Nintendo had a 456 million dollar loss during 2013

Discussion in 'Articles' started by Sykikal, May 7, 2014.

  • by Sykikal, May 7, 2014 at 8:02 PM
  • Sykikal

    Sykikal Very mentally stable admin Staff Member

    Nintendo posted their financial statement, in which they stated they had a loss of approximately 457 million dollars for the fiscal year which ended in March 31st. This is the third year in a row where Nintendo had a loss. Nintendo estimated in January that it would sell 2.8 million units this year, but they only sold 2.72 million units.

    The Wii U only sold a total of 6.17 million units after being out almost a year and a half, compared to the PlayStation 4 which has sold more than 7 million units after only being out for about 6 months.

    3DS performed well, with 12.24 million units sold in the last year, and 67.89 million total units sold. The 2DS sold 2.2 million units. The original Wii sold 1.22 million units last year.

    During the last year, the Wii U sold 18.86 million games worldwide, while the 3DS sold 66.89 games, and the original Wii sold 26.16 million games.

    Despite these losses, Nintendo is still expects to get a profit of $394 million dollars next year, in part because of the upcoming Mario Kart 8 and Super Smash Bros. games.
     
    Last edited: May 8, 2014
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Comments

Discussion in 'Articles' started by Sykikal, May 7, 2014.

  1. CROWley
    I have yet to get Mario Kart 7, Smash Bro's for the Wii, Super Mario Sunshine and the Galaxy games. I really hate being behind on getting these games. This post just reminded me how far back I really am.
  2. Lavitz
    "Net income was up a bit from projections, allowing Nintendo net less loss to be $229 million as opposed to the predicted $245.4 million."
    Source: http://www.forbes.com/sites/insertc...-wii-u-and-3ds-sales-targets-posts-229m-loss/

    Nintendo also spent $100 million on a mystery aquisition in Q4 last year.
    Source: http://www.gonintendo.com/s/227800-nintendo-spends-100-million-on-mystery-acquisition

    "Nintendo has bought back 9.5 million shares of its own stock, valued at 114.2 billion yen ($1.1 billion), in its first step to stabilize the company's changing financial situation. The family of Hiroshi Yamauchi, Nintendo's late (and great) CEO, sold back a portion of its shares during this buyback, according to the acquisition document."
    Source: http://www.joystiq.com/2014/02/04/nintendo-buys-1-1-billion-of-its-own-shares-yamauchi-family-co/

    "President Satoru Iwata told reporters he would draw a reduced salary for five months to atone for the downturn, while other members of the board will take a pay cut of between 20 and 30 percent."
    Source: http://www.businessinsider.com/nintendos-ceo-will-halve-his-pay-after-profits-drop-2014-1

    Nintendo loses money just like every other game company but they're still here and they will be for a long time. I don't think this is anything to worry about.
  3. Sykikal
    Yeah, I'm not saying Nintendo is in dire straights, I more see it as a red flag. Like they're on the wrong path now and they need to improve in order to compete effectively. 3DS sales are good, and I suppose Wii can act like a supplement since it still has a large install base. You could make the argument that they're just going through a temporarily loss to build up the Wii U and the games and then they'll make back the money later and that is probably part of it but I don't think it is all of it. I think if Nintendo keeps going at the rate they are they're at least going to become far less popular or have far less buying power in the future.

    I'm looking forward to seeing what they have in store for this year's E3. I hope they have some big name games to announce that'll spur Wii U sales and keep 3DS sales going.

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