Company rides Game Boy Advance sales to a 22.6 billion yen ($204 million) profit, counting on DS for rest of fiscal year.
Nintendo's financial report for the first fiscal quarter shows amazing results! The profits had nearly doubled compared to last year. Great sales of Gameboy Advance, SP, GC and other merchandises contributed to the profit.
Kyoto, Japan-based Nintendo reported earnings of 22.6 billion yen ($204 million) during the three month period ending June 30, compared to 11.5 billion yen ($103 million) over the same period in 2003. Sales of game software rose 11 percent to 42 billion yen ($375 million), contributing to most of the profits.
The main support came from Nintendo's handheld, however. While revenues from hardware sales fell overall, some 13 percent to 39.5 billion yen ($353 million), the company still sold 2.3 million GBAs during the first fiscal quarter, helping bolster hardware sales as the GameCube, and, more imminently, the GBA, head into the end of their development cycles. Furthermore, Nintendo was able to cut production costs on its platforms 21 percent compared to last year.
Looking ahead, the company is counting on its new handheld device, the DS, to post big numbers when it debuts in Japan and the US before the end of 2004. Over 120 games are in development for the platform, with 20 of them coming from Nintendo. "The Nintendo DS will change the future of hand-held gaming," said Nintendo president Saturo Iwata.
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News source: GameSpot
Nintendo's financial report for the first fiscal quarter shows amazing results! The profits had nearly doubled compared to last year. Great sales of Gameboy Advance, SP, GC and other merchandises contributed to the profit.
Kyoto, Japan-based Nintendo reported earnings of 22.6 billion yen ($204 million) during the three month period ending June 30, compared to 11.5 billion yen ($103 million) over the same period in 2003. Sales of game software rose 11 percent to 42 billion yen ($375 million), contributing to most of the profits.
The main support came from Nintendo's handheld, however. While revenues from hardware sales fell overall, some 13 percent to 39.5 billion yen ($353 million), the company still sold 2.3 million GBAs during the first fiscal quarter, helping bolster hardware sales as the GameCube, and, more imminently, the GBA, head into the end of their development cycles. Furthermore, Nintendo was able to cut production costs on its platforms 21 percent compared to last year.
Looking ahead, the company is counting on its new handheld device, the DS, to post big numbers when it debuts in Japan and the US before the end of 2004. Over 120 games are in development for the platform, with 20 of them coming from Nintendo. "The Nintendo DS will change the future of hand-held gaming," said Nintendo president Saturo Iwata.
Click "...Read More" to view Dice's editorial comment and post your own.
News source: GameSpotDice says: No wonder! It's not a surprise Nintendo will make double the profit. They hold best status for handheld gaming, and quite possibly for consoles as well. Gamecube leaving out the DVD Player feature boosted sales dramatically because of the price differences between Xbox and PS2 compared to Gamecube. People want to save money! The DVD feature should always be an OPTION, if you don't want it then you shouldn't have to pay for it. Plus with the largest collection of games, Gamecube and handhelds such as GC and GBA just seals the deal.
now you could say the harddrive should be optional and maybe other features, but i think dvd is low enough in cost that it doesn't even matter anymore.
but i think Nintendo will do fine. although i don't see their next console making a big dent, they will always have the portable. i do believe the psp and ds can co-exist in the market.
Last edited by 16693 on 28 Jul 2004 - 20:00
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