Michael Pachter: Wii 2 delay is hurting Nintendo

[ramses01]

Cheebee said:

Galaki said:

Cheebee said:
Oh noez! Wii has been out for 3 years already, and Nintendo hasn't even announced a successor yet! And they've only posted a measly $2,430,000,000.00 in profits the past year! They're d0med!!

I think it was $2.95B

 

Nintendo Profit Falls to $2.4b in FY 3/2010, Gives FY 3/2011 Fcst

'For the year ending March 2010, Nintendo had revenues of 1.43 trillion Yen ($15.2 billion), down 22% from the previous fiscal year. Net income (profit) fell to 228.6 billion Yen ($2.43 billion) down 18% from 279.1 billion Yen ($2.97 billion) in the previous fiscal year.'

In case the fanboys can't understand it, from an investor's standpoint, i.e. pach's standpoint, the results shown above have to be extremely disappointing.