Friday, 29th October 2010
In General Japan News,
Nintendo reports drop in sales
Nintendo has announced losses for the six months to September following a decline in sales.
The Japanese company has revealed a loss of 2 billion yen (£0.01 billion) compared to last year's profit of 69.5 billion (£0.54 billion)
Nintendo claims the strong yen and a fall in sales of consoles and games has lead to the loss. The company left its forecast for the full year unchanged with a predicted 60.6 per cent fall in net profit.
Worldwide sales of the handheld DS device fell 43 per cent to 6.69 million units, while DS software sales dropped by 23 per cent to 54.84 million.
A statement from Nintendo explained its new Pocket Monsters software for the DS sold well in Japan but has yet to be released in Europe and the US and therefore this could help to boost sales in the second half of the year.
Meanwhile, Nintendo is planning to re-release a collection of classic Super Mario titles on the Wii next month.
Written by Mark Smith.
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