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Nintendo Q1 Profit Dives 60.6 Per Cent

Tom Ivan's picture

By Tom Ivan

July 30, 2009

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Nintendo has reported heavy profit and revenue declines for the first quarter ended June 30.

Net income, or profit, fell 60.6 per cent to 42.3 billion yen ($445m/£270.8m), while revenue declined by 40 percent to 253.4 billion yen ($2.7b/£1.62b)

Operating profit was down 66 per cent to 40.4 billion yen ($425m/£358.7m).

Wii hardware sales totaled 2.23 million units during the quarter, down from 5.17 million during the first quarter of last year. Lifetime Wii sales now stand at 52.62 million.

Quarterly Wii software sales were 31.07 million, down from 40.41 in Q1 last year.

DS sales hit 5.97 million units during the quarter, compared to 6.94 million a year earlier. Lifetime DS sales now total 107.75 million.

Quarterly DS software sales were 29.09 million units, down from 36.59 million a year earlier.

Nintendo said it expects to hit its full-year sales forecast of 26 million Wii consoles and 30 million DS units.

The company reiterated its previous guidance for operating profit to fall 12 per cent to 490 billion yen ($5.15b/£3.14b) in the full business year ending March 2010.

Barla Von's picture
On July 31st Barla Von said:

All three firms Sony, Microsoft and Nintendo are losing profits. Anyone who said the games industry is recession proof is an idiot. All three systems are overpriced and thus is reflected in such drop in profits.

Indrema's picture
On July 30th Indrema said:

I guess everyone couldn't buy Wii Fit forever. Eventually, everyone owns Wii Fit. What Nintendo needs is a good complimentary game - like Wii Fat.

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It sounds like a joke, and it's supposed to be funny, but this tactic isn't below Nintendo by any means. They consistently release titles with nothing more than color variations, and it always works.

Duncan_Stewart's picture
On July 30th Duncan_Stewart said:

Thats Sony and Nintendo having posted terrible financial figures - what of Microsoft?

Kenology's picture
On July 30th Kenology said:

Microsoft already posted theirs a couple weeks ago. MS lost money, Sony lost lots of money, Nintendo made lots of money just not as much as they usually do.

NickgamertagO1's picture
On July 30th NickgamertagO1 said:

It's funny you put it that way because it's true, but that's not how it appears in the headlines. A 60% drop in sales is substantial though even if it is still a profit especially if drops continue. We couldn't honestly expect super-human numbers forever could we? Let's see if it tapers off to just really good numbers, instead of godly.

Ozzman_79's picture
On July 31st Ozzman_79 said:

Agreed. Anyone who expected Q1 2008 numbers for the rest of the Wiis existence is quite dillusional. Q1 2008 had Wii Fit, Mario Kart and Super Smash Bros. Brawl all being released, or just recently released. You'll never be able to match that lineup quarter after quarter. Nintendo selling 60% less is, exactly as you put it, really good numbers.

Geez, that quarter was hard on my wallet.