in News by PE2K

Nintendo released some financial numbers, and they don’t look good:

Nintendo on Thursday reported a decrease in sales and profit for its first fiscal quarter ended in June, as its software lineup for the most recent financial period had a tough time measuring up to last year’s lineup of Super Smash Bros. Brawl, Mario Kart Wii, and Wii Fit.

Profits for the Kyoto, Japan-based company dropped 60.6 percent to ¥42.3 billion ($442.9 million), while sales dropped 40 percent to ¥253.5 billion ($2.65 billion).

Aside from a tough comparison, Nintendo said the appreciation of the yen also negatively impacted revenues.

It’s hard to name a company not going through tough times during this economy. And it could be worse, especially with news that Sony posted a loss of 37.1 billion ($391 million).

Pokemon Still Selling Well
There is some good Pokemon news in Nintendo’s report:

Regarding “Nintendo DS” software sales in the first quarter, the “Pokemon Platinum Version” sold well overseas, however, there were few popular new titles.

If there’s anything Nintendo can count on, it’s definitely Pokemon.

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