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Submitted by JustinWeinblatt 1033d ago | news

Nintendo Posts Q3 Financial Results, Turns Profitable For The Year

Nintendo has posted their third quarter results for the fiscal year. After losing $300 million dollars over the first two quarters of the year, Nintendo has posted a $160 million dollar profit for the fiscal year to date. Nintendo has issued sales figures for their consoles, and several of their popular titles. Read on for all of the gory details. (3DS, Industry, Nintendo, Nintendo DS, Wii, Wii U)

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CouldHaveYelledUiiW  +   1033d ago
The optimal but not horrible- hardly sounds like they are a company about to go bankrupt.
CouldHaveYelledUiiW  +   1033d ago
^ * NOT The optimal but not horrible- hardly sounds like they are a company about to go bankrupt.

was too late to use edit.
Spookshow  +   1033d ago
Turned 300 million usd loss into a 160 mill usd profit in one year?

Ninty's up and running.
zerocrossing  +   1033d ago
I can't wait to see the spin people will put on this.
JustinWeinblatt  +   1032d ago
Eh, before you get too hyped, keep in mind that this was somewhat expected. The holiday season is the biggest part of the year for Nintendo, and, unlike last year, they weren't taking a hit on each 3DS sold. Overall, the news was kind of mixed. The 3DS is doing fairly well, but still not as well as Nintendo projected. The Wii U is also below projections.

In a nutshell, the company is making money, which is good, but the fact that sales aren't meeting expectations is still troubling.

The 3DS should have a huge year with Pokemon, Brain Age, Animal Crossing, Fire Emblem, and whatever Ninty has planned for the holidays. The Wii U is a bit of an iffier proposition. How well Wii Fit U sells will be a big indicator of whether or not the fans of the Wii can still be counted on.

Of course, the PS4 and next X-Box are on the horizon. I'm not saying that these will necessarily hurt the Wii U. I think the Wii U can compete or ever surpass these consoles, but Nintendo really needs to better explain the Wii U (ie. put out some hardware that better demonstrates dual screen gameplay) to do so.
TongkatAli  +   1033d ago
medziarz  +   1032d ago
No it doesn't, stop gloryfying Nintendo,

they've announced they are planning a $200M LOSS for this fiscal year (ends with march), the company is facing another annual loss
#4 (Edited 1032d ago ) | Agree(0) | Disagree(1) | Report | Reply
JustinWeinblatt  +   1032d ago
No. No no no no no no. Nintendo is not planning a 200 million dollar loss, regardless of what Kotaku posted. Nintendo is planning to have a $200 million dollar OPERATING LOSS. This is NOT the same thing as a NET LOSS. Nintendo is actually expecting a NET PROFIT of 153 million dollars.

But hey, don't take my word for it. How about instead of blindly accepting anything you read from an article that gets blindly reposted as fact, you take the time to look at the data and find out for yourself?
mandf  +   1032d ago
Losses happen to every company. It's not the end of the world for Nintendo. They just went through 2 r+d processes. It happens.

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