HomeHomeSearchLatest imagesRegisterLog in

Share
 

 Nintendo sees profit doubling this year

View previous topic View next topic Go down 
Guest
Guest



Nintendo sees profit doubling this year Empty
PostSubject: Nintendo sees profit doubling this year   Nintendo sees profit doubling this year EmptyThu May 07, 2015 2:13 pm

Japan's Nintendo today forecast annual operating profit to double in the year to March, with its entry into smartphone games widely expected to help make up for weak sales growth of its traditional consoles.

Nintendo's latest Wii U console has been a distant third to Sony's PlayStation and Microsoft's XBox, while the rise of smartphone games has also led to a decline in customers.

The firm repeatedly resisted investor calls to branch out to mobile to boost profitability.

But in March, it partnered with DeNA to develop and operate game apps that the latter hopes to bring in over 3 billion yen ($25m) a month.

DeNA last month said the pair would release their first game later this year.

"A new source of revenue is expected from a gaming application for smart devices which will be released this year," Nintendo said in an earnings release, while it did not announce any new details of the DeNA partnership.

For the year from April 1, Nintendo forecast operating profit would roughly double to 50 billion yen in the year up to next March, ahead of the 39 billion yen average forecast of 20 analysts to Thomson Reuters data.

It booked an operating profit of 24.8 billion yen for the previous year, turning to black for the first time in four years as lower costs cancelled out the effect of weaker revenue.

The company said new software titles would likely help bolster sales of the Wii U and portable 3DS in the year ahead.

But it forecast Wii U sales this year to be roughly flat at around 3.4 million consoles, with those of the 3DS likely to fall to 7.6 million from 8.7 million a year earlier.
Back to top Go down
 

Nintendo sees profit doubling this year

View previous topic View next topic Back to top 
Page 1 of 1

 Similar topics

-
» Analysts: Nintendo Will 'Likely Miss Profit Goals'
» Nintendo boss to cut pay in half over profit dive
» Nintendo Discontinuing Club Nintendo This Year
» Report: 2013 WWE SummerSlam Buyrate Sees Big Drop From Last Year
» The Nintendo Switch Will Outsell The Wii U In Just One Year

Permissions in this forum:You cannot reply to topics in this forum
Wrestle Fanatics :: Popular Demand :: Video Games-