans to do with the NX they better do it fast
and after reading this consolidating the console market and the handheld market in to one system might not be a bad idea after all
the 3DS is starting to show its age and it wasnt all that new to begin with in 2011
and the wiiU is just dead in the water
the rest of the article can be found here
http://arstechnica.com/gaming/2016/07/nintendo-suffers-huge-first-quarter-loss-as-wii-u-and-3ds-sales-tumble/
and a kotaku ( yeah yeah ) opinion piece on the perceived lack of games on the wii U
no matter how you try to spin it nintendo seems to be willing to let the wii U die
http://kotaku.com/the-wii-u-has-no-games-a-study-1784419013
Post edited July 28, 2016 by snowkatt