Slumping Nintendo, Ds lite product sales reach Nintendo's net income
Slumping Nintendo, Ds lite product sales reach Nintendo's net income
Nintendo has endured a remarkably difficult half a year.
The overall game company lost 2.01 billion yen, or about $24.6 million, over the 6 months ended on September 30. While in the same period last year, it generated real money up to approximately 69.5 billion yen. Revenue for your six-month period just ended was over 363 billion yen, representing a steep decline from the 548 billion yen revenue Nintendo posted during the same period in '09.
Although sales are slumping, Nintendo declared that an essential cause for the steep decline included in the financials are usually related to the strength of the yen. According to The Wall Street Journal, the currency's appreciation during the last year has helped slice about 28.1 billion yen from the revenue.
Although the Wii as well as the DS aren't helping matters either. Nintendo says it sold 6.69 million DS units in the six-month period just ended. Throughout the same span in '09, it sold 11.7 million DS units around the globe. The business shipped 4.97 million Wii units between April and September, down with the 5.75 million Wii consoles it shipped recently.
Nintendo's DS software sales declined from 71.15 million units last season to 54.84 million units this holiday season. To the Wii side, you're able to send software sales dropped from 76.21 million software units to 65.21 million units.
Although Wii and DS remain leaders of their respective markets, the declining sales should be an important concern for Nintendo. Of course, inside console space, the Xbox 360 is enjoying strong sales. NPD reported earlier this year that up to now this season, Xbox 360 console sales are up 34 percent as compared to 2009. September was the console's "best month of unit sales," while the Wii and Sony's Ps3 saw sales decline annually.
Within the mobile side, Nintendo has little to be concerned about, no less than in regard to Sony's slumping PSP. But mobile games are quickly becoming worrisome. Inside of a recent interview with Forbes, Nintendo of America president Reggie Fils-Aime asserted he believes Apple can hurt Nintendo greater than Microsoft "soon."
He could be right. In line with Flurry Analytics, Apple's iOS market share inside mobile-gaming space towards the end of 2008 was just 5 percent. From the end of 2009, Apple's market share grew to 19 percent. Covering the same period, Nintendo's share declined from 75 percent in 2008 to 70 percent in 2009.
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