Thursday, July 28

Nintendo announces bad Q1 earning. why? 3Ds price cut

The 3DS price will be cut from $249.99 to $169.99 on August 12

Nintendo has had an exciting year so far with the release of its portable Nintendo 3DS and the announcement of the Wii U console. But after releasing its fiscal first quarter results today, Nintendo saw very few financial highlights.

According to Nintendo's Q1 financial results, it posted a net loss of 25.5 billion yen ($324 million) in the quarter ending June 30, 2011. During the same quarter one year earlier, the net loss was 25.2 billion yen. Its operating income was at 37.7 billion yen in the April to June 2011 quarter, up from 23.3 billion yen in April to June 2010.

ohh Nintendo you're a good company why did that happen to you?

Nintendo is clearly having a rough time, and it blames the poor sales of both the 3DS and Wii titles for its financial downfall. According to its financial report, 710,000 3DS units have been sold between April and June 2011, bringing the total number sold to 4.32 million (830,000 in the U.S. total). This was a major disappointment for Nintendo, considering it was hoping to sell that many within the first weeks following the 3DS' launch in March 2011.

To remedy this, Nintendo is slashing the price of the 3DS from $249.99 to $169.99 starting August 12. 

well ppl may love to cut sales and they may buy more devices :) . i do love Wii okay i think the 3Q may be lot better . we will wait and see what will this great corp is gonna do ;) 
okay .... bye for now

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