Nintendo's slow and arduous journey back to financial prosperity
continued today with the release of its latest financial results. The
company posted a second consecutive quarterly profit in its financial
Q3, which counts sales from September through to December. Revenue was
271 billion yen (roughly $2.3 billion), generating a profit of 31.8
billion yen (around $270 million). A large part of the company's profits
can be attributed to a weak yen, which dramatically increases the value
of North American and European sales when converted to Japanese
currency. Though the figures are generally pretty healthy, it's worth
noting revenue for the holiday quarter dropped by around 13 percent
year-over-year, something that will have a serious knock-on effect on
the company's finances for the financial year.
Why the slide? Well, Wii U sales were down slightly yearly -- 1.91 million consoles versus 1.95 million the year earlier -- but this drop was easily offset by software gains. Nintendo moved 11.2 million Wii U games in Q3, its best results since the console launched in 2012. Key to this success was Super Smash Bros. for Wii U, which sold around 3.4 million copies since late November. So for once, it's not the Wii U's fault. No, instead, the under-performer this quarter was the 3DS family of handheld consoles.
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Why the slide? Well, Wii U sales were down slightly yearly -- 1.91 million consoles versus 1.95 million the year earlier -- but this drop was easily offset by software gains. Nintendo moved 11.2 million Wii U games in Q3, its best results since the console launched in 2012. Key to this success was Super Smash Bros. for Wii U, which sold around 3.4 million copies since late November. So for once, it's not the Wii U's fault. No, instead, the under-performer this quarter was the 3DS family of handheld consoles.
Read more at Click Here / www.trade4x.net
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