Nintendo posts financial loss for first-half of 2012, weak 3DS sales part of the problem

Wednesday, 24 October 2012 09:24 GMT By Dave Cook

Nintendo has posted its six-month financial report for 2012, revealing a loss of 27.9 billion yen / £219m. While the loss is down from the same period in 2011 – 70 billion yen / £551m – the company has also trimmed back its yearly sales projections after seeing slow uptake of its 3DS console outside of Japan.

At the start of the financial year, Nintendo posted sales projections of 20 billion yen / £157m, but it has now lowered that estimate in the report, which can be found in full here.

Nintendo’s revised projection sits at six billion yen / £47m – a significant drop that is the result of a drop in net sales of 6.8% for the half – that’s a drop in net income of 27,996 million yen.

To date Nintendo has sold some 22 million 3DS consoles, 64.45 million 3DS games, and has shifted around 97.2 million Wii units, although the company does appear to be pinning much hope on the launch and success of Wii U, which launches across Europe November 30th.

The company has also cited a dip in the Yen’s exchange rate as an issue, which it claimed has resulted in the loss of 23.2 billion yen / £181m in company value.

Can the Wii U accelerate Nintendo’s push back into profit? Let us know what you think below.