Nintendo reports red figures

We already knew it was coming, but Nintendo today reported reduced losses for its first financial quarter. Sales went up quite a lot actually.

In keeping with previous forecasts made in April 2012, Nintendo Co., Ltd. today reported reduced losses for its first financial quarter, ended June 30, 2012. No revisions were made to the previously announced annual financial or unit sales forecasts.

Top-line results for the quarter as compared to a year ago were as follows (in millions of yen):

	Net Sales	Operating Income	Ordinary Income	Net Income
FY 3/2013	84,813	-10,331	-29,781	-17,231
FY 3/2012	93,928	-37,712	-42,551	-25,516

Compared to the quarter a year earlier, global sales of Nintendo 3DS handheld game hardware increased 162%, while Nintendo 3DS software rose 63%. In addition, the company announced that as of July 25, 2012, it was no longer selling Nintendo 3DS hardware below manufacturing costs.

Global unit sales, including lifetime totals, were as follows (millions of units):

		FY 3/2013	LTD
Nintendo DS	Hardware	0.54	152.05
	Software*	8.48	908.79
Nintendo 3DS	Hardware	1.86	19
	Software*	7.39	52.81
Wii	Hardware	0.71	96.56
	Software*	8.47	826.93

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FacebookPosted on 25-07-2012 by Dennis

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