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Nintendo Earnings Down From Last Year

Company blames Wii price drop and lack of major releases for falling revenues.

 

Nintendo shared today its annual earnings report, covering the year ended March 31, 2010.

Sales and income were down from 2009. Sales reached ¥1,434,365 million, down 22% from 2009's ¥1,838,622 million. Operating income was down 35.8%, from ¥552,263 million last year to ¥356,567 million.

As reason for the drops, Nintendo blamed the Wii price drop, a lack of strong Wii software titles in the first half of the year, and the appreciating yen.

As always, Nintendo's earnings report contained platform-by-platform breakdowns of hardware and software sales.

DS sold 27.11 million units worldwide over the period. 12.29 million of this was from America. Nintendo says that this is an annual hardware sales record for the region. The DS as a whole has sold 128.89 million units worldwide, beating the Game Boy.

In portable software, Pokemon HeartGold/Soul Silver, The Legend of Zelda Spirit Tracks and Friend Collection were cited by the company as strong performers. These sold, respectively, 8.4 million, 2.61 million and 3.2 million units over the period.

Despite what Nintendo describes as "lagging sales" during the holiday season, Wii sold 20.53 million units worldwide and now stands at 70.93 million units. It's the highest selling console in Nintendo history.

Amongst Wii software, Wii Sports Resort was the top selling title for the year, with 16.14 million units worldwide. Wii Fit Plus sold 12.65 million units, and New Super Mario Bros. Wii 14.7 million. Wii million sellers, including third party titles, climbed to 79, from the total of 54 at the end of the last year.

Nintendo also provided a forecast for the current fiscal year, ending March 31, 2011.

Regarding its portable business, the company mentioned its announcement of the 3DS system, although it did not share further details or release information. It also mentioned Pokemon Black & White, which are due for domestic release later this year.

The company also said that it plans on expanding Nintendo Zone, a service that lets DS users connect to special hot spots at retailers, restaurants and other public locations.

For its console business, upcoming releases like Metroid: Other M and Super Mario Galaxy 2 got a mention. Nintendo also said that it is "developing software with a new concept" for its Wii Vitality Sensor device.

This year, Nintendo expects sales of 1,400 billion yen and operating income of 320 billion yen.

Interested parties will find further details, including territory-by-territory sales breakdowns at Nintendo's earnings page

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