Good news Brothers and Sisters. I'm sure we all played a BIG part in helping God to put an end to Nintendo's success
Nintendo Sales Down 40 Percent
Kyoto-based Nintendo Co., Ltd. released its financial statement from the previous quarter earnings. Net sales were down compared to the same time last year — down by 40 percent, that is.
Obviously, Nintendo experienced phenomenal sales during the same period last year and faced a much more optimistic global economy.
According to Nintendo, "In the console business, there were fewer blockbuster software titles that briskly drove hardware sales this June quarter versus the same period a year ago when titles like Mario Kart Wii and Wii Fit were launch in overseas markets."
What's more, the high appreciate* of the Japanese yen has negatively impacted net sales to the tune of ¥253 billion compared to ¥423 billion during the same period last year.
Net income was also down, clocking at ¥42.3 billion — a 60.6 percent drop. Even in this downward economy, Nintendo certainly does remain profitable, just not as profitable.
OK, we still have some work cut out until sales are down to 0%, but still.
* sorry for the Jinglish.
Nintendo Sales Down 40 Percent
Kyoto-based Nintendo Co., Ltd. released its financial statement from the previous quarter earnings. Net sales were down compared to the same time last year — down by 40 percent, that is.
Obviously, Nintendo experienced phenomenal sales during the same period last year and faced a much more optimistic global economy.
According to Nintendo, "In the console business, there were fewer blockbuster software titles that briskly drove hardware sales this June quarter versus the same period a year ago when titles like Mario Kart Wii and Wii Fit were launch in overseas markets."
What's more, the high appreciate* of the Japanese yen has negatively impacted net sales to the tune of ¥253 billion compared to ¥423 billion during the same period last year.
Net income was also down, clocking at ¥42.3 billion — a 60.6 percent drop. Even in this downward economy, Nintendo certainly does remain profitable, just not as profitable.
* sorry for the Jinglish.
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