| Vinniegambini said: Last year, contrary to popular opinion, from October to December of 2011, Nintendo posted profits of 250 million; doing so without the 3DS being profitable. Now, 3rd quarter has officially passed and whether Nintendo is profitable will be announced January 30th. Furthermore, the yen has now been in their favour compared to previous quarters and will most likely positively impact their results. What do you believe, will Nintendo be able to post profits this quarter regardless of the average launch of the Wii U? On a side note, Nintendo is up by more than 5% in Japan today compared to Nikkei at .14%. It seems investors are anticipating a profit judging by the recent move. |
Popular opinion is that a company dealing in consumer electronics should post a profit during the biggest retail season of the year. Nintendo was only able to make 250 million with high 3DS, DS and Wii shipments and high software shipments.
This holiday season, the DS was heavily discounted and Wii had a price cut and total shipments are down 50-60%, along with ds and wii software. 3DS is flat year on year and no major releases in the west (and the 3DS and XL were heavily discounted) and the Wii U has been a debacle. I will be surprised if Nintendo post any operating income this quarter (and that would only come because of favorable exchange rates, which I think will be a small catalyst)
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