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Q1 Financial Results – How Different 2 Consoles Can Be (31/7/13)

July 31, 2013

business-increase-profits

So today Nintendo released their financial results for Q1 of the financial year, which spans between April to June 2013. Before we start, I should state that overall, the results of the financial report and generally positive. However, the is a negative. Not a disaster, but certainly not what Nintendo were hopping for. Find out what this negative is below, if you haven’t already.

As already mentioned, Nintendo released their financial report for Q1 2013. First of all, lets take a look at the console sales released in the report:

  • 3DS – 1,400,000
  • Wii U – 160,000
  • Wii – 210,000
  • DS – 60,000

So what can we gather from these figures? Well for a start, the 3DS is selling particularly well, but this isn’t a surprise when you look at the games released on the console between April to June. Luigi’s Mansion: Dark Moon was released worldwide, Animal Crossing: New Leaf was released in North America and Europe and the popular Tomodachi Collection was released in Japan. This is contrasting to the Wii U, which didn’t sell so well. The Wii U shifted less units then the Wii, which is largely because of the titles which Nintendo released on the console. Game & Wario was the only retail game released, and I hated that game. There was New Super Luigi U, but that was just a DLC title, even if Nintendo did release the game in retail. Lets take a look at some of the software figures from April to June released by Nintendo today:

  • Tomodachi Collection — 1,390,000 million
  • Animal Crossing: New Leaf — 1,540,000 million (350,000 from Japan)
  • Luigi’s Mansion: Dark Moon — 1,430,000 million

So you can see 3DS software sales are currently strong. Overall, 11,000,000 3DS games sold in the past three months, which is more then even Nintendo themselves predicted. This is once again contrasting to the Wii U; only 1,000,000 Wii U titles were shifted in the last quarter. This is less then the Wii and DS, which shifted 3,670,000 and 2,150,000 software units respectively. So the Wii U sold less then half the software units that the last-gen Nintendo consoles did, and 10 times less then the 3DS.

The final piece of new from the latest financial report is that the Wii, which only sold 210,000 hardware units in the last quarter, has finally sold over 100,000,000 consoles.  This makes the Wii the third Nintendo console to reach this landmark, after the Game Boy and the DS. It’s also the first Nintendo home console to reach this landmark. A great console with some of the best games to ever be released on Nintendo consoles, which thoroughly deserved to surpass this momentous landmark.

So what do all of these figures mean for overall profit? Well Nintendo received net sales of 81.5 Billion Yen ($827 Million/£545 Million), and an operation loss of 4.9 Billion Yen ($88 Million/£58 Million). Overall, Nintendo recorded a profit of 8.63 Billion Yen. So was this a good report? Well, you would have to say yes. Any profit is a profit, and many would’ve predicted that Nintendo would make a loss in the quarter. But obviously, there is one glaring issue that needs to be addressed.

To say the figures of the Wii U are disappointing would be an understatement. The consoles sales are currently an embarrassment, and that’s putting it lightly. However, I fully trust Nintendo to turn the fortunes of the Wii U around. As I mentioned in a post 10 days ago, there is a bombardment of massive Wii U games being released in the upcoming months, and they will surely be a fundamental part in bringing the Wii U back on track. Read our 10 Games That Will Save The Wii U feature which we completed yesterday just to see the sheer amount of games which are coming to the console in the upcoming year. If the games in this list don’t improve this consoles sales, then quite frankly, nothing will.

There was some other news released as part of today’s financial report, all related to the release of some upcoming 3DS games. For starters, Mario Golf: World Tour, will be released in North America this summer, and in Europe later this year. Another game with more release news is Bravely Default: Flying Fairy, which has been pushed back to a 2014 release in Europe; this game will now be released in North America and Europe next year. Finally, Professor Layton and the Azran Legacy, the last game in the series to feature Professor Layton as the protagonist, will be released later this year in Europe. This game will be released in 2014 in North America.

That’s all for today then. Sorry it’s a bit late, tomorrows post will be released at the usual time. Till then.

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From → 3DS, DS, Wii, Wii U

2 Comments
  1. Suliman permalink

    What’s crazy is that Nintendo’s profits were double that of Sony’s for this quarter, especially when you consider that Sony’s revenue was around $17 billion.

    • The PS Vita is a bit like the Wii U for Nintendo outside of Japan, so that can’t help. But it is strange when you consider that they released ‘The Last of Us’ two months ago. They could have spent money on manufacturing the PS4, but if they didn’t, I have no idea why Sony’s profits are so low for this quarter.

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