Posted on Thursday, July 30 2009 @ 14:59 CEST by Thomas De Maesschalck
Nintendo saw its net profit decline by 60.6 percent as demand for its Wii and DS consoles fell sharply in the second quarter of this year. Sales of the Nintendo Wii fell for the first time since the console's launch in 2006, the company sold 2.23 million units last quarter, compared to 5.17 million a year ago. Demand for the handheld DS console also slowed down to 5.97 million units from 6.94 million. Nintendo blames a lack of blockbuster games and the economy for the downfall in sales.
The lineup of Nintendo’s game titles has weakened from last year, when “Mario Kart” and “Wii Fit” were introduced, Shiraishi said.
“I don’t think we need to rush to develop new hardware after the Wii and DS,” Nintendo President Satoru Iwata told reporters in Osaka. “We can meet our fiscal-year targets with big game titles coming later in the year,” including “Wii Sports Resort” in the U.S. and “New Super Mario Bros. Wii,” he said.
More info
at Bloomberg.
