Nintendo does not meet expectations in third quarter

Nintendo does not meet expectations in third quarter

Japanese gaming giant Nintendo has not been able to meet analysts' expectations in the past quarter, mainly because sales for its 3DS handheld lagged behind.

Higher costs

Better news came from its newest game, Super Mario Maker for Wii U, which sold very well at 1.9 million copies already. By the end of the year, Nintendo plans to release its first smartphone game, but it will not divulge any more information about that particular game until next Tuesday.

 

Nintendo's profit dropped nearly 20 % to 3.2 billion yen (24 million euro) in the past quarter, compared to 11.5 billion yen in the first 6 months of the fiscal year. Higher costs were to blame for the profit drop as turnover grew 19 % to 204 billion yen (1.53 billion euro). Over the first six months of its fiscal year, Nintendo sold 1.2 million Wii U consoles and 2.3 million 3DS handhelds.

 

Nintendo's full-year forecast is at 570 billion yen (4.3 billion euro) turnover, although much depends on how it performs during the all important holiday season.

Questions or comments? Please feel free to contact the editors


Amazon almost ready to launch first cashierless Go

20/11/2017

According to certain sources, Amazon is currently hiring construction managers and marketers for its Amazon Go team. This move may suggest that the cashierless supermarket concept may be ready for prime time – for real this time.

Turnover for 100 largest web shops in Belgium grows 13.5 %

16/11/2017

Turnover for the top 100 web shops in Belgium grew 13.5 % from 3.7 to 4.2 billion euro. Digital sales for food items and household products have increased considerably.

Barbie rejects G.I. Joe & co (for now?)

16/11/2017

Toy giant Mattel has allegedly turned down competitor Hasbro’s bid, according to press agency Reuters’ anonymous sources close to the deal. It is still unclear what the repercussions would be.

Henkel increases full-year turnover forecast

15/11/2017

For the first time ever, Henkel will pass the fifteen billion euro turnover milestone for the first nine months of the year. The company will also increase its turnover and profit forecast on the back of these excellent performances.

Singles' Day alters the global retail calendar, even here

14/11/2017

Move aside Christmas turnover, Singles’ Day is the world’s largest shopping holiday – by far. Alibaba generated a 22 billion euro turnover in a single day and even Bol.com took advantage of the day. Are we heading to a new retail calendar?

Avoid long waiting lines at cash registers thanks to Google Maps?

13/11/2017

Google will add a new option to its Maps app on 23 November: users will then be able to assess how much time they will lose at the cash register.

Back to top