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Nintendo profits plummet in Q1 as Wii comes off boil

Thursday, 30th July 2009 10:05 GMT By Patrick Garratt

nintendologo

Nintendo’s just released a nasty set of Q1 financials, showing a 40.1 percent drop in overall sales and a 60.6 percent drop in profits for the three months ending June 30.

Net income was down to ¥42 billion compared to ¥107 billion in Q1 2009. Sales fell to ¥253 billion from ¥423 billion a year ago.

Wii sales crashed from 5.17 million units in the first quarter last year to 2.23 million this year.

DS sales fell from 6.94 million to 5.97 million year-on-year. DSi made up 3.65 million of the total figure.

Get the full release here.

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34 Comments

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  1. G1GAHURTZ

    It’s official! The Wii is a fad!

    #1 5 years ago
  2. Psychotext

    Pud will be doing a little jig right now

    /schadenfreude shuffle

    Of course, even with the drop they’re still crushing the competition.

    #2 5 years ago
  3. Robster1979

    SONY Q1 1.1m units
    Nintendo Q1 223k units

    Eh? These must be for different regions surely?
    Either that or they have different year ends with Sony being 31/12 (Crimbo) and Nintendo 31/03.

    I was in the pub last night till 2 so I could be missing something very simple

    #3 5 years ago
  4. Blerk

    If Nintendo are feeling the pinch, what chance does everyone else have?

    #4 5 years ago
  5. Patrick Garratt

    Is it global. If you look at the full thing, it breaks the sales down by territory on page nine. Basically, Wii and DS sales have almost stopped in Japan.

    #5 5 years ago
  6. Prof Power Glove

    So this story after the Sony sales crash story – but what about Microsoft?

    #6 5 years ago
  7. G1GAHURTZ

    iPhone is the future of gaming!

    #7 5 years ago
  8. Robster1979

    Bubblewrap and Paper thingy (were you throw it in the basket with the fan on)

    AWESOME FUN! and FREE!

    #8 5 years ago
  9. Psychotext

    You’re reading the financials incorrectly Pat (I don’t blame you, they’re a nightmare, worst in the business).

    The shipments are in 10s of thousands. So…

    Wii = 223 x 10000 = 2.23m
    DS = 597 x 10000 = 5.97m

    #9 5 years ago
  10. Patrick Garratt

    Fuck’s sake. That was a bit obvious. Thanks.

    #10 5 years ago
  11. Patrick Garratt

    There.

    #11 5 years ago
  12. Robster1979

    That would make more sense

    I cant access Nintendo’s site at work but 2.23m Wii’s v 1.1m PS3′s sounds more like it.

    #12 5 years ago
  13. Psychotext

    Yeah, I really, really hate how Nintendo presents their figures. All over the place.

    #13 5 years ago
  14. Blerk

    Blimey, Wii sales really fell apart comparatively speaking. If they weren’t still kicking the shit out of everyone else they might actually be concerned.

    #14 5 years ago
  15. deftangel

    I’m not surprised Wii sales have declined, I’m surprised Nintendo haven’t yet and don’t appear to be doing anything about it.

    Wii Sports Resort is going to sell tons but surely it’s ability to push hardware is only incrementally higher than the original Wii Sports.

    Wii+ / WiiHD next year earlier than planned?

    #15 5 years ago
  16. Psychotext

    “Wii+ / WiiHD next year earlier than planned?”

    The only reason they’d do it so early is if they wanted to maintain their sales advantage… so maybe. No real need to until the Wii drops to PS3 / 360 sales levels though.

    #16 5 years ago
  17. Patrick Garratt

    Sorry about that. Too much crack this morning.

    #17 5 years ago
  18. Hero of Canton

    While DS has only had a relatively small drop, I’ll be interested to see its momentum in the next two quarters given the rise of the iPhone as a genuine gaming alternative. I don’t think the PSPGo will impact DS sales, but Apple’s device might.

    #18 5 years ago
  19. Hero of Canton

    The other thing to note is that Nintendo is still making a profit on every Wii sold. While its profits have been seriously hit, it won’t be panic stations just yet. And everyone’s feeling the pinch at the moment. What will probably be of greater concern is that Nintendo hasn’t really found the new Wii Fit or Brain Training yet. Everything since has failed to recapture that kind of impact – Wii Music didn’t do it, and Animal Crossing Wii was far less popular than the DS version. The previous year, Wii Fit was boosting Wii sales to artificially high figures, hence the vast difference.

    #19 5 years ago
  20. Psychotext

    “Sorry about that. Too much crack this morning.”

    Enough about your sex life already.

    #20 5 years ago
  21. Patrick Garratt

    :(

    #21 5 years ago
  22. Tonka

    “Yeah, I really, really hate how Nintendo presents their figures. All over the place.”

    Could be that you are just an uneducated westener demanding that the entire world do things your way.

    I know that the chinese have a unit that is 10 000. So for them saying twohundredthousand is as conusing as them saying twentytenthousands to us. Since the Japanese have stolen most of their language and culture from China there might be a possablility that they also do things in tens of thousands.

    #22 5 years ago
  23. Psychotext

    It was more their entire financial report than just that one figure. There’s a world of difference between theirs and Sony’s for instance.

    #23 5 years ago
  24. Blerk

    For sure! One has a lot of minuses in it, for a start. :-D

    #24 5 years ago
  25. Psychotext

    Heyoooooooooo!

    (How exactly are you supposed to spell that? :P )

    #25 5 years ago
  26. theevilaires

    G1GAHURTZ said: iPhone is the future of gaming!

    don’t joke around like that :P

    #26 5 years ago
  27. No_PUDding

    Can I still do that jig I was meant to do? xD

    #27 5 years ago
  28. Psychotext

    Knock yourself out. Wouldn’t want to miss out on a Pud victory dance.

    #28 5 years ago
  29. No_PUDding

    http://www.youtube.com/watch?v=A9KXkDMEPag

    #29 5 years ago
  30. No_PUDding

    Chose the video that didn’t make the songs subtext vague.

    xD

    It was difficult choice between this and Chaka Demus and Pliers.

    #30 5 years ago
  31. Psychotext

    What the hell at that vid. lol

    #31 5 years ago
  32. No_PUDding

    Pat called me gay a while ago, so I endorsed it with this video.

    And I would have let it die, but I like it when people reference old conversations…

    #32 5 years ago
  33. Psychotext

    Fruity.

    #33 5 years ago
  34. No_PUDding

    Extremely.

    #34 5 years ago