Nintendo Wii sales drop 43 percent

Posted on Thursday, Oct 29 2009 @ 18:14 CET by Thomas De Maesschalck
It seems there has finally come an end to the Wiiphory. Nintendo saw its first-half net profit dive by 52 percent, while sales were hit 34.5 percent. Sales of the Wii console amounted to 5.75 million units, down 43 percent, while DS sales dipped 15 percent to 11.7 million units. The company mainly blames a lack of blockbuster games for its woes.
Net income for the April-through-September-period totaled 69.5 billion yen ($767.8 million), or 543.4 yen a share, down from 144.83 billion yen, or 1,132.5 yen a share, earned in the same period a year earlier.

The earnings came up shy of Nintendo's earlier six-month profit forecast of 100 billion yen. Six-month sales totaled 548.06 billion yen, down 34.5% from the 836.88 billion yen generated a year earlier.
Source: MarketWatch

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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