Nintendo’s quarterly profits just fell 66 percent

– July 30, 2009Posted in: General, Headline, Nintendo, Video Games, Wii
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wiiii Nintendo’s quarterly profits just fell 66 percent

We’re gonna need another cliché to describe the Nintendo Wii. It seems the little system isn’t as much of a money-printing machine as it once was, with Nintendo’s profits down 66 percent (!) from the same quarter last year. Now, the video game industry is a little weird because in no single quarter are you guaranteed to have a hit game. There’s no law that says a new Mario or Zelda has to come out every May.

Still, it’s not what you want to see. Combine the slowing sales of the Wii with a strengthening Yen, and you’re staring in the face of a bad quater.

Last year, Q1 came in at ¥119.2 billion. This year, said number is ¥40.4 billion.

Oh, and don’t forget the iPhone. That little home wrecker has the potential to upset the DSi’s little apple cart.

Nintendo’s quarterly profits just fell 66 percent

Nintendo’s quarterly profits just fell 66 percent

Nintendo’s quarterly profits just fell 66 percent Nintendo’s quarterly profits just fell 66 percent Nintendo’s quarterly profits just fell 66 percent

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