Feeds

Nintendo cuts full-year forecast – by BILLIONS

Super Mario-maker hopes Wii U release can help it power-up

3 Big data security analytics techniques

The mighty yen and weak sales have combined to take a whack out of Nintendo, forcing the Japanese gaming firm to forecast an even bigger full-year loss.

MARIO_POWER_UP

The Wii and 3DS maker had previously estimated a net loss for the financial year ending in March of ¥20 billion (£164.2m), but it's now preparing itself to lose up to a whopping ¥65 billion (£533.9m).

Nintendo's once-groundbreaking Wii has been overtaken by motion-additions to Sony's PlayStation and Microsoft's Xbox, and is showing its age. Meanwhile, the new iteration of its handheld console, the 3DS, has failed to ignite the market.

The Japanese firm cut its sales forecast of the Wii for the year to 10 million from 12 million and now reckons it will sell 14 million 3DS devices instead of 16 million – despite a "significant price revision" in August intending to shift more of the handhelds.

"We had higher expectations for the year-end season, but failed to meet them," President Satoru Iwata told media in Osaka.

The Japanese firm's net income for the October to December period was ¥21.9bn (£179.9m).

However, the company that brought the world the Super Mario brothers is not planning to be left behind for long. Iwata said that the new version of its Wii, the Wii U, would be going on sale in Japan, the US, Europe and Australia in the year end season.

Nintendo will be hoping that the U can raise its flagging fortunes, but the console won't be able to do anything about the strong yen or consumer reluctance to shop in the face of a possible double-dip recession. The firm is also facing competition in new places, such as fondleslab and smartphone gaming. ®

SANS - Survey on application security programs

More from The Register

next story
Leaked pics show EMBIGGENED iPhone 6 screen
Fat-fingered fanbois rejoice over Chinternet snaps
Oh no, Joe: WinPhone users already griping over 8.1 mega-update
Hang on. Which bit of Developer Preview don't you understand?
Microsoft lobs pre-release Windows Phone 8.1 at devs who dare
App makers can load it before anyone else, but if they do they're stuck with it
True optical zoom coming to HTC smartphone cameras
Time to ditch that heavy DSLR? Maybe in a year, year and a half
Rounded corners? Pah! Amazon's '3D phone has eye-tracking tech'
Now THAT'S what we call a proper new feature
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
US mobile firms cave on kill switch, agree to install anti-theft code
Slow and kludgy rollout will protect corporate profits
Sony battery recall as VAIO goes out with a bang, not a whimper
The perils of having Panasonic as a partner
Leaked photos may indicate slimmer next-generation iPad
Will iPad Air evolve into iPad Helium?
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.