News Nintendo's Operating Losses Slow in First Quarter 2012
posted on 2012-07-25 23:03 EDT
Game maker Nintendo announced on Wednesday that it is reporting operating losses of 10.331 billion yen (about US$132 million) and net losses of 17.231 billion yen (about US$221 million) for their first quarter (April to June) of the 2012 fiscal year. Over the same period in 2011, the company reported a 37.712 billion yen (about US$483 million) operating loss and a 25.516 billion yen (about US$327 million) net loss. Net sales dropped 9.7 percent from the first quarter of 2011 to 84.813 billion yen (about US$1.09 billion).
The company's Nintendo 3DS handheld console sold 1.86 million units over the period worldwide, while the Wii console sold 710,000 units. Software sales for the two systems came to 7.39 million and 8.47 million units, respectively. Though the Nintendo DS console only sold 540,000 units, 8.48 million units of software were sold for the handheld.