Nintendo Releases Quarterly Earnings Report PDF Print E-mail
Friday, 03 February 2012
It’s the time of the year again, where companies declare their quarterly earnings report. And as for Nintendo, they have just released their October to December 2012 quarterly earnings report, and the outlook looks grim for Nintendo. Apparently, Nintendo has reported a 61 percent drop in profit, in which it was traditionally deemed as a strong quarter for Nintendo.

Although Nintendo suffered a massive drop in profit, the company is still operating in the green region, with reported profits of ¥40.9 billion (about $631.6 million) for Q4 last year. Nintendo attributed the drop in sales due to sagging 3DS sales, which forced the company to slash prices on the respective handheld console. On a brighter note, President Satoru Iwata has announced that they will be releasing the new Wii U console for US, Europe, Australia and Japan before the 2012 year-end holiday season.

Nintendo Releases Quarterly Earnings Report

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