Tag Archives: nintendo financials

Nintendo has said it hopes to sell 5.5 million Wii U consoles and 24 million units of software for the new console by March 31.

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Nintendo detailed hardware units sales for the European and US markets in its first-half investor briefing this week, noting that PS3 has been the best-selling console in Europe for most of 2011. In the US, 360 is still king.

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Nintendo may be on the verge of warning of a drop in profits and revenue for the first time in six years, according to this Bloomberg piece.

Net income will probably fall 11 percent to 249.3 billion yen ($2.7 billion) this fiscal year, the first drop since the 12 months ended March 2004, according to the median of 10 analyst estimates compiled since the company cut Wii’s price on September 24.

Nintendo is scheduled to report earnings on October 29.

“Nintendo may cut its profit projection about 30 percent because of sluggish sales in the first half, the price cut for the Wii and currency-related impact,” said Satoru Kikuchi, an analyst at Deutsche Bank AG in Tokyo.

“Investors are expecting the company to fully reflect its business environment in its forecast.”

Whoops. Lots more through there.