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Nintendo revenue decreased 8 percent

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Staff writer ▼ | January 30, 2014
Nintendo reported its financial earnings for the nine months ended December 31, 2013. The company posted revenue during the period of 499.1 billion yen ($4.8 billion), an 8 percent decline compared to the previous year.
Nintendo
NintendoNintendo reported its financial earnings for the nine months ended December 31, 2013. The company posted revenue during the period of 499.1 billion yen ($4.8 billion), an 8 percent decline compared to the previous year.


Nintendo posted a profit during the period of 10.2 billion yen ($99.6 million), down 30 percent compared to the same period in the prior year. Nintendo said "still has a negative impact on Nintendo's profits, owning mainly to its markdown in the US and Europe and software of software, which has high profit margins, did not grow sufficiently."

Nintendo sold 2.4 million Wii U units during the period, bringing its grand total to 5.9 million worldwide. During the same period in 2012, Wii U hardware sales hit 3.1 million units. Nintendo's other hardware also has faced some trouble, with the 3DS family of devices seeing its sales drop during the year, along with the Wii and DS.

The company expects to sell 400,000 Wii U units worldwide during the first quarter of 2014.


 

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