Feeds

Nintendo H1 profits halved as GameCube demand declines

Market transitioning to next-generation consoles

Internet Security Threat Report 2014

Nintendo saw its profits plunge 51 per cent during the first half of its current fiscal year as sales slid on falling demand for its ageing GameCube console.

"The market for the current generation of console hardware is becoming saturated and is approaching a transitional phase to next-generation consoles," the company warned. Its own next-gen machine, Revolution, is not expected to ship until the end of the fiscal year, in March 2006, at the earliest.

The six months from April to September 2005 yielded sales of ¥176.4bn ($1.49bn), down 6.2 per cent on the ¥188bn ($1.58bn) Nintendo reported this time last year. Still, the H1 FY2007 figure remains narrowly ahead of the company's forecast of ¥175m ($1.47bn).

Net income fell year on year, to ¥36.63bn ($308.57m) from ¥46.45bn ($391.29m), again just above Nintendo's forecast, which was ¥36bn ($303.26m).

However, Nintendo failed to meet its operating profit forecast, just missing the ¥20bn ($168.48m) target with a final figure of ¥19.6bn ($165.11m).

Looking ahead, Nintendo said it expects to post a full-year net profit of ¥75bn ($631.79m), down 14.1 per cent on FY2005's total, ¥87.4bn ($736.25m). It anticipates annual sales of ¥500bn ($4.21bn). ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.