Nintendo today announced their first quarter financials and things didn’t look so good for the Big N. On the plus side they did announce a number of release dates for hotly anticipated hardware and software in their second quarter forecast.
During the quarter beginning in April and ending in June of 2010 Nintendo posted a loss of 25.2 billion yen ($288.4 million) and also experienced a drop in just a bit over 25 percent in year-over-year sales, however Nintendo still remains confident that its forecast for its year end profits will remain the same at 200 billion yen ($2.3 billion). Nintendo attributed its losses to “appreciation of the yen and the lowering of “Nintendo DS” hardware in Japan and Europe” which in effect “adversely impacted net sales and operating income.”
In their supplemental information Nintendo gave release dates for games in their forecast. Metroid: Other M is affirmed for an August 31 release date. While Kirby Epic Yarn and Wii Party get a Fall 2010 window. The Legend of Zelda: Skyward Sword was given a 2011 status, but of much interest in the office Golden Sun: Dark Dawn will be coming out this Holiday season, with a firm date yet to be set. And of course the big ones – the Nintendo 3DS and Kid Icarus: Uprising were simply stated as a March 2011 date and TBA respectively. So make sure to keep updating your calendars as we get confirmed dates for all these games and hardware.
It’s a lot of information to take in, but it’s always fun to see where these mega corporations stand. So do you think that with this kind of forecast Nintendo can meet their yearend goals, and for that matter what do you think is the Big N’s problem?