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Nintendo’s six months ending September 30 saw the company suffer a 35 percent drop in revenue and a 59 percent cut in profit.
Revenue fell from to 548.06 billion yen from 836.88 billion in the same period last year.
Operating profit was down from 252.18 billion yen in the first half of 2008 to 104.36 billion yen this year.
The company is now forecasting 1.5 trillion yen sales for its March year-end. Projected Wii sales have been moved down to 20 million units from 26 million, with Wii software now expected to be 180 million, down from 220 million.
The full-year DS hardware estimate has remained the same at 30 million, but DS software sales are now expected to be 150 million, not 180 million.
Get the full thing here.
Viewing 15 responses
Madlink said:
Come on Nintendo, sounds like price cut time to me!
Blerk said:
Ouch, that’s quite a drop!
Still, over a billion dollars in profit will probably keep them ticking over. Might have to fill one of the money pits back up with water, but there you go. Times are hard.
Gekidami said:
There already was a Wii price cut Madlink and it dosnt look like its helped much.
I think the Wii’s novelty is wearing off now, people are probably starting to look at the games rather then the Wiimote. What i’d really like to see is some trade in figures for the Wii, i’m betting they’re pretty high.
Patrick Garratt said:
Updated it with more on the projection cuts.
JonFE said:
No wonder Nintendo announced the bigger screen DSi and the black Wii; expect news for a Wii HD soon (E3?)
Madlink said:
@ Gekidami
I think we need a price cut of significant value though. In the UK, all they’ve really done since launch is add Wii Sports Resort to the bundle.
The price increased for a while over here to £200, then dropped to the £180 it cost at launch.
If they can get it down to £129.99 (and they can, god knows it can’t cost much to make and ship a Wii now) they would see another big wave of consumers.
As for the novelty wearing off, I sort of agree with you…sort of. There has been a serious lack in quality games for the Wii so far and this will indeed have to led to many users simply ignoring their Wii.
However, I don’t think the central concept of using the Wii remote in various ways has worn off yet. I personally still see some life in the controls.
And as for trade in figures, I have no idea. I currently work for a games retailer and (now this is obviously by no means me trying to say this is the norm) we probably get more Xbox 360 consoles traded in than Wii consoles.
But even then I’d wager half of the people who traded in their 360s, then upgraded to a better version of the 360.
justiceblob said:
Sounds like the Nintendo bubble is beginning to burst, and I cant see much helping it now. Before I say this I just want to clarify I am not a hater, nor a fanboy (I had a Wii but traded it in), but the public has got bored of the Wii, and I cant see Wii HD helping that…..
Blerk said:
I agree – the public has gotten so bored of the Wii that it’s now just easily outselling the competition rather than ridiculously outselling the competition.
Psychotext said:
That all said…
$1.15bn profit. Meaty.
Madlink said:
@ Blerk
This is true…
pracer said:
I also have to wonder how many people are out there that are interested in buying a Wii? I mean at some point don’t you reach full market potential? Or at least begin to slow down as you get closer to that magical glass roof?
Blerk said:
The DS doesn’t appear to have reached full market potential yet and that’s sold twice as many units.
pracer said:
But I think there is a very different market between the two systems. Plus a family only needs one Wii. A family with three kids could own three DS systems. Just saying.
Uncontested said:
Everyones figured out that the Wii is a gimmick and everyone who bought it for Wii Sports already has it.
Psychotext said:
Repeating myself… but it still outsells every other home console.