Marked4Gaming
Please login for More access options on the forum Like Hidden Forums, Creating/customizing your Profile, Posting,Voting, + more!!!

If you don't have a login.. Please Register. Its free. So come have some fun and enjoy M4G.


Marked4Gaming is a Entertainment forum for all your Gaming, Entertainment, News and Coding needs.
 
HomeSearchRegisterLog in

Share | 
 

 Nintendo posts £143 million loss for the quarter

View previous topic View next topic Go down 
AuthorMessage
Silent
Admin
Admin
avatar

Posts : 200

PostSubject: Nintendo posts £143 million loss for the quarter   Wed Jul 25, 2012 10:34 am

Nintendo has reported a £143 million loss for the three-month period across April and June, but the battling platform holder says it is encouraged by sales of its 3DS handheld.

Revenue for the period climbed to £700 million, yet cost of sales and operating expenses pulled Nintendo into the red for the third consecutive quarter. This is likely due to the expenses involved manufacturing the 3DS.

"The profitability of the Nintendo 3DS hardware is improving, but the hardware has been in negative margin," the company's said.

Nintendo pointed out that such losses were an improvement on its performance in the same period last year. It also revealed that the 3DS will not be selling at a loss going forward.

It said 3DS hardware sales were improving, with the system shifting 19 million units into retail worldwide. 3DS software sales stand at about 53 million.

Nintendo expects to sell 18.5 million 3DS consoles for the financial year ending March 2013, as well as return to profit.

_________________
[Only admins are allowed to see this image]
Back to top Go down
http://marked4gaming.fullboards.com
 
Nintendo posts £143 million loss for the quarter
View previous topic View next topic Back to top 
Page 1 of 1
 Similar topics
-
» Nintendo Makes $100 Million Acquisition
» Nintendo Action Figures
» WoW hits 12 million subscribers because of whom?
» Nintendo's Half-Ass Reimbursement of Fan....
» MISS FATTY - Million Stylez vs El Medico

Permissions in this forum:You cannot reply to topics in this forum
Marked4Gaming :: Nintendo Talk :: Nintendo Corp. Discussion-
Jump to: