ICStats on 29 October 2014
Ok, quite a mixed bag of results.
Good:
- Big improvement in Gross Profit from 31.5% to 47.3%.
- Foreign exchange gains from weakening Yen give $131 million Net Profit.
Not so good:
- Weakening yen devalued Nintendo's assets by ~$700 million compared to 6 months ago. It was near $11 billion and now is near $10.3 billion.
- 13% lower sales YoY. That's over 23% lower if measured in USD (again due to weakening Yen).
- Small operating loss - so core business is not yet back to profitability.
- Life to date Wii U shipments lower than VGC sales tracking... not a good thing.
My 8th gen collection
