Nintendo performs less than expected

Hoping for the upcoming year

By Grayshadow, Posted 24 Apr 2013

Nintendo’s profits were also less than expected, making about ¥7 billion or $71 million Nintendo was expected to bring in ¥ 14 billion. This is however a large change from the ¥43 billion loss posted for the previous fiscal year. The company predicts that they will accumulate ¥55 billion in profit for the next fiscal year.

According to a financial statement Nintendo stated that the console failed to “maintain the initial sales momentum” due to the delays of subsequent games. The Wii U sold 2.15 million units, however the system “was not able to maintain the initial sales momentum after the beginning of 2013 due to the delay in the development of subsequent software titles”. The Wii U shipped 3.45 million units worldwide as of March 3. The company is seeking to resolve this issue by the second half of this year and throughout next year by releasing key Nintendo titles. Nintendo is hoping that this will help the Wii U attain 9 million shipping figures by next fiscal year.

While the Wii U is suffering the Nintendo 3DS still sells at a alarming rate with 31.09 million, that’s over a million from the previous quarter. The Wii out performed the Wii U in the last quarter, shipping 70,000 units more at 460,000.

Nintendo’s software has seen a steady rise. Over 13.42 million Wii U games have been shipped with Nintendo Land at 2.6 million being the best performer and followed by New Super Mario Bros. U at 2.1 million.

The Nintendo 3DS figures are up to 95.03 million. The top selling games for the popular handheld are New Super Mario Bros. 2 at 6.42 million sold. Super Mario Land 3D and Mario Kart 7 are both over the 8 million mark. Paper Mario: Sticker Star is up to 1.97 million and Luigi’s Mansion: Dark Moon, which was released towards the end of Nintendo’s fiscal year, is at 1.22 million. Animal Crossing: New Leaf has sold 3 million units in Japan and established itself as the leading platform in Japan. However sales of New Super Mario Bros. 2, Paper Mario: Sticker Star, and Mario Kart 7 were poor in oversea markets. In order to achieve the same success in Japan within other markets Nintendo is hoping that key Nintendo titles such as Animal Crossing: New Leaf and Pokemon X and Y will achieve more sales in other markets while they continue to support Japanese developers and maintain dominance within Japan.

Those who want the entire data regarding Nintendo’s fiscal year simply click the link below. 

Will Nintendo Survive the next cycle?

Source: Nintendo

Adam Siddiqui
, NoobFeed
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General Information

Platform(s): WII
Publisher(s): Nintendo
Developer(s): Nintendo
Genres: Puzzle
Themes: Party
Release Date: 2012-11-18

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