Wednesday, 27 April 2016

Nintendo misses profit forecast as Wii U fades away


Nintendo’s latest earnings show a company stranded between old consoles and new. Sales of the Wii U and the handheld 3DS continue to taper off as expected, but the next big thing from Nintendo — the NX console — won’t arrive until March 2017.


For the fiscal year ending March 31st, Nintendo’s operating profit was ¥32.8 billion or $295 million from ¥504 billion revenue. This operating profit missed the company’s forecast of ¥50 billion, but was a slight boost on last year’s figure (¥24 billion) and marks the company’s second consecutive year of…



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Nintendo misses profit forecast as Wii U fades away

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