Feeds

Nintendo's Q3 income falls 43%

Not selling enough GameCubes and DS games

  • alert
  • submit to reddit

Intelligent flash storage arrays

Nintendo's earnings slumped during the Christmas quarter, the videogame pioneer revealed today, despite a small year-on-year increase in sales.

For the three months to 31 December - Nintendo's third quarter of FY2005 - the company's sales reached ¥231.4bn ($2.22bn), up 1.4 per cent on the year-ago quarter's figure, ¥228.2bn ($2.19bn).

However, net income fell over 43 per cent from the ¥37.4bn ($359.3m) reported this time last year to ¥21.3bn ($204.6m), a figure calculated by subtracting the company's published first-half earnings from the nine-month total it reported today.

Nintendo blamed the decline on slow sales of its Nintendo DS titles, falling demand for the ageing GameCube and the strength of the yen over the US dollar.

DS software may be proving hard to shift but the handheld console itself has proved something of a success. Nintendo said it had shipped 2.84m of the machines to the US and Japan since its late November launch. It also upped its forecast for the number of units it will have shipped by 31 March, the end of its current fiscal year, from 5m to 6m.

However, it now expects to ship 10m copies of DS games by the same date - well down on the 15m it forecast in November 2004. To date it has shipped 5.01m copies, Nintendo said. In the first nine months of FY2005, it shipped 72.6m GameBoy Advance SP titles, up from 61.5m this time last year. GBA unit shipments were up too: from 13.2m last year to 13.6m.

However, GameCube shipments slumped. Some 3.5m consoles shipped in the nine months to 31 December 2004, down 20 per cent on the same period last year. Analysts attribute the decline to a lack of popular games.

Nintendo said it now expects to sell 4m GameCubes in the year to 31 March, down from its previous forecast of 4.5m units.

It also cut is full-year income forecast to ¥70bn ($672.5m) from ¥90bn ($864.6m), a reduction of just over 22 per cent, and its sales forecast from ¥540bn ($5.19bn) down 3.7 per cent to ¥520bn ($5bn). ®

Related stories

Sony PSP outships Nintendo DS
Electronic Arts' sales, profits slide
Sony PSP ship total hits 800,000
'EA leak' yields late 2005 Xbox 2 ship date
Nintendo sets DS date down under
Nintendo ships 2m DS consoles worldwide
Nintendo preps DS media module
Nintendo lauds 500,000 first-week DS sales
Nintendo to spill Euro DS plans in January

Secure remote control for conventional and virtual desktops

More from The Register

next story
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.