Kyoto-based Nintendo Co. reported a net profit of ¥ 49,560,000,000 ($ 603,000,000) for the nine months to 31 December. The company has no numbers are distributed quarterly. It posted a profit ¥ 192 600 000 000 for the nine month period last year.
Sales fell 32 percent to 808 billion yen, while operating profit fell 47 percent to 158.8 billion yen.Although holiday sales were “strong”, the numbers have remained the U.S. sales record set by Wii and DS in hand with the system last year, the company said. It ‘also the fault of the strong yen 84400000000 yen in losses.Nintendo now says it will sell 16 million Wii consoles during the period up to March 31.
That is 1.5 million less than projected in the previous forecast. Cut its sales estimates 1000000-22500000 DS points. The company posted earnings forecasts unchanged. It continues to predict net profit fell by more than 60 percent of 90 billion yen to 1.1 trillion yen in sales.Nintendo is banking 3DS to drive sales and help the company to gain momentum.
Glasses in hand with a free 3-D device is sold as a unique experience of Nintendo are not found anywhere else.It goes on sale February 26 in Japan at a suggested retail price of 25,000 yen ($ 304). U.S. sales begin March 27 for $ 250 – the same price the revolutionary Wii console costs when it was launched in 2006. Nintendo President Satoru Iwata told the Nikkei business daily earlier this month that his company plans to ship about 1.5 million units in 3DS Japan in the first month.
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