Nintendo 2010 net profit down by 66 percent

Posted on Monday, Apr 25 2011 @ 21:22 CEST by Thomas De Maesschalck
Nintendo announced its 2010 net profit was 66 percent lower than it earned last year, while revenue was down by 29 percent. Things may be looking up again though, the 3DS handheld console seems to be selling well and next year the company will introduce the Wii's successor.
Nintendo's net sales of $12.4 billion for the period ending on March 31st 2011 was 29 percent less than it tallied during the previous year, while its $825 million of net profit was also a staggering 66 percent lower than it earned last year. The 3DS has sold well so far, reaching 3.61 million transactions worldwide, but the Wii is down to 15 million global sales, which marks a 25 percent contraction from its FY2009 total of 20 million.
Source: Engadget

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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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