Nintendo doing very well, thank you
Thursday, April 24th, 2008 at 12:49pm by Press Release
Nintendo Co., Ltd., has announced record revenues and profits for the fiscal year ending March 31, 2008. Nintendo posted sales of more than 1.67 trillion yen, an increase of 73 percent over the prior year. Nintendo also reported FY08 operating profits of more than 487 billion yen, a year-over-year increase of 115.6 percent.
The company also increased projected shipments of the popular Wii™ home video game console for the current fiscal year. During the 12 months ending March 31, 2008, Nintendo shipped 18.61 million Wii console to its distributors and retail customers globally, bringing the worldwide total to 24.45 million since its debut in November 2006. For the fiscal year that began April 1, 2008, Nintendo forecasts global Wii console shipments increasing to 25 million.
Nintendo also forecasts shipment of 177 million Wii software units for FY09, while the FY08 shipment was 119.6 million units. Through March 31, 2008, Wii enjoys a life-to-date tie ratio of 6.07 games per system worldwide.
During the 12 months ending March 31, 2008, Nintendo shipped 30.31 million Nintendo DS™ systems worldwide, bringing the total worldwide shipment to 70.6 million. By March 31, 2009, Nintendo forecasts shipments of an additional 28 million Nintendo DS systems. Nintendo also forecasts shipment of 187 million Nintendo DS software units for FY09, while the actual FY08 software shipment was 185.62 million. Through March 31, 2008, Nintendo DS enjoys a life-to-date tie ratio of 5.24 games per system worldwide.
The company announced a full-year dividend for Nintendo shareholders of 1,260 yen per share (including the interim dividend of 140 yen already paid), 570 yen higher than the annual dividend of 690 yen paid one year ago.
All FY09 financial projections are based on an anticipated ratio of 100 yen to the U.S. dollar, and 155 yen to the euro.
April 24th, 2008 at 1:18 pm
“Through March 31, 2008, Wii enjoys a life-to-date tie ratio of 6.07 games per system worldwide.”
Impressive, even if 1.0 of that ratio is WiiSports Bundled/Unbundled.
April 24th, 2008 at 1:24 pm
So, 25 million consoles from april 1st 2008 to March 31st 2009? If they want to achieve that number… well… it seems Nintendo increased production to 2.2 million a month to account for the introduction to the Korean market and MAYBE a little head start in China.
April 24th, 2008 at 1:44 pm
mo’ money mo’ mario
April 24th, 2008 at 1:44 pm
I still don’t understand why the DS is not selling better. Given that there are about 6,000 million people in the world, 70 million units sold is a pathetic number…
This means that if I’m at a movie theater, with about 40 other people or so in the room, I only have a 50% chance I can PictoChat with one of them! Pathetic, I say…
Nintendo needs to step up on marketing that portable of theirs!
April 24th, 2008 at 3:32 pm
—The DS and Wii…—
IT PRINTS MONEY !!!1!!one!!1
April 24th, 2008 at 4:00 pm
When you add the DS numbers with the 30M+ of the PSP, you notice that the portable market has greatly expanded.
In 4 years, and maybe 2-3 more years to go, and there are over 100M handhelds.
April 24th, 2008 at 5:03 pm
Oh, and they apparently also sold 15M Gameboy Advances along with the 30M DS’s.
April 24th, 2008 at 6:28 pm
The portable market only expanded in Nintendo’s direction.
The PSP has slightly above mediocre hardware sales and terrible software sales, making it a pretty big revenue hole for any sort of new development, which evident in the top sellers for the PSP being nothing more than wastes-of-time PS2 ports. Obviously people are buying the PSP for things OTHER THAN videogames, which actually makes it kinda disastrous.
April 24th, 2008 at 8:24 pm
the PSP practically created the part of the market it appeals to. There was never a successful hand held with the multimedia features that PSP relies on in the portable gaming market (unless cell phones count now along with many other tiny pda’s, I don’t count them as they aren’t games machines).
April 25th, 2008 at 6:56 am
and its only going to get better since supply’s will be up… im one of the few that says that its about time for a price cut especially to make sure that they stay ahead of the competition.. nintendo can afford to drop the price to 199
April 25th, 2008 at 2:46 pm
Nah, a price drop is not in the future since the Wii and DS continue to sell at an incredible speed. The 1st Wii price drop MIGHT come at August 2009 IF demand has slowed down… but with Nintendo entering Korea and maybe CHINA during 2008, 2.2-2.8 million a month would be the production estimate between August 2008 and August 2009 (look up the population of China that has a chance to spend $250 on a Wii… and multiply by $35 for total Nintendo profit for the Chinese market alone).